China Agri-Products Exchange (FRA:RHGN) ROCE % : 5.60% (As of Mar. 2024)

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What is China Agri-Products Exchange 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 Agri-Products Exchange's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.60%.

China Agri-Products Exchange ROCE % Historical Data

The historical data trend for China Agri-Products Exchange'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 Agri-Products Exchange ROCE % Chart

China Agri-Products Exchange Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Mar21

Mar22

Mar23

Mar24

ROCE %

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2.95

24.83

6.64

3.97

5.23

China Agri-Products Exchange Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial															6.55	1.60	5.28	5.60	4.32

China Agri-Products Exchange ROCE % Calculation

China Agri-Products Exchange's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	22.896	/	( ( (584.911 - 127.412)	+	(545.446 - 127.31) )	/ 2 )
	=	22.896	/	( (457.499	+	418.136)	/ 2 )
	=	22.896	/	437.8175
	=	5.23 %

China Agri-Products Exchange'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: Sep. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	23.25	/	( ( (550.651 - 138.633)	+	(545.446 - 127.31) )	/ 2 )
	=	23.25	/	( ( 412.018	+	418.136 )	/ 2 )
	=	23.25	/	415.077
	=	5.60 %

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

China Agri-Products Exchange (FRA:RHGN) 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 Agri-Products Exchange ROCE % Related Terms

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China Agri-Products Exchange Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » China Agri-Products Exchange Ltd (FRA:RHGN) » Definitions » ROCE %

Traded in Other Exchanges

00149:Hong Kong

Address

39 Wang Kwong Road, Suite 3202, 32nd Floor, Skyline Tower, Kowloon Bay, Kowloon, Hong Kong, HKG

Website

http://www.cnagri-products.com

China Agri-Products Exchange Ltd is an investment holding company. The company operates through two segments namely Agricultural produce exchange market operation; and Property sales. The majority of its revenue is derived from the Agricultural produce exchange market operation segment. Geographically, it derives revenue from China.

China Agri-Products Exchange Headlines

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