Hubei Yizhi Konjac Biotechnology Co (BJSE:839273) ROCE % : 8.80% (As of Mar. 2024)

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What is Hubei Yizhi Konjac Biotechnology 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. Hubei Yizhi Konjac Biotechnology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 8.80%.

Hubei Yizhi Konjac Biotechnology Co ROCE % Historical Data

The historical data trend for Hubei Yizhi Konjac Biotechnology 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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Hubei Yizhi Konjac Biotechnology Co ROCE % Chart

Hubei Yizhi Konjac Biotechnology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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28.34

21.65

21.63

20.34

11.98

Hubei Yizhi Konjac Biotechnology Co Quarterly Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															15.17	17.38	12.29	-1.26	8.80

Hubei Yizhi Konjac Biotechnology Co ROCE % Calculation

Hubei Yizhi Konjac Biotechnology 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 )
	=	60.361	/	( ( (547.418 - 138.925)	+	(641.886 - 42.389) )	/ 2 )
	=	60.361	/	( (408.493	+	599.497)	/ 2 )
	=	60.361	/	503.995
	=	11.98 %

Hubei Yizhi Konjac Biotechnology 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 )
	=	53.164	/	( ( (641.886 - 42.389)	+	(645.691 - 37.447) )	/ 2 )
	=	53.164	/	( ( 599.497	+	608.244 )	/ 2 )
	=	53.164	/	603.8705
	=	8.80 %

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

Hubei Yizhi Konjac Biotechnology Co (BJSE:839273) 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.

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Hubei Yizhi Konjac Biotechnology Co (BJSE:839273) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Hubei Yizhi Konjac Biotechnology Co Ltd (BJSE:839273) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

No. 438, Changyang Avenue, Changyang Economic Development Zone, Hubei Province, Yichang City, CHN, 443500

Website

http://www.yizkonjac.com

Hubei Yizhi Konjac Biotechnology Co Ltd is a biotechnology enterprise specializing in the deep processing of konjac. It engages in research and development, production, and sales of konjac-intensive processing and konjac-related products. It has three product categories of konjac gum, konjac food, and konjac tools and nearly 66 product series.

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