Natural Food International Holding (HKSE:01837) ROCE % : 15.46% (As of Jun. 2023)

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What is Natural Food International Holding 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. Natural Food International Holding's annualized ROCE % for the quarter that ended in Jun. 2023 was 15.46%.

Natural Food International Holding ROCE % Historical Data

The historical data trend for Natural Food International Holding'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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Natural Food International Holding ROCE % Chart

Natural Food International Holding Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.75

-4.88

10.41

11.01

13.87

Natural Food International Holding Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial											11.72	11.44	11.11	15.46	12.39

Natural Food International Holding ROCE % Calculation

Natural Food International Holding'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 )
	=	153.995	/	( ( (1711.858 - 312.942)	+	(1696.127 - 297.148) )	/ 2 )
	=	153.995	/	( (1398.916	+	1398.979)	/ 2 )
	=	153.995	/	1398.9475
	=	11.01 %

Natural Food International Holding's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	221.346	/	( ( (1696.127 - 297.148)	+	(1719.638 - 254.429) )	/ 2 )
	=	221.346	/	( ( 1398.979	+	1465.209 )	/ 2 )
	=	221.346	/	1432.094
	=	15.46 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2023) EBIT data.

Natural Food International Holding (HKSE:01837) 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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Natural Food International Holding (HKSE:01837) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Natural Food International Holding Ltd (HKSE:01837) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Yuehei Street, No. 8 Haitian 1st Road, 7th Floor, West Tower, Baidu International Building, Binhai Community, Nanshan District, Shenzhen, CHN

Website

http://www.szwgmf.com

Natural Food International Holding Ltd is a natural health food company. Along with its subsidiaries, the company is engaged in processing and selling natural health food in the People's Republic of China. The group sells its products through an extensive network of offline concessionary counters as well as online channels, including e-commerce platforms and self-operated WeChat member stores, of which the majority of revenue is derived through sales made by offline channels. Geographically, the company generates a majority of its revenue from the People's Republic of China.

Natural Food International Holding (HKSE:01837) Headlines

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