YuanShengTai Dairy Farm (HKSE:01431) ROCE % : -1.64% (As of Dec. 2023)

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What is YuanShengTai Dairy Farm 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. YuanShengTai Dairy Farm's annualized ROCE % for the quarter that ended in Dec. 2023 was -1.64%.

YuanShengTai Dairy Farm ROCE % Historical Data

The historical data trend for YuanShengTai Dairy Farm'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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YuanShengTai Dairy Farm ROCE % Chart

YuanShengTai Dairy Farm Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.09

12.45

3.00

0.53

-4.79

YuanShengTai Dairy Farm 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															2.21	1.87	-0.71	-8.00	-1.64

YuanShengTai Dairy Farm ROCE % Calculation

YuanShengTai Dairy Farm'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 )
	=	-330.053	/	( ( (8868.178 - 1855.334)	+	(9129.748 - 2369.379) )	/ 2 )
	=	-330.053	/	( (7012.844	+	6760.369)	/ 2 )
	=	-330.053	/	6886.6065
	=	-4.79 %

YuanShengTai Dairy Farm'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 )
	=	-110.548	/	( ( (8469.551 - 1748.168)	+	(9129.748 - 2369.379) )	/ 2 )
	=	-110.548	/	( ( 6721.383	+	6760.369 )	/ 2 )
	=	-110.548	/	6740.876
	=	-1.64 %

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

YuanShengTai Dairy Farm (HKSE:01431) 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.

YuanShengTai Dairy Farm ROCE % Related Terms

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YuanShengTai Dairy Farm (HKSE:01431) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » YuanShengTai Dairy Farm Ltd (HKSE:01431) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Qingxiang Street, Kedong County, Heilongjiang Province, Qiqihar, CHN

Website

http://www.ystdfarm.com

YuanShengTai Dairy Farm Ltd is a China-based dairy farming company. Along with its subsidiaries, it principally engages in the production and sale of milk in the People's Republic of China. Its dairy farms are in Heilongjiang and Jilin province, which includes Gannan Oumei Farm, Kedong Oumei Farm, Kedong YST Farm, Zhenlai Farm Phase I, Kedong Yongjin Farm, Baiquan Ruixincheng Farm, and Keshan Farm. The group generates revenue from its operations mainly in Mainland China.

Executives

Leng Youbin	2201 Interest of corporation controlled by you
China Feihe Limited	2101 Beneficial owner
Garland Glory Holdings Limited	2201 Interest of corporation controlled by you
Harneys Trustees Limited	2301 Trustee
Lyb International Holding Limited	2201 Interest of corporation controlled by you

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