Wellhope Foods Co (SHSE:603609) ROCE % : 14.86% (As of Sep. 2024)

View and export this data going back to 2014. Start your Free Trial

What is Wellhope Foods 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. Wellhope Foods Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 14.86%.

Wellhope Foods Co ROCE % Historical Data

The historical data trend for Wellhope Foods 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.

* Premium members only.

Wellhope Foods Co ROCE % Chart

Wellhope Foods Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

29.78

20.59

3.16

7.85

-2.79

Wellhope Foods 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															5.16	-19.25	-2.34	4.06	14.86

Wellhope Foods Co ROCE % Calculation

Wellhope Foods 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 )
	=	-301.704	/	( ( (15427.594 - 4154.985)	+	(14937.115 - 4558.424) )	/ 2 )
	=	-301.704	/	( (11272.609	+	10378.691)	/ 2 )
	=	-301.704	/	10825.65
	=	-2.79 %

Wellhope Foods 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 )
	=	1660.12	/	( ( (14853.927 - 3809.383)	+	(15286.851 - 3989.994) )	/ 2 )
	=	1660.12	/	( ( 11044.544	+	11296.857 )	/ 2 )
	=	1660.12	/	11170.7005
	=	14.86 %

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

Wellhope Foods Co (SHSE:603609) 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.

Wellhope Foods Co ROCE % Related Terms

Thank you for viewing the detailed overview of Wellhope Foods Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Wellhope Foods Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Wellhope Foods Co Ltd (SHSE:603609) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 169, Huishan Street, Shenbei New District, Liaoning Province, Shenyang, CHN, 110164

Website

http://www.wellhope-ag.com

Wellhope Foods Co Ltd is an animal husbandry company. The company's primary businesses include animal feed, feed raw materials trade, broiler integration, and swine trading. It is also involved in veterinary drugs, farming equipment manufacturing, pet clinic, etc. The company generates maximum revenue from feed products followed by broiler integration and raw materials trade. Its feed product line includes premix feed, concentrated feed, and compound feed.

Executives

Zhao Xin	Director
Wang Feng Jiu	senior management
Shao Cai Mei	Directors, senior managers
Wang Zhong Tao	Supervisors
Ding Yun Feng	Director
Jin Wei Dong	Director
Gao Quan Li	senior management
Sun Li Ge	senior management
Zhang Wen Liang	Director
Wang Xue Qiang	senior management
Wang Zhen Yong	senior management
Di Guo	senior management

Wellhope Foods Co Headlines

No Headlines