Anhui Yingjia Distillery Co (SHSE:603198) ROCE % : 36.36% (As of Sep. 2024)

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What is Anhui Yingjia Distillery 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. Anhui Yingjia Distillery Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 36.36%.

Anhui Yingjia Distillery Co ROCE % Historical Data

The historical data trend for Anhui Yingjia Distillery 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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Anhui Yingjia Distillery Co ROCE % Chart

Anhui Yingjia Distillery Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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26.81

24.71

31.66

33.06

37.49

Anhui Yingjia Distillery 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															38.67	39.05	53.12	26.35	36.36

Anhui Yingjia Distillery Co ROCE % Calculation

Anhui Yingjia Distillery 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 )
	=	2931.186	/	( ( (10060.234 - 2964.267)	+	(11688.756 - 3146.285) )	/ 2 )
	=	2931.186	/	( (7095.967	+	8542.471)	/ 2 )
	=	2931.186	/	7819.219
	=	37.49 %

Anhui Yingjia Distillery 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 )
	=	3324.356	/	( ( (11297.018 - 2451.76)	+	(12057.13 - 2617.84) )	/ 2 )
	=	3324.356	/	( ( 8845.258	+	9439.29 )	/ 2 )
	=	3324.356	/	9142.274
	=	36.36 %

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

Anhui Yingjia Distillery Co (SHSE:603198) 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.

Anhui Yingjia Distillery Co ROCE % Related Terms

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Anhui Yingjia Distillery Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Anhui Yingjia Distillery Co Ltd (SHSE:603198) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Huoshan County Buddha Zhen, Liuan, CHN, 237271

Website

http://www.yingjia.cn

Anhui Yingjia, or Yingjia, is the second-largest baijiu distiller in Anhui province by sales revenue in 2023. The company produces rich-flavored baijiu, and it is one of the well-known brands in the mainstream market in Anhui and its surrounding provinces. Its flagship product, the Dongcang Yearly series, contributed about 45% of company sales in 2023. Yingjia is 72% held by Anhui Yingjia Group, following a management buyout in 1997, so ownership comprises mainly Yingjia's management and core employees.

Executives

Guang Jia Quan

Director

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