Zhongmin Baihui Retail Group (SGX:5SR) ROC % : -6.82% (As of Dec. 2024)

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What is Zhongmin Baihui Retail Group ROC %?

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. Zhongmin Baihui Retail Group's annualized return on capital (ROC %) for the quarter that ended in Dec. 2024 was -6.82%.

As of today (2025-07-24), Zhongmin Baihui Retail Group's WACC % is 3.19%. Zhongmin Baihui Retail Group's ROC % is -7.02% (calculated using TTM income statement data). Zhongmin Baihui Retail Group earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Zhongmin Baihui Retail Group ROC % Historical Data

The historical data trend for Zhongmin Baihui Retail Group's ROC % 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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Zhongmin Baihui Retail Group ROC % Chart

Zhongmin Baihui Retail Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Jun23

Jun24

ROC %

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-6.02

-0.52

-2.16

-13.82

-8.88

Zhongmin Baihui Retail Group Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
ROC %	Get a 7-Day Free Trial															-12.56	-7.27	-15.67	-7.03	-6.82

Zhongmin Baihui Retail Group ROC % Calculation

Zhongmin Baihui Retail Group's annualized Return on Capital (ROC %) for the fiscal year that ended in Jun. 2024 is calculated as:

	ROC % (A: Jun. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (A: Jun. 2023 )	+	Invested Capital (A: Jun. 2024 ))	/ count )
=	-13.031 * ( 1 - 0.49% )	/	( (134.308	+	157.878)	/ 2 )
=	-12.9671481	/	146.093
=	-8.88 %

where

	Invested Capital		(A: Jun. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	219.571	-	87.161	-	( 36.137	-	max(0, 129.252	-	127.354	+	36.137	))
=	134.308

	Invested Capital		(A: Jun. 2024 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	238.053	-	81.548	-	( 17.119	-	max(0, 131.097	-	129.724	+	17.119	))
=	157.878

Zhongmin Baihui Retail Group's annualized Return on Capital (ROC %) for the quarter that ended in Dec. 2024 is calculated as:

	ROC % (Q: Dec. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2024 )	+	Invested Capital (Q: Dec. 2024 ))	/ count )
=	-12.374 * ( 1 - 15.44% )	/	( (157.878	+	149.039)	/ 2 )
=	-10.4634544	/	153.4585
=	-6.82 %

where

	Invested Capital		(Q: Jun. 2024 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	238.053	-	81.548	-	( 17.119	-	max(0, 131.097	-	129.724	+	17.119	))
=	157.878

	Invested Capital		(Q: Dec. 2024 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	220.218	-	73.616	-	( 10.412	-	max(0, 125.459	-	123.022	+	10.412	))
=	149.039

Note: The Operating Income data used here is two times the semi-annual (Dec. 2024) data.

Zhongmin Baihui Retail Group (SGX:5SR) ROC % Explanation

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.

There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.

Why is ROC % important?

Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.

As of today, Zhongmin Baihui Retail Group's WACC % is 3.19%. Zhongmin Baihui Retail Group's ROC % is -7.02% (calculated using TTM income statement data). Zhongmin Baihui Retail Group earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Be Aware

Like ROE % and ROA %, ROC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Zhongmin Baihui Retail Group ROC % Related Terms

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Zhongmin Baihui Retail Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Zhongmin Baihui Retail Group Ltd (SGX:5SR) » Definitions » ROC %

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Address

80 Marine Parade Road, No. 13-07 Parkway Parade, Singapore, SGP, 449269

Website

http://www.zhongminbaihui.com

Zhongmin Baihui Retail Group Ltd is engaged in the ownership, operation and management of department stores and supermarkets in Fujian Province, People's Republic of China. The company is involved in the operation and management of an outlet mall in Changsha, Hunan Province. The department stores offer a wide variety of clothes and accessories for men, women and children from domestic and international brands from concessionaires while the supermarkets are well stocked with a good variety of items, including fresh produce and live seafood. It derives the bulk of its revenue from sales of supermarket products and commissions from concessionaire sales.

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