Jiangsu King's Luck Brewery Joint-Stock Co (SHSE:603369) ROCE % : 22.34% (As of Sep. 2024)

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What is Jiangsu King's Luck Brewery Joint-Stock 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. Jiangsu King's Luck Brewery Joint-Stock Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 22.34%.

Jiangsu King's Luck Brewery Joint-Stock Co ROCE % Historical Data

The historical data trend for Jiangsu King's Luck Brewery Joint-Stock 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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Jiangsu King's Luck Brewery Joint-Stock Co ROCE % Chart

Jiangsu King's Luck Brewery Joint-Stock Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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28.77

26.66

30.28

32.24

33.76

Jiangsu King's Luck Brewery Joint-Stock 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															24.57	19.94	57.28	33.42	22.34

Jiangsu King's Luck Brewery Joint-Stock Co ROCE % Calculation

Jiangsu King's Luck Brewery Joint-Stock 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 )
	=	4174.851	/	( ( (18183.711 - 6940.697)	+	(21630.648 - 8142.486) )	/ 2 )
	=	4174.851	/	( (11243.014	+	13488.162)	/ 2 )
	=	4174.851	/	12365.588
	=	33.76 %

Jiangsu King's Luck Brewery Joint-Stock 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 )
	=	3352.72	/	( ( (20937.704 - 6254.052)	+	(22386.807 - 7060.109) )	/ 2 )
	=	3352.72	/	( ( 14683.652	+	15326.698 )	/ 2 )
	=	3352.72	/	15005.175
	=	22.34 %

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

Jiangsu King's Luck Brewery Joint-Stock Co (SHSE:603369) 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.

Jiangsu King's Luck Brewery Joint-Stock Co ROCE % Related Terms

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Jiangsu King's Luck Brewery Joint-Stock Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Jiangsu King's Luck Brewery Joint-Stock Co Ltd (SHSE:603369) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 1, Jinshiyuan Avenue, Gaogou Town, Lianshui County, Jiangsu Province, Huaian, CHN, 223411

Website

https://www.jinshiyuan.com.cn

Jiangsu King's Luck Brewery Joint-Stock Co Ltd is a China-based company engages in the manufacturing and distribution of liquor. It is engaged in the manufacture and sale of Distilled spirit wine. It also offers pre-packaged food. The company conducts its businesses mainly within Jiangsu province.

Executives

Zhou Su Ming	Director
Yang Dong	senior management
Ni Cong Chun	Supervisors
Wu Jian Feng	Directors, senior managers
Wang Wei Dong	Directors, senior managers
Lu Ke Jia	senior management
Yan Han Zhong	senior management
Zhu Huai Bao	Supervisors

Jiangsu King's Luck Brewery Joint-Stock Co Headlines

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