Zhongnongfa Seed Industry Group Co (SHSE:600313) ROCE % : 1.42% (As of Sep. 2024)

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What is Zhongnongfa Seed Industry 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. Zhongnongfa Seed Industry Group Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 1.42%.

Zhongnongfa Seed Industry Group Co ROCE % Historical Data

The historical data trend for Zhongnongfa Seed Industry 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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Zhongnongfa Seed Industry Group Co ROCE % Chart

Zhongnongfa Seed Industry Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.86

3.03

4.60

15.08

7.87

Zhongnongfa Seed Industry Group Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															5.57	9.07	9.30	2.78	1.42

Zhongnongfa Seed Industry Group Co ROCE % Calculation

Zhongnongfa Seed Industry 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 )
	=	244.142	/	( ( (4004.51 - 1207.136)	+	(4832.213 - 1422.968) )	/ 2 )
	=	244.142	/	( (2797.374	+	3409.245)	/ 2 )
	=	244.142	/	3103.3095
	=	7.87 %

Zhongnongfa Seed Industry Group Co's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	49.428	/	( ( (4679.407 - 1160.625)	+	(5218.613 - 1760.835) )	/ 2 )
	=	49.428	/	( ( 3518.782	+	3457.778 )	/ 2 )
	=	49.428	/	3488.28
	=	1.42 %

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

Zhongnongfa Seed Industry Group Co (SHSE:600313) 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.

Zhongnongfa Seed Industry Group Co ROCE % Related Terms

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Zhongnongfa Seed Industry Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Zhongnongfa Seed Industry Group Co Ltd (SHSE:600313) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 31, Minfeng Hutong, Room 318, Building 5, Xicheng District, Beijing, CHN, 100026

Website

http://www.znfzy.com

Zhongnongfa Seed Industry Group Co Ltd is engaged in the planting, processing, and distribution of agricultural produce. The Company also produces fertilizer and engages in agricultural product trading. It offers wheat, rice, corn, cotton, rape, sesame, sugar cane, and potato seeds; pesticides and fertilizers; and agricultural services. Geographically the activities are carried out through China.

Executives

Huang Jin Jian	senior management
Huang Jin Jian Hua Ken Jian Shi Zhang	senior management
Huang Jin Jian Da Hua Fu Dong Shi Zhang	senior management
Huang Jin Jian Gong Si Dang Zong Zhi Shu Ji	senior management
Wang Yan	senior management
Wang Yan Da Hua Gong Si Dong Shi	senior management

Zhongnongfa Seed Industry Group Co Headlines

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