Kuaijishan Shaoxing Rice Wine Co (SHSE:601579) ROCE % : 8.91% (As of Dec. 2023)

View and export this data going back to 2014. Start your Free Trial

What is Kuaijishan Shaoxing Rice Wine 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. Kuaijishan Shaoxing Rice Wine Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 8.91%.

Kuaijishan Shaoxing Rice Wine Co ROCE % Historical Data

The historical data trend for Kuaijishan Shaoxing Rice Wine 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.

Kuaijishan Shaoxing Rice Wine Co ROCE % Chart

Kuaijishan Shaoxing Rice Wine Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

6.94

11.37

10.74

5.30

5.99

Kuaijishan Shaoxing Rice Wine 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															7.09	11.14	0.21	3.59	8.91

Kuaijishan Shaoxing Rice Wine Co ROCE % Calculation

Kuaijishan Shaoxing Rice Wine 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 )
	=	227.585	/	( ( (4536.413 - 712.215)	+	(4527.703 - 752.919) )	/ 2 )
	=	227.585	/	( (3824.198	+	3774.784)	/ 2 )
	=	227.585	/	3799.491
	=	5.99 %

Kuaijishan Shaoxing Rice Wine 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 )
	=	336.548	/	( ( (4291.341 - 512.176)	+	(4527.703 - 752.919) )	/ 2 )
	=	336.548	/	( ( 3779.165	+	3774.784 )	/ 2 )
	=	336.548	/	3776.9745
	=	8.91 %

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

Kuaijishan Shaoxing Rice Wine Co (SHSE:601579) 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.

Kuaijishan Shaoxing Rice Wine Co ROCE % Related Terms

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

Kuaijishan Shaoxing Rice Wine Co (SHSE:601579) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Kuaijishan Shaoxing Rice Wine Co Ltd (SHSE:601579) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 1053, Jianhu Road, Keqiao District, Zhejiang, Shaoxing, CHN

Website

http://www.kuaijishanwine.com/

Kuaijishan Shaoxing Rice Wine Co Ltd produces and sells rice wine in China. The company provides its products under the brand name of Huijishan. It distributes its products within domestic market and to overseas markets, including Japan, Singapore, Hong Kong, Macau, and others.

Kuaijishan Shaoxing Rice Wine Co (SHSE:601579) Headlines

No Headlines