Anji Foodstuff Co (SHSE:603696) ROCE % : 5.70% (As of Mar. 2024)

View and export this data going back to 2015. Start your Free Trial

What is Anji Foodstuff 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. Anji Foodstuff Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.70%.

Anji Foodstuff Co ROCE % Historical Data

The historical data trend for Anji Foodstuff 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.

* Premium members only.

Anji Foodstuff Co ROCE % Chart

Anji Foodstuff Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

7.91

8.80

9.77

2.97

6.75

Anji Foodstuff 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															11.34	6.25	7.01	2.36	5.70

Anji Foodstuff Co ROCE % Calculation

Anji Foodstuff 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 )
	=	36.966	/	( ( (627.277 - 88.899)	+	(628.043 - 70.76) )	/ 2 )
	=	36.966	/	( (538.378	+	557.283)	/ 2 )
	=	36.966	/	547.8305
	=	6.75 %

Anji Foodstuff 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 )
	=	31.964	/	( ( (628.043 - 70.76)	+	(613.516 - 48.311) )	/ 2 )
	=	31.964	/	( ( 557.283	+	565.205 )	/ 2 )
	=	31.964	/	561.244
	=	5.70 %

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

Anji Foodstuff Co (SHSE:603696) 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.

Anji Foodstuff Co ROCE % Related Terms

Thank you for viewing the detailed overview of Anji Foodstuff Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Anji Foodstuff Co (SHSE:603696) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Anji Foodstuff Co Ltd (SHSE:603696) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

4-9A, Qingmeng Science and Technology Industrial Zone, Fujian Province, Quanzhou, CHN, 362006

Website

http://www.anjifood.com

Anji Foodstuff Co Ltd is engaged in the research and development, production and sales of seasoning. The company has five major products namely seasoning powder of mixed flavors, seasoning from natural extracts, herbs and spices, sauce and condensed soup. Its seasoning powder of mixed flavors includes seasoning for spare-rib, concentrated pork stock, beef powder, and other. Its seasonings from natural extracts comprise mushroom extract seasoning, bonito flavor bisque, scallop bisque, and others. The company herbs and spices comprise white pepper powder, five spices powder, and others; sauces include oyster, chili, curry seasoning, spare rib, and other sauces.

Anji Foodstuff Co (SHSE:603696) Headlines

No Headlines