Guoquan Food (Shanghai) Co (HKSE:02517) ROCE % : 11.67% (As of Dec. 2023)

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What is Guoquan Food (Shanghai) 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. Guoquan Food (Shanghai) Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 11.67%.

Guoquan Food (Shanghai) Co ROCE % Historical Data

The historical data trend for Guoquan Food (Shanghai) 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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Guoquan Food (Shanghai) Co ROCE % Chart

Guoquan Food (Shanghai) Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

-5.99

-42.38

13.07

11.67

Guoquan Food (Shanghai) Co Semi-Annual Data
	Dec20	Dec21	Dec22	Dec23
ROCE %	-5.99	-42.38	13.07	11.67

Guoquan Food (Shanghai) Co ROCE % Calculation

Guoquan Food (Shanghai) 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 )
	=	403.448	/	( ( (4556.944 - 1455.098)	+	(5087.872 - 1277.411) )	/ 2 )
	=	403.448	/	( (3101.846	+	3810.461)	/ 2 )
	=	403.448	/	3456.1535
	=	11.67 %

Guoquan Food (Shanghai) 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: Dec. 2022 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Dec. 2022 )		(Q: Dec. 2023 )
	=	403.448	/	( ( (4556.944 - 1455.098)	+	(5087.872 - 1277.411) )	/ 2 )
	=	403.448	/	( ( 3101.846	+	3810.461 )	/ 2 )
	=	403.448	/	3456.1535
	=	11.67 %

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

Guoquan Food (Shanghai) Co (HKSE:02517) 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.

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Guoquan Food (Shanghai) Co (HKSE:02517) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Guoquan Food (Shanghai) Co Ltd (HKSE:02517) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lane 187, Xinghong Road, Room 802, No. 3, Minhang, Shanghai, CHN

Website

http://www.zzgqsh.com

Guoquan Food (Shanghai) Co Ltd is the leading and rapidly growing home meal products brand in China. It offers a variety of ready-to-eat, ready-to-heat, ready-to-cook and prepared ingredients, with a focus on at-home hotpot and barbecue products. With a carefully curated product portfolio and an extensive network of community-based stores, it enables consumers to enjoy meals at home with convenience, affordability and tastiness. Leveraging its robust supply chain and production capabilities, The company offers a wide variety of home meal products under the Guoquan Shihui brand through a nationwide network of 9,844 retail stores in China, serving diverse dining scenarios.

Guoquan Food (Shanghai) Co (HKSE:02517) Headlines

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