Xiamen Yan Palace Birds Nest Industry Co (HKSE:01497) ROCE % : 39.32% (As of Dec. 2023)

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What is Xiamen Yan Palace Birds Nest Industry 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. Xiamen Yan Palace Birds Nest Industry Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 39.32%.

Xiamen Yan Palace Birds Nest Industry Co ROCE % Historical Data

The historical data trend for Xiamen Yan Palace Birds Nest Industry 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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Xiamen Yan Palace Birds Nest Industry Co ROCE % Chart

Xiamen Yan Palace Birds Nest Industry Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

71.32

78.35

59.58

39.32

Xiamen Yan Palace Birds Nest Industry Co Semi-Annual Data
	Dec20	Dec21	Dec22	Dec23
ROCE %	71.32	78.35	59.58	39.32

Xiamen Yan Palace Birds Nest Industry Co ROCE % Calculation

Xiamen Yan Palace Birds Nest Industry 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 )
	=	302.151	/	( ( (1092.542 - 550.702)	+	(1607.847 - 612.647) )	/ 2 )
	=	302.151	/	( (541.84	+	995.2)	/ 2 )
	=	302.151	/	768.52
	=	39.32 %

Xiamen Yan Palace Birds Nest Industry Co's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Dec. 2022 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Dec. 2022 )		(Q: Dec. 2023 )
	=	302.151	/	( ( (1092.542 - 550.702)	+	(1607.847 - 612.647) )	/ 2 )
	=	302.151	/	( ( 541.84	+	995.2 )	/ 2 )
	=	302.151	/	768.52
	=	39.32 %

(1) Note: The EBIT data used here is one times the annual (Dec. 2023) EBIT data.

Xiamen Yan Palace Birds Nest Industry Co (HKSE:01497) 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.

Xiamen Yan Palace Birds Nest Industry Co ROCE % Related Terms

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Xiamen Yan Palace Birds Nest Industry Co (HKSE:01497) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Xiamen Yan Palace Birds Nest Industry Co Ltd (HKSE:01497) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Qianpu Road, 22/F, Caizihui No. 188, Siming District, Fujian Province, Xiamen City, CHN

Website

http://www.yanzhiwu.com

Xiamen Yan Palace Birds Nest Industry Co Ltd is engaged in the development, production, and marketing of Edible bird's nest (EBN) products. It is a natural health delicacy product with various perceived health benefits and nutritional value. Its product includes One Nest, Freshly Stewed Bird's Nest, Crystal Sugar Bird's Nest, and Dried EBN.

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