Fujian Sunner Development Co (SZSE:002299) ROCE % : 0.43% (As of Mar. 2024)

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What is Fujian Sunner Development Co ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Fujian Sunner Development Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 0.43%.

Fujian Sunner Development Co ROCE % Historical Data

The historical data trend for Fujian Sunner Development Co's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Fujian Sunner Development Co ROCE % Chart

Fujian Sunner Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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44.71

21.04

6.15

6.04

7.88

Fujian Sunner Development Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															5.31	13.80	13.62	-0.80	0.43

Fujian Sunner Development Co ROCE % Calculation

Fujian Sunner Development Co's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	897.222	/	( ( (18928.327 - 8058.218)	+	(22512.732 - 10619.239) )	/ 2 )
	=	897.222	/	( (10870.109	+	11893.493)	/ 2 )
	=	897.222	/	11381.801
	=	7.88 %

Fujian Sunner Development Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	50.724	/	( ( (22512.732 - 10619.239)	+	(23462.44 - 11678.836) )	/ 2 )
	=	50.724	/	( ( 11893.493	+	11783.604 )	/ 2 )
	=	50.724	/	11838.5485
	=	0.43 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Fujian Sunner Development Co (SZSE:002299) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Fujian Sunner Development Co ROCE % Related Terms

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Fujian Sunner Development Co (SZSE:002299) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Fujian Sunner Development Co Ltd (SZSE:002299) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Office Building of Shengnong Headquarters, Shilipu, Guangze County, Fujian, Nanping, CHN, 354100

Website

http://www.sunnercn.com

Fujian Sunner Development Co Ltd is a China-based company engaged in the raising and processing of chickens. The main product is frozen chicken for the fast food industry and meat wholesalers. The company is engaged in poultry, fish, and bream farming.

Fujian Sunner Development Co (SZSE:002299) Headlines

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