Green Future Food Hydrocolloid Marine Science Co (HKSE:01084) ROCE % : -28.02% (As of Dec. 2023)

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What is Green Future Food Hydrocolloid Marine Science 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. Green Future Food Hydrocolloid Marine Science Co's annualized ROCE % for the quarter that ended in Dec. 2023 was -28.02%.

Green Future Food Hydrocolloid Marine Science Co ROCE % Historical Data

The historical data trend for Green Future Food Hydrocolloid Marine Science 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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Green Future Food Hydrocolloid Marine Science Co ROCE % Chart

Green Future Food Hydrocolloid Marine Science Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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22.87

13.69

17.45

30.86

-8.23

Green Future Food Hydrocolloid Marine Science Co Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial								21.83	33.31	28.27	10.76	-28.02

Green Future Food Hydrocolloid Marine Science Co ROCE % Calculation

Green Future Food Hydrocolloid Marine Science 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 )
	=	-82.598	/	( ( (1888.372 - 807.353)	+	(1688.36 - 762.457) )	/ 2 )
	=	-82.598	/	( (1081.019	+	925.903)	/ 2 )
	=	-82.598	/	1003.461
	=	-8.23 %

Green Future Food Hydrocolloid Marine Science Co'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 )
	=	-281.666	/	( ( (1989.436 - 905.232)	+	(1688.36 - 762.457) )	/ 2 )
	=	-281.666	/	( ( 1084.204	+	925.903 )	/ 2 )
	=	-281.666	/	1005.0535
	=	-28.02 %

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

Green Future Food Hydrocolloid Marine Science Co (HKSE:01084) 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.

Green Future Food Hydrocolloid Marine Science Co ROCE % Related Terms

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Green Future Food Hydrocolloid Marine Science Co (HKSE:01084) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Green Future Food Hydrocolloid Marine Science Co Ltd (HKSE:01084) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

169 Electric Road, Flat A, 16th Floor, North Point, Hong Kong, HKG

Website

https://www.greenfreshfood.com

Green Future Food Hydrocolloid Marine Science Co Ltd is engaged in manufacturing and sales of food manufacturing hydrocolloid products including carrageenan products, agar-agar products, blended products, and konjac products in the People's Republic of China and overseas. Its segments include Manufacturing and sales of agar-agar products; Manufacturing and sales of carrageenan; Manufacturing and sales of konjac products; Manufacturing and sales of blended products; and Others such as sales of milk powder. Its operations are spread across China, Europe, Asia (excluding China), South America, North America, Africa and Oceania.

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