Shiyue Daotian Group Co (HKSE:09676) ROCE % : 8.36% (As of Jun. 2024)

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What is Shiyue Daotian Group 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. Shiyue Daotian Group Co's annualized ROCE % for the quarter that ended in Jun. 2024 was 8.36%.

Shiyue Daotian Group Co ROCE % Historical Data

The historical data trend for Shiyue Daotian Group 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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Shiyue Daotian Group Co ROCE % Chart

Shiyue Daotian Group Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

5.84

-11.16

-23.82

-1.63

Shiyue Daotian Group Co Semi-Annual Data
	Dec20	Dec21	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial			-	-	-1.38	-1.81	8.36

Shiyue Daotian Group Co ROCE % Calculation

Shiyue Daotian Group 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 )
	=	-51.91	/	( ( (3419.997 - 831.792)	+	(5178.836 - 1406.022) )	/ 2 )
	=	-51.91	/	( (2588.205	+	3772.814)	/ 2 )
	=	-51.91	/	3180.5095
	=	-1.63 %

Shiyue Daotian Group Co'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 )
	=	317.762	/	( ( (5178.836 - 1406.022)	+	(4676.972 - 847.159) )	/ 2 )
	=	317.762	/	( ( 3772.814	+	3829.813 )	/ 2 )
	=	317.762	/	3801.3135
	=	8.36 %

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

Shiyue Daotian Group Co (HKSE:09676) 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.

Shiyue Daotian Group Co ROCE % Related Terms

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Shiyue Daotian Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Shiyue Daotian Group Co Ltd (HKSE:09676) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2nd Floor, Building A, Yisha Wenxin Plaza, Chaoyang, Beijing, CHN

Website

https://www.shiyuedaotian.com

Shiyue Daotian Group Co Ltd is a Chinese pantry staple food company that offers pre-packaged rice, whole grains, beans, and dried food products. It has a strong brand presence across multiple channels. The company has three main segments which includes Rice Products: in this division makes different types of packaged rice. Whole Grain, Bean, and Other Products in this here they produce packaged mixes of brown rice, millet, red beans, sesame, and more. Dried Food and Other Products in this segment handles packaged dried mushrooms, lotus seeds, and related by-products such as bran and husk.

Executives

Mubadala Investment Company P.j.s.c
Mic Capital Management 81 Rsc Ltd
Mic Capital Management (restricted) 7 Ltd
Ubs Trustees (b.v.i.) Limited	2301 Trustee
Genbridge Capital Fund I Gp, Ltd.
Shen Yang Hong Sheng Qi Ye Guan Li Zi Xun You Xian Gong Si	2201 Interest of corporation controlled by you
Shen Yang Shi Yue Zhong Xin Qi Ye Guan Li Zi Xun He Huo Qi Ye You Xian He Huo	2101 Beneficial owner
Shen Yang Sheng Xin Qi Ye Guan Li Zi Xun You Xian Gong Si	2201 Interest of corporation controlled by you
Shen Yang Shi Yue Dao Tian Qi Ye Guan Li Zi Xun He Huo Qi Ye You Xian He Huo	2101 Beneficial owner
Shu Minghe	2201 Interest of corporation controlled by you
Shen Yang Shi Yue Jin Feng Qi Ye Guan Li Zi Xun You Xian Gong Si	2201 Interest of corporation controlled by you
Zhao Wenjun	2202 Interest of your spouse
Wang Bing	2201 Interest of corporation controlled by you
Max Smart Limited	2201 Interest of corporation controlled by you
Liu Qiangdong Richard	2305 Beneficiary of a trust

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