Ritamix Global (HKSE:01936) ROCE % : 7.54% (As of Jun. 2024)

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What is Ritamix Global 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. Ritamix Global's annualized ROCE % for the quarter that ended in Jun. 2024 was 7.54%.

Ritamix Global ROCE % Historical Data

The historical data trend for Ritamix Global'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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Ritamix Global ROCE % Chart

Ritamix Global Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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24.44

11.23

11.29

11.18

9.51

Ritamix Global Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial								13.20	9.19	10.07	9.19	7.54

Ritamix Global ROCE % Calculation

Ritamix Global'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 )
	=	25.41	/	( ( (280.984 - 17.637)	+	(285.886 - 14.805) )	/ 2 )
	=	25.41	/	( (263.347	+	271.081)	/ 2 )
	=	25.41	/	267.214
	=	9.51 %

Ritamix Global's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	20.59	/	( ( (285.886 - 14.805)	+	(293.798 - 18.864) )	/ 2 )
	=	20.59	/	( ( 271.081	+	274.934 )	/ 2 )
	=	20.59	/	273.0075
	=	7.54 %

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

Ritamix Global (HKSE:01936) 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.

Ritamix Global ROCE % Related Terms

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Ritamix Global Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Ritamix Global Ltd (HKSE:01936) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 7, Jalan TP 7, UEP Industrial Park, Shah Alam, SGR, MYS, 40400

Website

https://www.ritamix-global.com

Ritamix Global Ltd is engaged in the distribution of animal feed additives and, human food ingredients; and the manufacturing of animal feed additives premixes. The company offers a wide range of animal feed additives including amino acids, vitamins, minerals, enzymes, and photogenic ingredients produced by chemical and feed ingredients companies of international brand names. It has diversified its product portfolio to include human food ingredients such as baking soda, minerals, hydrocolloids, emulsifiers, and vitamins. Its operating segments include the Animal feed additives products segment: manufacturing and distribution of animal feed additives products; and the Human food ingredient products segment: distribution of human food ingredient products.

Executives

Garry-worth Investment Limited
Lee Haw Hann
Lee Haw Shyang
Lee Haw Yih
Yaw Sook Kean
Yee Mei Loon
Voon Sze Lin
Warrants Capital Ltd
Lim Ee Min

Ritamix Global Headlines

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