Jiujiuwang Food International (HKSE:01927) ROCE % : 2.41% (As of Dec. 2023)

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What is Jiujiuwang Food International 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. Jiujiuwang Food International's annualized ROCE % for the quarter that ended in Dec. 2023 was 2.41%.

Jiujiuwang Food International ROCE % Historical Data

The historical data trend for Jiujiuwang Food International'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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Jiujiuwang Food International ROCE % Chart

Jiujiuwang Food International Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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37.57

31.85

17.11

9.37

5.15

Jiujiuwang Food International Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial						16.29	10.48	8.60	9.13	2.41

Jiujiuwang Food International ROCE % Calculation

Jiujiuwang Food International'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 )
	=	26.963	/	( ( (740.32 - 287.328)	+	(774.257 - 179.593) )	/ 2 )
	=	26.963	/	( (452.992	+	594.664)	/ 2 )
	=	26.963	/	523.828
	=	5.15 %

Jiujiuwang Food International'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 )
	=	12.628	/	( ( (757.676 - 306.03)	+	(774.257 - 179.593) )	/ 2 )
	=	12.628	/	( ( 451.646	+	594.664 )	/ 2 )
	=	12.628	/	523.155
	=	2.41 %

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

Jiujiuwang Food International (HKSE:01927) 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.

Jiujiuwang Food International ROCE % Related Terms

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Jiujiuwang Food International (HKSE:01927) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Jiujiuwang Food International Ltd (HKSE:01927) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 398 Ping An East Road, Luoshan Street, Xukeng Industrial Zone, Fujian Province, Jinjiang, CHN

Website

http://www.jiujiuwang.com

Jiujiuwang Food International Ltd is a manufacturer of confectionary products. It manufactures and sells confectionary products, including gum-based candies, tablet candies, aerated candies, and hard candies.

Executives

Hong Mali
Su Li
Wu Zihong
Zheng Guodian
Zheng Guosi
Zheng Zhenzhong
Haisen International Limited
Xiejia Limited
Jianeng International Limited

Jiujiuwang Food International (HKSE:01927) Headlines

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