Shandong Luscious Pet Food (BJSE:832419) ROCE % : 12.73% (As of Mar. 2024)

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What is Shandong Luscious Pet Food 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. Shandong Luscious Pet Food's annualized ROCE % for the quarter that ended in Mar. 2024 was 12.73%.

Shandong Luscious Pet Food ROCE % Historical Data

The historical data trend for Shandong Luscious Pet Food'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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Shandong Luscious Pet Food ROCE % Chart

Shandong Luscious Pet Food Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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24.35

13.24

16.49

10.22

11.28

Shandong Luscious Pet Food Quarterly Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															14.02	26.69	10.37	13.41	12.73

Shandong Luscious Pet Food ROCE % Calculation

Shandong Luscious Pet Food's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	45.465	/	( ( (408.922 - 67.311)	+	(550.837 - 85.992) )	/ 2 )
	=	45.465	/	( (341.611	+	464.845)	/ 2 )
	=	45.465	/	403.228
	=	11.28 %

Shandong Luscious Pet Food'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 )
	=	68.7	/	( ( (661.173 - 128.651)	+	(706.714 - 160.032) )	/ 2 )
	=	68.7	/	( ( 532.522	+	546.682 )	/ 2 )
	=	68.7	/	539.602
	=	12.73 %

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

Shandong Luscious Pet Food (BJSE:832419) 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.

Shandong Luscious Pet Food ROCE % Related Terms

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Shandong Luscious Pet Food (BJSE:832419) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Shandong Luscious Pet Food Inc (BJSE:832419) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

South of Zhongxin Road, East of Chuanchuan Road, Yangkou Advanced Manufacturing Park, Shandong Province, Shouguang City, CHN, 262700

Website

http://www.luspet.com

Shandong Luscious Pet Food Inc is a pet food professional company. It engages in research and development, production, and sales of pet food and pet supplies. Its products comprise dog food, cat staple food, cat snacks, dog snacks, dog chew, can, and Maintenance products.

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