Shandong Huifa Foodstuff Co (SHSE:603536) ROCE % : -1.77% (As of Jun. 2024)

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What is Shandong Huifa Foodstuff 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. Shandong Huifa Foodstuff Co's annualized ROCE % for the quarter that ended in Jun. 2024 was -1.77%.

Shandong Huifa Foodstuff Co ROCE % Historical Data

The historical data trend for Shandong Huifa Foodstuff 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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Shandong Huifa Foodstuff Co ROCE % Chart

Shandong Huifa Foodstuff Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.03

6.07

-18.99

-19.44

7.92

Shandong Huifa Foodstuff Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															-6.46	7.14	40.13	-0.36	-1.77

Shandong Huifa Foodstuff Co ROCE % Calculation

Shandong Huifa Foodstuff 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 )
	=	45.061	/	( ( (1606.638 - 1067.344)	+	(1419.78 - 821.073) )	/ 2 )
	=	45.061	/	( (539.294	+	598.707)	/ 2 )
	=	45.061	/	569.0005
	=	7.92 %

Shandong Huifa Foodstuff Co's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	-10.096	/	( ( (1519.991 - 933.115)	+	(1479.676 - 928.256) )	/ 2 )
	=	-10.096	/	( ( 586.876	+	551.42 )	/ 2 )
	=	-10.096	/	569.148
	=	-1.77 %

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

Shandong Huifa Foodstuff Co (SHSE:603536) 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.

Shandong Huifa Foodstuff Co ROCE % Related Terms

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Shandong Huifa Foodstuff Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Shandong Huifa Foodstuff Co Ltd (SHSE:603536) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

139 Shuncheng Road, Shandong Province, Zhucheng, CHN, 262200

Website

http://www.huifafoods.com

Shandong Huifa Foodstuff Co Ltd is a China based company engages in the research and development, production and sales of frozen food products. Its products include frozen noodles and meat, ready-to-eat meatballs, fried food, pre-packaged food, vegetables, sausage, seafood, meal food and other frozen food and beverages.

Executives

Zang Fang Yun	senior management
Jie Pei Jin	senior management
Wang Rui Rong	senior management
Song Zhang Wei	Director
Zhang Qing Yu	senior management
Wei Xue Jun	senior management
Hui Zeng Yu	Directors, senior managers
Meng Gao Dong	senior management

Shandong Huifa Foodstuff Co Headlines

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