Shandong Fengxiang Co (HKSE:09977) ROCE % : 2.98% (As of Jun. 2024)

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What is Shandong Fengxiang 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. Shandong Fengxiang Co's annualized ROCE % for the quarter that ended in Jun. 2024 was 2.98%.

Shandong Fengxiang Co ROCE % Historical Data

The historical data trend for Shandong Fengxiang 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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Shandong Fengxiang Co ROCE % Chart

Shandong Fengxiang Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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43.16

6.99

2.60

-17.78

7.59

Shandong Fengxiang Co Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial									-0.92	-37.53	8.38	6.89	2.98

Shandong Fengxiang Co ROCE % Calculation

Shandong Fengxiang 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 )
	=	279.032	/	( ( (5840.552 - 2387.083)	+	(5531.312 - 1632.1) )	/ 2 )
	=	279.032	/	( (3453.469	+	3899.212)	/ 2 )
	=	279.032	/	3676.3405
	=	7.59 %

Shandong Fengxiang 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 )
	=	116.092	/	( ( (5531.312 - 1632.1)	+	(5466.098 - 1567.41) )	/ 2 )
	=	116.092	/	( ( 3899.212	+	3898.688 )	/ 2 )
	=	116.092	/	3898.95
	=	2.98 %

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

Shandong Fengxiang Co (HKSE:09977) 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.

Shandong Fengxiang Co ROCE % Related Terms

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Shandong Fengxiang Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Shandong Fengxiang Co Ltd (HKSE:09977) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Liumiao Village, Anle Town, Yanggu County, Shandong Province, Liaocheng, CHN

Website

https://www.fengxiang.com

Shandong Fengxiang Co Ltd is a white-feathered broiler producer in the PRC. The company produces its chicken meat products from white-feathered broilers. It also manufactures and markets a wide range of processed chicken meat products. Its main products include chicken meat products, which consist of raw chicken meat products and processed chicken meat products, and chicken breeds.

Executives

Platinum Peony B 2023 Rsc Limited	2101 Beneficial owner
Abu Dhabi Investment Authority	2201 Interest of corporation controlled by you
Pag	2201 Interest of corporation controlled by you
Shan Weijian	2201 Interest of corporation controlled by you
Pag Capital Limited	2201 Interest of corporation controlled by you
Pag Asia Iv Lp	2201 Interest of corporation controlled by you
Pag Asia Capital Gp Iv Limited	2201 Interest of corporation controlled by you
Pacific Alliance Group Limited	2201 Interest of corporation controlled by you
Falcon Holding Lp	2101 Beneficial owner
Falcon Holding Gp Limited	2201 Interest of corporation controlled by you
Shum Yip Investment & Development Company Limited	2201 Interest of corporation controlled by you
Platinum International Investment Holdings Rsc Limited	2201 Interest of corporation controlled by you
Jinyi Capital Multi-strategy Fund Spc Ltd.	2101 Beneficial owner
Hsbc Holdings Plc	2302 Custodian
Futu Trustee Limited	2301 Trustee

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