Chongqing Hongjiu Fruit Co (HKSE:06689) ROCE %: 28.46% (As of Jun. 2023)

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HKSE:06689 Chongqing Hongjiu Fruit Co Ltd HKSE:06689
27 GF Score
Price HK$1.74
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What is Chongqing Hongjiu Fruit Co ROCE %?

Chongqing Hongjiu Fruit Co HKSE:06689 27 ROCE % is 28.46% as of Jun. 2023. GuruFocus rates HKSE:06689 with a GF Score™ of 27/100.

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. Chongqing Hongjiu Fruit Co's annualized ROCE % for the quarter that ended in Jun. 2023 was 28.46%.

Chongqing Hongjiu Fruit Co  (HKSE:06689) 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.

Chongqing Hongjiu Fruit Co ROCE % Related Terms

Chongqing Hongjiu Fruit Co ROCE % Historical Data

* Premium members only.

The historical data trend for Chongqing Hongjiu Fruit 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.

Chongqing Hongjiu Fruit Co ROCE % Chart

Chongqing Hongjiu Fruit Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22
ROCE %
3,210.70 481.16 23.54 31.60

Chongqing Hongjiu Fruit Co Semi-Annual Data
Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
ROCE % Get a 7-Day Free Trial 509.35 18.38 42.78 24.10 28.46
HKSE:06689
27GF Score
Chongqing Hongjiu Fruit Co Ltd HKSE:06689
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Chongqing Hongjiu Fruit Co ROCE % Calculation

Chongqing Hongjiu Fruit Co's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2022 )  (A: Dec. 2021 )(A: Dec. 2022 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2022 )  (A: Dec. 2021 )(A: Dec. 2022 )
=1996.246/( ( (7048.176 - 1605.82) + (10902.259 - 3711.77) )/ 2 )
=1996.246/( (5442.356+7190.489)/ 2 )
=1996.246/6316.4225
=31.60 %

Chongqing Hongjiu Fruit Co's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Jun. 2023 )  (Q: Dec. 2022 )(Q: Jun. 2023 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Jun. 2023 )  (Q: Dec. 2022 )(Q: Jun. 2023 )
=2196.72/( ( (10902.259 - 3711.77) + (12347.241 - 4098.027) )/ 2 )
=2196.72/( ( 7190.489 + 8249.214 )/ 2 )
=2196.72/7719.8515
=28.46 %

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

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 28.46% mean?
Chongqing Hongjiu Fruit Co (HKSE:06689) has a ROCE % of 28.46% as of Jun. 2023.
Is Chongqing Hongjiu Fruit Co's ROCE % too high?
Chongqing Hongjiu Fruit Co's current ROCE % is 28.46%. The Retail - Defensive industry median ROCE % is 9.34. Chongqing Hongjiu Fruit Co's value of 28.46% is 204.9% above this industry median. Overall, Chongqing Hongjiu Fruit Co has a GF Score™ of 27/100, reflecting its overall financial health beyond just this single metric.
How does Chongqing Hongjiu Fruit Co's ROCE % compare to SYY and USFD?
Chongqing Hongjiu Fruit Co's ROCE % of 28.46% can be compared against companies in the Retail - Defensive industry. The industry median ROCE % is 9.34. Chongqing Hongjiu Fruit Co's value of 28.46% is 204.9% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Retail - Defensive company?
The median ROCE % among Retail - Defensive companies is 9.34, based on 306 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Chongqing Hongjiu Fruit Co's current ROCE % of 28.46% is 204.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Retail - Defensive industry, the median ROCE % is 9.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chongqing Hongjiu Fruit Co's current ROCE % is 28.46%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chongqing Hongjiu Fruit Co stock overvalued right now?
Chongqing Hongjiu Fruit Co (HKSE:06689) has a current ROCE % of 28.46%. The current ROCE % is 28.46% and 204.9% above the Retail - Defensive industry median of 9.34. Chongqing Hongjiu Fruit Co's overall GF Score™ is 27/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Chongqing Hongjiu Fruit Co (HKSE:06689), the current ROCE % is 28.46% as of Jun. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Chongqing Hongjiu Fruit Co Business Description

Address No. 3, Donghu South Road, 24th Floor, Block B, China Railway Fenghui, Yubei District, Chongqing, CHN
Chongqing Hongjiu Fruit Co Ltd is a fast-growing and multi-brand fruit company in China with an end-to-end supply chain. It focuses on managing the entire supply chain for quality fruits grown in China, Thailand and Vietnam.
27GF Score

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ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

HK$1.74
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