China Shengmu Organic Milk (HKSE:01432) ROCE % : 3.83% (As of Dec. 2023)

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What is China Shengmu Organic Milk 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 Shengmu Organic Milk's annualized ROCE % for the quarter that ended in Dec. 2023 was 3.83%.

China Shengmu Organic Milk ROCE % Historical Data

The historical data trend for China Shengmu Organic Milk'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 Shengmu Organic Milk ROCE % Chart

China Shengmu Organic Milk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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15.00

20.00

15.10

10.40

2.79

China Shengmu Organic Milk 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															12.43	11.41	10.61	1.78	3.83

China Shengmu Organic Milk ROCE % Calculation

China Shengmu Organic Milk'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 )
	=	164.931	/	( ( (8808.235 - 2982.201)	+	(9315.617 - 3305.67) )	/ 2 )
	=	164.931	/	( (5826.034	+	6009.947)	/ 2 )
	=	164.931	/	5917.9905
	=	2.79 %

China Shengmu Organic Milk'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 )
	=	226.348	/	( ( (8499.946 - 2700.36)	+	(9315.617 - 3305.67) )	/ 2 )
	=	226.348	/	( ( 5799.586	+	6009.947 )	/ 2 )
	=	226.348	/	5904.7665
	=	3.83 %

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

China Shengmu Organic Milk (HKSE:01432) 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 Shengmu Organic Milk ROCE % Related Terms

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China Shengmu Organic Milk (HKSE:01432) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » China Shengmu Organic Milk Ltd (HKSE:01432) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Inner Mongolia Autonomous Region, Food Industry Park, Deng Kou County, Bayannur, CHN

Website

http://www.youjimilk.com

China Shengmu Organic Milk Ltd is an organic dairy company in China. The company, through its subsidiaries, is engaged in the production and distribution of raw milk and dairy products. It operates in a single segment that is the Dairy Farming business. The company's income is mainly derived from its business activities in Mainland China.

Executives

Bpea Eqt Holdings Ab	2201 Interest of corporation controlled by you
Bei Jing Ke Gao Da Bei Nong Sheng Wu Ke Ji You Xian Gong Si	2201 Interest of corporation controlled by you
Bei Jing Da Bei Nong Ke Ji Ji Tuan Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Da Bei Nong Huan Qiu Tou Zi Xiang Gang You Xian Gong Si	2101 Beneficial owner
Bpea Private Equity Gp V, L.p.	2201 Interest of corporation controlled by you
Bpea Private Equity Gp V Limited	2201 Interest of corporation controlled by you
Bpea Private Equity Fund V, L.p.	2201 Interest of corporation controlled by you
Eqt Ab	2201 Interest of corporation controlled by you
Greenbelt Global Limited	2101 Beneficial owner
Salata Jean Eric	2201 Interest of corporation controlled by you
China Mengniu Dairy Company Limited	2201 Interest of corporation controlled by you
Shao Genhuo
The Baring Asia Private Equity Fund V, L.p.	2201 Interest of corporation controlled by you
Baring Private Equity Asia Gp V, L.p.	2201 Interest of corporation controlled by you
Baring Private Equity Asia Gp V Limited	2201 Interest of corporation controlled by you

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