ZJLD Group (FRA:LH6) ROCE % : 17.31% (As of Jun. 2024)

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What is ZJLD Group 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. ZJLD Group's annualized ROCE % for the quarter that ended in Jun. 2024 was 17.31%.

ZJLD Group ROCE % Historical Data

The historical data trend for ZJLD Group'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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ZJLD Group ROCE % Chart

ZJLD Group Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

60.98

88.00

33.56

29.54

14.41

ZJLD Group Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
ROCE %	Get a 7-Day Free Trial			21.71	39.30	16.76	17.31	11.62

ZJLD Group ROCE % Calculation

ZJLD Group'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 )
	=	371.169	/	( ( (1497.424 - 619.068)	+	(2257.465 - 623.236) )	/ 2 )
	=	371.169	/	( (878.356	+	1634.229)	/ 2 )
	=	371.169	/	1256.2925
	=	29.54 %

ZJLD Group's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	288.128	/	( ( (2257.465 - 623.236)	+	(2312.491 - 617.44) )	/ 2 )
	=	288.128	/	( ( 1634.229	+	1695.051 )	/ 2 )
	=	288.128	/	1664.64
	=	17.31 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

ZJLD Group (FRA:LH6) 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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ZJLD Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » ZJLD Group Inc (FRA:LH6) » Definitions » ROCE %

Traded in Other Exchanges

06979:Hong Kong

Address

No.15 Baiqiao Avenue, 8th Floor, Jiahe Guoxin Building, Dongcheng District, Beijing, CHN

Website

https://www.zjld.com

Zhenjiu Lidu, or ZJLD, is one of the leading non-state-owned baijiu distillers in China. It operates a portfolio of baijiu brands with aroma ranging across Jiang, Rich, and Mixed flavors that include Zhen Jiu, Li Du, Xiang Jiao, and Kai Kou Xiao, which contributed 65%, 16%, 12% and 6% of total revenue in 2023, respectively. ZJLD listed on the Hong Kong Stock Exchange in April 2023, ranking it as the ninth largest among the listed baijiu distillers in terms of revenue in 2023. Chairman Wu Xiangdong through Jindong Investment, controls 69% of the firm's total equity stake as of December 2023.

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