Shandong Delisi Food Co (SZSE:002330) ROCE % : -0.59% (As of Sep. 2024)

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What is Shandong Delisi 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. Shandong Delisi Food Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -0.59%.

Shandong Delisi Food Co ROCE % Historical Data

The historical data trend for Shandong Delisi 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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Shandong Delisi Food Co ROCE % Chart

Shandong Delisi Food Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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1.01

3.96

4.82

2.95

-1.04

Shandong Delisi 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															0.04	-9.60	2.87	0.64	-0.59

Shandong Delisi Food Co ROCE % Calculation

Shandong Delisi 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 )
	=	-26.46	/	( ( (3469.509 - 915.396)	+	(3347.283 - 835.947) )	/ 2 )
	=	-26.46	/	( (2554.113	+	2511.336)	/ 2 )
	=	-26.46	/	2532.7245
	=	-1.04 %

Shandong Delisi 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 )
	=	-14.608	/	( ( (3338.743 - 838.221)	+	(3371.53 - 879.194) )	/ 2 )
	=	-14.608	/	( ( 2500.522	+	2492.336 )	/ 2 )
	=	-14.608	/	2496.429
	=	-0.59 %

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

Shandong Delisi Food Co (SZSE:002330) 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 Delisi Food Co ROCE % Related Terms

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Shandong Delisi Food Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Shandong Delisi Food Co Ltd (SZSE:002330) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Delis Industrial Park, Shandong Province, Zhucheng, CHN, 262216

Website

http://www.delisi.com.cn

Shandong Delisi Food Co Ltd is a China-based company engaged in the slaughtering of pigs, cooling of meat, low-temperature meat products and processing of processed foods.

Executives

Chen Lin	Executives
Zheng Si Min	Director
Wang Song	Directors, executives
Yu Rui Bo	Directors, executives
Zheng Qian Kun	Supervisors
Zheng Hong Guang	Executives
Zheng Ai Hong	Supervisors
Cai Cheng	Executives

Shandong Delisi Food Co Headlines

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