Yinchuan Xinhua Commercial (Group) Co (SHSE:600785) ROCE % : 1.85% (As of Dec. 2023)

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What is Yinchuan Xinhua Commercial (Group) 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. Yinchuan Xinhua Commercial (Group) Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 1.85%.

Yinchuan Xinhua Commercial (Group) Co ROCE % Historical Data

The historical data trend for Yinchuan Xinhua Commercial (Group) 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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Yinchuan Xinhua Commercial (Group) Co ROCE % Chart

Yinchuan Xinhua Commercial (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.09

2.54

5.26

6.09

Yinchuan Xinhua Commercial (Group) Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-1.41	11.95	4.77	7.02	1.85

Yinchuan Xinhua Commercial (Group) Co ROCE % Calculation

Yinchuan Xinhua Commercial (Group) 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 )
	=	296.682	/	( ( (8149.949 - 3595.63)	+	(8793.159 - 3605.435) )	/ 2 )
	=	296.682	/	( (4554.319	+	5187.724)	/ 2 )
	=	296.682	/	4871.0215
	=	6.09 %

Yinchuan Xinhua Commercial (Group) 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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	90.784	/	( ( (7933.311 - 3307.478)	+	(8793.159 - 3605.435) )	/ 2 )
	=	90.784	/	( ( 4625.833	+	5187.724 )	/ 2 )
	=	90.784	/	4906.7785
	=	1.85 %

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

Yinchuan Xinhua Commercial (Group) Co (SHSE:600785) 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.

Yinchuan Xinhua Commercial (Group) Co ROCE % Related Terms

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Yinchuan Xinhua Commercial (Group) Co (SHSE:600785) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Yinchuan Xinhua Commercial (Group) Co Ltd (SHSE:600785) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 97 Xinhua East Street, Xingqing District, Ningxia Hui Autonomous Region, Yinchuan, CHN, 750001

Website

http://www.xhbh.com.cn

Yinchuan Xinhua Commercial (Group) Co Ltd is a China-based company engaged in the operation of department stores, as well as the delivery of goods, household appliances, and wholesale products.

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