Henan Huaying Agricultural Development Co (SZSE:002321) ROCE % : 8.17% (As of Sep. 2024)

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What is Henan Huaying Agricultural Development 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. Henan Huaying Agricultural Development Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 8.17%.

Henan Huaying Agricultural Development Co ROCE % Historical Data

The historical data trend for Henan Huaying Agricultural Development 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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Henan Huaying Agricultural Development Co ROCE % Chart

Henan Huaying Agricultural Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.97

-33.66

-88.99

-18.09

5.96

Henan Huaying Agricultural Development 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															7.95	2.36	6.65	9.74	8.17

Henan Huaying Agricultural Development Co ROCE % Calculation

Henan Huaying Agricultural Development 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 )
	=	149.376	/	( ( (3529.51 - 1038.823)	+	(3679.003 - 1160.683) )	/ 2 )
	=	149.376	/	( (2490.687	+	2518.32)	/ 2 )
	=	149.376	/	2504.5035
	=	5.96 %

Henan Huaying Agricultural Development 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 )
	=	208.2	/	( ( (3824.139 - 1252.278)	+	(3919.725 - 1395.1) )	/ 2 )
	=	208.2	/	( ( 2571.861	+	2524.625 )	/ 2 )
	=	208.2	/	2548.243
	=	8.17 %

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

Henan Huaying Agricultural Development Co (SZSE:002321) 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.

Henan Huaying Agricultural Development Co ROCE % Related Terms

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Henan Huaying Agricultural Development Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Henan Huaying Agricultural Development Co Ltd (SZSE:002321) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1 Industrial Avenue, Industrial Cluster, Henan Province, Huangchuan County, CHN, 465150

Website

http://www.hua-ying.com

Henan Huaying Agricultural Development Co Ltd is a China-based company primarily engaged in the breeding, processing, and sale of poultry. Major products include frozen duck, chicken products, feedstuffs, and breeder eggs.

Executives

Xu Shui Jun	Directors, executives
Ding Qing Bo	Supervisors
Gong Bao Feng	Directors, executives
Hu Kui	Executives
Zhang Jia Ming	Executives
Zhang Yong	Directors, executives
Li Ling Ge	Supervisors
Zhu Ming Hong	Director
Min Qun	Directors, executives
Du Dao Feng	Directors, executives
Cao Jia Fu	Directors, executives
Wang Kai Jiang	Directors, executives
Zhu Min Chuan	Director
Li Shi Liang	Executives
Yang Zhi Ming	Supervisors

Henan Huaying Agricultural Development Co Headlines

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