Henan Shuanghui Investment & Development Co (SZSE:000895) ROCE % : 31.03% (As of Mar. 2024)

View and export this data going back to 1998. Start your Free Trial

What is Henan Shuanghui Investment & Development 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. Henan Shuanghui Investment & Development Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 31.03%.

Henan Shuanghui Investment & Development Co ROCE % Historical Data

The historical data trend for Henan Shuanghui Investment & Development 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.

Henan Shuanghui Investment & Development Co ROCE % Chart

Henan Shuanghui Investment & Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

44.15

38.01

25.96

31.09

29.96

Henan Shuanghui Investment & Development 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															33.39	30.38	35.86	19.35	31.03

Henan Shuanghui Investment & Development Co ROCE % Calculation

Henan Shuanghui Investment & Development 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 )
	=	6827.177	/	( ( (36411.98 - 13500.866)	+	(36675.37 - 14015.667) )	/ 2 )
	=	6827.177	/	( (22911.114	+	22659.703)	/ 2 )
	=	6827.177	/	22785.4085
	=	29.96 %

Henan Shuanghui Investment & Development 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 )
	=	7210.492	/	( ( (36675.37 - 14015.667)	+	(41395.818 - 17578.955) )	/ 2 )
	=	7210.492	/	( ( 22659.703	+	23816.863 )	/ 2 )
	=	7210.492	/	23238.283
	=	31.03 %

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

Henan Shuanghui Investment & Development Co (SZSE:000895) 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.

Henan Shuanghui Investment & Development Co ROCE % Related Terms

Thank you for viewing the detailed overview of Henan Shuanghui Investment & Development Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Henan Shuanghui Investment & Development Co (SZSE:000895) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Henan Shuanghui Investment & Development Co Ltd (SZSE:000895) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 1 Shuanghui Road, Shuanghui Tower, Henan Province, Luohe, CHN, 462000

Website

http://www.shuanghui.net

Henan Shuanghui Investment & Development Co Ltd is a China-based meat processing company. It is principally engaged in the business of slaughtering, meat food, and food processing, packaging, processing of egg products and aquatic products.

Henan Shuanghui Investment & Development Co (SZSE:000895) Headlines

No Headlines