Zhejiang Guyuelongshan Shaoxing Wine Co (SHSE:600059) ROCE % : 6.67% (As of Dec. 2024)

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What is Zhejiang Guyuelongshan Shaoxing Wine 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. Zhejiang Guyuelongshan Shaoxing Wine Co's annualized ROCE % for the quarter that ended in Dec. 2024 was 6.67%.

Zhejiang Guyuelongshan Shaoxing Wine Co ROCE % Historical Data

The historical data trend for Zhejiang Guyuelongshan Shaoxing Wine 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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Zhejiang Guyuelongshan Shaoxing Wine Co ROCE % Chart

Zhejiang Guyuelongshan Shaoxing Wine Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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4.66

5.44

4.75

9.45

4.73

Zhejiang Guyuelongshan Shaoxing Wine Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															25.27	5.87	2.81	3.63	6.67

Zhejiang Guyuelongshan Shaoxing Wine Co ROCE % Calculation

Zhejiang Guyuelongshan Shaoxing Wine Co's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	279.451	/	( ( (6844.232 - 979.418)	+	(6920.68 - 975.761) )	/ 2 )
	=	279.451	/	( (5864.814	+	5944.919)	/ 2 )
	=	279.451	/	5904.8665
	=	4.73 %

Zhejiang Guyuelongshan Shaoxing Wine Co's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	394.24	/	( ( (6456.676 - 580.475)	+	(6920.68 - 975.761) )	/ 2 )
	=	394.24	/	( ( 5876.201	+	5944.919 )	/ 2 )
	=	394.24	/	5910.56
	=	6.67 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2024) EBIT data.

Zhejiang Guyuelongshan Shaoxing Wine Co (SHSE:600059) 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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Zhejiang Guyuelongshan Shaoxing Wine Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Zhejiang Guyuelongshan Shaoxing Wine Co Ltd (SHSE:600059) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Beihai Bridge, Shaoxing, Zhejiang, CHN, 312000

Website

http://www.shaoxingwine.com.cn

Zhejiang Guyuelongshan Shaoxing Wine Co Ltd is a China-based company engaged in the production and distribution of Chinese rice wine. Its main products consist of raw Chinese rice wine, bottled Chinese rice wine and a relatively small amount of fruit wine and distilled spirit. The company owns a range of brands including Gu Yue Long Shan, Nv Er Hong, Champion Red, Shen Yonghe as well as Jian Hu, among others.

Executives

Yang Wen Long	Supervisors
Hu Zhi Ming	senior management
Liu Jian	senior management
Wan Long	senior management
Liu Hong Lin	Supervisors
Wang Ling Ling	Director
Xu Dong Liang	Director
Meng Zhong Fa	Supervisors
Fu Bao Wei	Director
Dong Yong Jiu	Director
Sun Yong Gen	Supervisors
He Feng	Director

Zhejiang Guyuelongshan Shaoxing Wine Co Headlines

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