China Foods (China Foods) ROCE % : 10.28% (As of Dec. 2023)

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What is China Foods 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. China Foods's annualized ROCE % for the quarter that ended in Dec. 2023 was 10.28%.

China Foods ROCE % Historical Data

The historical data trend for China Foods'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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China Foods ROCE % Chart

China Foods Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.79

16.23

16.76

17.28

18.78

China Foods Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															10.23	25.61	10.00	27.36	10.28

China Foods ROCE % Calculation

China Foods'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 )
	=	258.951	/	( ( (2160.586 - 841.018)	+	(2272.43 - 834.652) )	/ 2 )
	=	258.951	/	( (1319.568	+	1437.778)	/ 2 )
	=	258.951	/	1378.673
	=	18.78 %

China Foods'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	145.544	/	( ( (2246.691 - 852.799)	+	(2272.43 - 834.652) )	/ 2 )
	=	145.544	/	( ( 1393.892	+	1437.778 )	/ 2 )
	=	145.544	/	1415.835
	=	10.28 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

China Foods (OTCPK:CHFHY) 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.

China Foods ROCE % Related Terms

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China Foods (China Foods) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » China Foods Ltd (OTCPK:CHFHY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

00506:Hong Kong CFH:Germany

Address

262 Gloucester Road, 33rd Floor, COFCO Tower, Causeway Bay, Hong Kong, HKG

Website

http://www.chinafoodsltd.com

China Foods Ltd is an investment holding company that operates in the beverage business. It offers twenty-four brands of products in eleven major types of beverages, which include sparkling drink, juice, water, milk drink, energy drink, tea, coffee, functional nutrition drink, sports drink, plant-based protein drink, and alcoholic drink. Geographically, it derives the majority of revenue from Mainland China.

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