Yonghui Superstores Co (SHSE:601933) ROCE %

: -0.79% (As of Sep. 2023)

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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. Yonghui Superstores Co's annualized ROCE % for the quarter that ended in Sep. 2023 was -0.79%.

Yonghui Superstores Co ROCE % Historical Data

The historical data trend for Yonghui Superstores 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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Yonghui Superstores Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

7.56

10.21

7.89

-7.67

-4.73

Yonghui Superstores Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %																-5.77	-21.53	15.59	-1.12	-0.79

Yonghui Superstores Co ROCE % Calculation

Yonghui Superstores Co'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 )
	=	-1662.393	/	( ( (71311.642 - 34091.714)	+	(62143.216 - 29067.33) )	/ 2 )
	=	-1662.393	/	( (37219.928	+	33075.886)	/ 2 )
	=	-1662.393	/	35147.907
	=	-4.73 %

Yonghui Superstores Co's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-237.08	/	( ( (53472.484 - 23015.195)	+	(54589.242 - 25258.039) )	/ 2 )
	=	-237.08	/	( ( 30457.289	+	29331.203 )	/ 2 )
	=	-237.08	/	29894.246
	=	-0.79 %

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

Yonghui Superstores Co (SHSE:601933) 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.

Yonghui Superstores Co ROCE % Related Terms

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Yonghui Superstores Co (SHSE:601933) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Yonghui Superstores Co Ltd (SHSE:601933) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 436 West Second Ring Road, Fujian Province, Fuzhou, CHN, 350002

Website

http://www.yonghui.com.cn

Yonghui Superstores Co Ltd in China is a supermarket chain which sells a variety of food products and some household products and supplies. Its products categories include Fresh food division, Food products division, Clothing division, and Processing division.

Yonghui Superstores Co (SHSE:601933) Headlines

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