Shan Dong Yisheng Livestock & Poultry Breeding Co (SZSE:002458) ROCE % : 11.24% (As of Sep. 2024)

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What is Shan Dong Yisheng Livestock & Poultry Breeding 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. Shan Dong Yisheng Livestock & Poultry Breeding Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 11.24%.

Shan Dong Yisheng Livestock & Poultry Breeding Co ROCE % Historical Data

The historical data trend for Shan Dong Yisheng Livestock & Poultry Breeding 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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Shan Dong Yisheng Livestock & Poultry Breeding Co ROCE % Chart

Shan Dong Yisheng Livestock & Poultry Breeding Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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81.94

3.14

0.76

-8.90

14.54

Shan Dong Yisheng Livestock & Poultry Breeding 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															14.37	-14.09	9.98	6.96	11.24

Shan Dong Yisheng Livestock & Poultry Breeding Co ROCE % Calculation

Shan Dong Yisheng Livestock & Poultry Breeding 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 )
	=	597.526	/	( ( (5934.367 - 2578.455)	+	(6574.995 - 1710.439) )	/ 2 )
	=	597.526	/	( (3355.912	+	4864.556)	/ 2 )
	=	597.526	/	4110.234
	=	14.54 %

Shan Dong Yisheng Livestock & Poultry Breeding 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 )
	=	537.784	/	( ( (6330.433 - 1581.812)	+	(7193.551 - 2369.731) )	/ 2 )
	=	537.784	/	( ( 4748.621	+	4823.82 )	/ 2 )
	=	537.784	/	4786.2205
	=	11.24 %

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

Shan Dong Yisheng Livestock & Poultry Breeding Co (SZSE:002458) 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.

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Shan Dong Yisheng Livestock & Poultry Breeding Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Shan Dong Yisheng Livestock & Poultry Breeding Co Ltd (SZSE:002458) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Chaoyang Street, Shandong Province, Yantai, CHN, 265508

Website

http://www.yishenggufen.com

Shan Dong Yisheng Livestock & Poultry Breeding Co Ltd is principally engaged in chicken breeding in China.

Executives

Cao Ji Sheng	Directors, executives
Zhao Gui Ping	Independent director
Qu Li Xin	Directors, executives
Ji Yong Mei	Directors, Directors, and Executives
Geng Pei Liang	Director
Gong Xin Min	Directors, executives
Lin Jie	Directors, executives
Yin Tao	Securities Affairs Representative
Sun Xiu Ni	Supervisors
Cao Xue Hong	Supervisors
Tang Wen Tao	Securities Affairs Representative
Jiang Tai Bang	Directors, executives
Chi Han Dong	Directors, executives
Ren Sheng Hao	Supervisors
Li Xiu Guo	Supervisors

Shan Dong Yisheng Livestock & Poultry Breeding Co Headlines

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