Zhejiang Wufangzhai Industry Co (SHSE:603237) ROCE % : -5.39% (As of Sep. 2024)

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What is Zhejiang Wufangzhai Industry 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 Wufangzhai Industry Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -5.39%.

Zhejiang Wufangzhai Industry Co ROCE % Historical Data

The historical data trend for Zhejiang Wufangzhai Industry 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 Wufangzhai Industry Co ROCE % Chart

Zhejiang Wufangzhai Industry Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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30.16

25.10

27.28

14.77

11.58

Zhejiang Wufangzhai Industry Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial												-2.76	-22.97	-15.94	79.85	-5.39

Zhejiang Wufangzhai Industry Co ROCE % Calculation

Zhejiang Wufangzhai Industry 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 )
	=	212.525	/	( ( (2382.091 - 550.761)	+	(2335.699 - 497.193) )	/ 2 )
	=	212.525	/	( (1831.33	+	1838.506)	/ 2 )
	=	212.525	/	1834.918
	=	11.58 %

Zhejiang Wufangzhai Industry 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 )
	=	-104.416	/	( ( (2968.063 - 946.78)	+	(2516.125 - 661.485) )	/ 2 )
	=	-104.416	/	( ( 2021.283	+	1854.64 )	/ 2 )
	=	-104.416	/	1937.9615
	=	-5.39 %

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

Zhejiang Wufangzhai Industry Co (SHSE:603237) 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.

Zhejiang Wufangzhai Industry Co ROCE % Related Terms

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Zhejiang Wufangzhai Industry Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Zhejiang Wufangzhai Industry Co Ltd (SHSE:603237) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 2946, Zhongshan West Road, Xiuzhou District, Zhejiang Province, Jiaxing, CHN, 314000

Website

https://www.wufangzhai.com

Zhejiang Wufangzhai Industry Co Ltd is engaged in the research and development, production and sales of glutinous rice food.

Executives

Yu Ying Qian	senior management
Huang Jin Yang	senior management
Ma Jian Zhong	Directors, senior managers
Xu Wei	senior management
Shen Yan Ping	senior management
Chen Chuan Liang	Directors, senior managers
Ma Dong Da	senior management
Wei Rong Ming	Director
Hu Jian Min	Supervisors

Zhejiang Wufangzhai Industry Co Headlines

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