Fujing Holdings Co (HKSE:02497) ROCE % : 9.91% (As of Dec. 2023)

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What is Fujing Holdings 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. Fujing Holdings Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 9.91%.

Fujing Holdings Co ROCE % Historical Data

The historical data trend for Fujing Holdings 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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Fujing Holdings Co ROCE % Chart

Fujing Holdings Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

20.85

20.45

11.24

15.58

Fujing Holdings Co Quarterly Data
	Dec20	Dec21	Sep22	Dec22	May23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial			-	16.76	-	-	9.91

Fujing Holdings Co ROCE % Calculation

Fujing Holdings 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 )
	=	54.801	/	( ( (370.309 - 41.824)	+	(411.88 - 36.663) )	/ 2 )
	=	54.801	/	( (328.485	+	375.217)	/ 2 )
	=	54.801	/	351.851
	=	15.58 %

Fujing Holdings 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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	36.416	/	( ( (397.112 - 37.72)	+	(411.88 - 36.663) )	/ 2 )
	=	36.416	/	( ( 359.392	+	375.217 )	/ 2 )
	=	36.416	/	367.3045
	=	9.91 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Fujing Holdings Co (HKSE:02497) 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.

Fujing Holdings Co ROCE % Related Terms

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Fujing Holdings Co (HKSE:02497) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Fujing Holdings Co Ltd (HKSE:02497) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Huanhu North Road South, Nanbu Village South, Rizhuang Town Laixi, Shandong Province, Qingdao, CHN

Website

http://www.fujingnongye.com

Fujing Holdings Co Ltd is a potted vegetable producer in Shandong province of the PRC. The group mainly sells potted vegetable agricultural products, among which chrysanthemum, rapeseed, bitter chrysanthemum, lettuce, pakchoi, and lettuce are the group's main products.

Executives

Wider International Group Limited	2101 Beneficial owner
Zhang Yonggang	2201 Interest of corporation controlled by you
Beauty Sources Holdings Limited	2101 Beneficial owner
Geng Qi	2201 Interest of corporation controlled by you

Fujing Holdings Co (HKSE:02497) Headlines

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