Jinzi Ham Co (SZSE:002515) ROCE % : 4.08% (As of Mar. 2024)

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What is Jinzi Ham 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. Jinzi Ham Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.08%.

Jinzi Ham Co ROCE % Historical Data

The historical data trend for Jinzi Ham 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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Jinzi Ham Co ROCE % Chart

Jinzi Ham Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.56

4.88

3.27

4.09

2.22

Jinzi Ham 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															4.78	3.32	-2.49	4.23	4.08

Jinzi Ham Co ROCE % Calculation

Jinzi Ham 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 )
	=	45.781	/	( ( (1586.144 - 54.513)	+	(2647.559 - 53.086) )	/ 2 )
	=	45.781	/	( (1531.631	+	2594.473)	/ 2 )
	=	45.781	/	2063.052
	=	2.22 %

Jinzi Ham 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 )
	=	106.448	/	( ( (2647.559 - 53.086)	+	(2769.863 - 146.984) )	/ 2 )
	=	106.448	/	( ( 2594.473	+	2622.879 )	/ 2 )
	=	106.448	/	2608.676
	=	4.08 %

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

Jinzi Ham Co (SZSE:002515) 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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Jinzi Ham Co (SZSE:002515) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Jinzi Ham Co Ltd (SZSE:002515) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1000 Jinfan Street, Jinhua, CHN, 321016

Website

http://www.jinzichina.com

Jinzi Ham Co Ltd is a China-based company engaged in the processing and sales of meat products and related by-products. Its main products include ham and ham-related products, as well as featured pure meat products. It is also engaged in the cold chain logistics businesses. The company distributes its products mainly in the domestic market.

Executives

Ma Bo Qian	Independent director
Shi Yan Jun	Director
Xia Fan Lin	Supervisors
Wang Qi Hui	Directors, Directors, and Executives
Wu Yue Xiao	Directors, executives
Xue Zhang Huang	Director
Ma Xiao Zhong	Executives
Zhu Mei Dan	Executives
Zhang Yue Ai	Director
Chen Shun Tong	Supervisors
Zhu Ren Hua	Independent director
Wang Wei Ting	Directors, Directors, and Executives
Wu Xue Song	Supervisors
Hu Kui	Supervisors
Shi Yan Zhu	Director

Jinzi Ham Co (SZSE:002515) Headlines

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