Shanghai Xuerong Bio-Technology Co (SZSE:300511) ROCE % : 5.03% (As of Mar. 2024)

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What is Shanghai Xuerong Bio-Technology 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. Shanghai Xuerong Bio-Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.03%.

Shanghai Xuerong Bio-Technology Co ROCE % Historical Data

The historical data trend for Shanghai Xuerong Bio-Technology 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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Shanghai Xuerong Bio-Technology Co ROCE % Chart

Shanghai Xuerong Bio-Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.35

9.63

-9.41

-10.45

-3.93

Shanghai Xuerong Bio-Technology 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															35.17	-22.32	-22.15	-6.26	5.03

Shanghai Xuerong Bio-Technology Co ROCE % Calculation

Shanghai Xuerong Bio-Technology 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 )
	=	-103.327	/	( ( (4072.032 - 1297.53)	+	(4602.167 - 2112.904) )	/ 2 )
	=	-103.327	/	( (2774.502	+	2489.263)	/ 2 )
	=	-103.327	/	2631.8825
	=	-3.93 %

Shanghai Xuerong Bio-Technology 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 )
	=	143.592	/	( ( (4602.167 - 2112.904)	+	(5044.587 - 1825.496) )	/ 2 )
	=	143.592	/	( ( 2489.263	+	3219.091 )	/ 2 )
	=	143.592	/	2854.177
	=	5.03 %

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

Shanghai Xuerong Bio-Technology Co (SZSE:300511) 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.

Shanghai Xuerong Bio-Technology Co ROCE % Related Terms

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Shanghai Xuerong Bio-Technology Co (SZSE:300511) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Shanghai Xuerong Bio-Technology Co Ltd (SZSE:300511) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No 999 Gaofeng Road, Modern Agriculture Park, Fengxian District, Shanghai, CHN, 201401

Website

http://www.xuerong.com

Shanghai Xuerong Bio-Technology Co Ltd is a bio-agricultural company, engages in the research, production, and marketing of edible fungi primarily in the People's Republic of China. It offers various mushroom products, such as white enoki, white-shimeji, brown-shimeji, seafood mushroom, king crab mushroom, king oyster mushroom, pleurotus nebrodensis, agaricus bisporus, and shiitake.

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