Kweichow Moutai Co (SHSE:600519) ROCE % : 56.12% (As of Mar. 2024)

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What is Kweichow Moutai 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. Kweichow Moutai Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 56.12%.

Kweichow Moutai Co ROCE % Historical Data

The historical data trend for Kweichow Moutai 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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Kweichow Moutai Co ROCE % Chart

Kweichow Moutai Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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45.50

42.87

40.80

43.56

48.28

Kweichow Moutai Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															53.11	38.89	42.86	54.18	56.12

Kweichow Moutai Co ROCE % Calculation

Kweichow Moutai 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 )
	=	103675.178	/	( ( (254500.826 - 49065.669)	+	(272699.66 - 48697.612) )	/ 2 )
	=	103675.178	/	( (205435.157	+	224002.048)	/ 2 )
	=	103675.178	/	214718.6025
	=	48.28 %

Kweichow Moutai Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	132704.612	/	( ( (272699.66 - 48697.612)	+	(285524.543 - 36626.674) )	/ 2 )
	=	132704.612	/	( ( 224002.048	+	248897.869 )	/ 2 )
	=	132704.612	/	236449.9585
	=	56.12 %

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

Kweichow Moutai Co (SHSE:600519) 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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Kweichow Moutai Co (SHSE:600519) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Kweichow Moutai Co Ltd (SHSE:600519) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Guizhou Province, Maotai Town, Renhuai, CHN, 564501

Website

http://www.moutaichina.com

Kweichow Moutai is one of China's leading liquor producers. The company was established in 1951 and its headquarters is located in Moutai Town, Guizhou province, southwest China. Its core product, 53-degree Feitian Moutai, is known as China's national drink and has been consumed during many high-profile historical and political events. Given its remarkable pricing power, premium product quality, and unparalleled brand strength, the company achieves the industry's highest retail prices and profit margins.

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