Yantai Shuangta Food Co (SZSE:002481) ROCE % : 5.62% (As of Mar. 2024)

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What is Yantai Shuangta 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. Yantai Shuangta Food Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.62%.

Yantai Shuangta Food Co ROCE % Historical Data

The historical data trend for Yantai Shuangta 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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Yantai Shuangta Food Co ROCE % Chart

Yantai Shuangta Food Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.71

14.80

11.54

-12.55

3.47

Yantai Shuangta Food Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-10.78	0.24	9.97	14.31	5.62

Yantai Shuangta Food Co ROCE % Calculation

Yantai Shuangta 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 )
	=	92.19	/	( ( (3923.899 - 1389.044)	+	(3804.58 - 1031.12) )	/ 2 )
	=	92.19	/	( (2534.855	+	2773.46)	/ 2 )
	=	92.19	/	2654.1575
	=	3.47 %

Yantai Shuangta Food Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	157.752	/	( ( (3804.58 - 1031.12)	+	(4102.515 - 1259.993) )	/ 2 )
	=	157.752	/	( ( 2773.46	+	2842.522 )	/ 2 )
	=	157.752	/	2807.991
	=	5.62 %

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

Yantai Shuangta Food Co (SZSE:002481) 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.

Yantai Shuangta Food Co ROCE % Related Terms

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Yantai Shuangta Food Co (SZSE:002481) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Yantai Shuangta Food Co Ltd (SZSE:002481) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Jinling Town, Zhaoyuan city, Shandong province, CHN, 265404

Website

http://www.shuangtafensi.com

Yantai Shuangta Food Co Ltd is engaged in the production of vermicelli in China. The company's main products include pure bean vermicelli, grain vermicelli, sweet potato vermicelli, pea protein, dietary fiber and edible fungus, among others.

Executives

Li Yu Lin	Directors, executives
Liu Shu Xian	Director
Ma Ju Ping	Supervisors
Yang Jun Min	Director
Sui Jun Mei	Directors, executives
Zhang Dai Min	Directors, executives
Ma Dian Yun	Supervisors
Zhao Xue Wei	Independent director
Li Na Jun	Securities Affairs Representative
Wang Mei Rong	Supervisors
Shao Wan Bin	Director

Yantai Shuangta Food Co (SZSE:002481) Headlines

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