Shanxi Xinghuacun Fen Wine Factory Co (SHSE:600809) ROCE % : 47.29% (As of Sep. 2024)

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What is Shanxi Xinghuacun Fen Wine Factory 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. Shanxi Xinghuacun Fen Wine Factory Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 47.29%.

Shanxi Xinghuacun Fen Wine Factory Co ROCE % Historical Data

The historical data trend for Shanxi Xinghuacun Fen Wine Factory 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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Shanxi Xinghuacun Fen Wine Factory Co ROCE % Chart

Shanxi Xinghuacun Fen Wine Factory Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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39.77

46.87

54.87

57.96

56.09

Shanxi Xinghuacun Fen Wine Factory 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															53.40	20.75	104.39	35.12	47.29

Shanxi Xinghuacun Fen Wine Factory Co ROCE % Calculation

Shanxi Xinghuacun Fen Wine Factory 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 )
	=	14244.851	/	( ( (36690.582 - 14846.455)	+	(44095.838 - 15146.667) )	/ 2 )
	=	14244.851	/	( (21844.127	+	28949.171)	/ 2 )
	=	14244.851	/	25396.649
	=	56.09 %

Shanxi Xinghuacun Fen Wine Factory 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 )
	=	15772.86	/	( ( (51975.585 - 20099.193)	+	(49738.128 - 14904.281) )	/ 2 )
	=	15772.86	/	( ( 31876.392	+	34833.847 )	/ 2 )
	=	15772.86	/	33355.1195
	=	47.29 %

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

Shanxi Xinghuacun Fen Wine Factory Co (SHSE:600809) 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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Shanxi Xinghuacun Fen Wine Factory Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Shanxi Xinghuacun Fen Wine Factory Co Ltd (SHSE:600809) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Xinghua Village, Fenyang County, Shanxi, Lvliang, CHN, 032205

Website

http://www.fenjiu.com.cn

Shanxi Fen Wine, or Fen Wine, is a typical light-flavored baijiu, featuring a fresher, lighter, and purer-taste compared with jiang-flavored and rich-flavored spirits. The company offers a comprehensive product portfolio, covering sub-premium, mid- to high range, and low-end products. The mid- to high-end baijiu contributed about 96% of the company's sales revenue in 2023, including sub-premium brand Qinghua, midrange products Panama and Laobaifen. The State-Owned Assets Supervision and Administration Commission of Shanxi province controls 51% of Fen Wine.

Executives

Du Xiao Wei	senior management
Zhang Yong Yong	senior management
Gao Zhi Feng	senior management
Li Jun	senior management
Wang Tao	senior management
Ma Shi Biao	senior management
Li Cheng Gang	senior management
Wu Shi Jie	senior management
Wu Ai Dong	senior management
Hao Guang Ling	senior management
Song Qing Nian	senior management
Yang Bo	Director
Li Ming Qiang	Director
Zhao Hai Gen	Supervisors
Zhao Ling	senior management

Shanxi Xinghuacun Fen Wine Factory Co Headlines

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