Xiangpiaopiao Food Co (SHSE:603711) ROCE % : 6.98% (As of Sep. 2024)

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What is Xiangpiaopiao Food 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. Xiangpiaopiao Food Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 6.98%.

Xiangpiaopiao Food Co ROCE % Historical Data

The historical data trend for Xiangpiaopiao Food 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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Xiangpiaopiao Food Co ROCE % Chart

Xiangpiaopiao Food Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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18.76

17.39

10.36

9.66

10.67

Xiangpiaopiao Food 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															7.30	44.59	3.55	-8.92	6.98

Xiangpiaopiao Food Co ROCE % Calculation

Xiangpiaopiao Food 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 )
	=	355.002	/	( ( (5043.951 - 1840.067)	+	(5235.444 - 1785.708) )	/ 2 )
	=	355.002	/	( (3203.884	+	3449.736)	/ 2 )
	=	355.002	/	3326.81
	=	10.67 %

Xiangpiaopiao Food 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 )
	=	231.032	/	( ( (4314.228 - 1028.632)	+	(4892.531 - 1557.978) )	/ 2 )
	=	231.032	/	( ( 3285.596	+	3334.553 )	/ 2 )
	=	231.032	/	3310.0745
	=	6.98 %

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

Xiangpiaopiao Food Co (SHSE:603711) 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.

Xiangpiaopiao Food Co ROCE % Related Terms

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Xiangpiaopiao Food Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Xiangpiaopiao Food Co Ltd (SHSE:603711) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Venture Avenue 888, Economic and Technological Development Zone, Huzhou, CHN, 313000

Website

http://www.zjxpp.com

Xiangpiaopiao Food Co Ltd is a tea manufacturer. The company is engaged in research and development, production and sales of food products like tea, instant noodles, and casual peanut products. It manufactures ready to eat packed products.

Executives

Yang Dong Yun	Directors, senior managers
Zou Yong Jian	Directors, senior managers
Yang Jing	Directors, senior managers
Jiang Jian Qi	Director
Li Chao Nan	senior management
Gou Zhen Hai	Directors, senior managers
Cai Jian Feng	Director
Wang Qiu Yue	Supervisors

Xiangpiaopiao Food Co Headlines

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