Jiangxi Huangshanghuang Group Food Co (SZSE:002695) ROCE % : 5.50% (As of Mar. 2024)

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What is Jiangxi Huangshanghuang Group Food 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. Jiangxi Huangshanghuang Group Food Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.50%.

Jiangxi Huangshanghuang Group Food Co ROCE % Historical Data

The historical data trend for Jiangxi Huangshanghuang Group Food 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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Jiangxi Huangshanghuang Group Food Co ROCE % Chart

Jiangxi Huangshanghuang Group Food Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.40

13.65

7.28

1.38

2.86

Jiangxi Huangshanghuang Group Food 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															6.79	8.87	3.18	-5.97	5.50

Jiangxi Huangshanghuang Group Food Co ROCE % Calculation

Jiangxi Huangshanghuang Group Food 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 )
	=	79.373	/	( ( (3001.143 - 440.406)	+	(3361.303 - 378.188) )	/ 2 )
	=	79.373	/	( (2560.737	+	2983.115)	/ 2 )
	=	79.373	/	2771.926
	=	2.86 %

Jiangxi Huangshanghuang Group Food 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 )
	=	165.46	/	( ( (3361.303 - 378.188)	+	(3336.067 - 301.369) )	/ 2 )
	=	165.46	/	( ( 2983.115	+	3034.698 )	/ 2 )
	=	165.46	/	3008.9065
	=	5.50 %

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

Jiangxi Huangshanghuang Group Food Co (SZSE:002695) 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.

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Jiangxi Huangshanghuang Group Food Co (SZSE:002695) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Jiangxi Huangshanghuang Group Food Co Ltd (SZSE:002695) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 66 Xiaolanzhong Avenue, Xiaolan Economic Development Zone, Nanchang County, Jiangxi, Nanchang City, CHN, 330052

Website

http://www.jxhsh.com.cn

Jiangxi Huangshanghuang Group Food Co Ltd is a food processing enterprise mainly engaged in the processing of livestock and poultry meat products. It offers fresh, packaging, and halogen fresh products, as well as fermented vegetables. Geographically, the activities are carried out through China.

Executives

Ceng Xi Hua	Directors, executives
Fan Xu Ming	Directors, executives
Wan Ming Qi	Securities Affairs Representative
Zhang Qi Wu	Directors, executives
Liu Chun Hua	Supervisors
Wang Jin Ben	Independent director
Xu Gui Fen	Director
Yu Fu Xin	Independent director

Jiangxi Huangshanghuang Group Food Co (SZSE:002695) Headlines

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