Beingmate Co (SZSE:002570) ROCE % : 7.49% (As of Sep. 2024)

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What is Beingmate 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. Beingmate Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 7.49%.

Beingmate Co ROCE % Historical Data

The historical data trend for Beingmate 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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Beingmate Co ROCE % Chart

Beingmate Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-1.64

-12.56

8.46

-6.02

6.29

Beingmate 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															4.49	1.98	9.26	13.36	7.49

Beingmate Co ROCE % Calculation

Beingmate 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 )
	=	106.271	/	( ( (3877.109 - 2202.593)	+	(3900.1 - 2195.884) )	/ 2 )
	=	106.271	/	( (1674.516	+	1704.216)	/ 2 )
	=	106.271	/	1689.366
	=	6.29 %

Beingmate 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 )
	=	122.536	/	( ( (3729.716 - 2093.164)	+	(3643.241 - 2008.973) )	/ 2 )
	=	122.536	/	( ( 1636.552	+	1634.268 )	/ 2 )
	=	122.536	/	1635.41
	=	7.49 %

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

Beingmate Co (SZSE:002570) 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.

Beingmate Co ROCE % Related Terms

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Beingmate Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Beingmate Co Ltd (SZSE:002570) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Building 10, Number 1, Weiye Road, Binjiang District, Zhejiang, Hangzhou, CHN, 310 053

Website

http://www.beingmate.com

Beingmate Co Ltd is engaged in the research, development, production, and sale of children's food and nutritious food products in China. The company also wholesales and retails pre-packaged foods; and dairy products, including infant formula milk powder, as well as provides related consulting services.

Executives

Gao Qiang	Independent director
He Xiao Hua	Director
Zhang Hong Zhao	Executives
Bao Chen	Directors, Directors, and Executives
Huang Dao	Directors, executives
Li Zhong Ying	Supervisors
Shen Li Jun	Directors, executives
Chai Ling Ying	Supervisors
Lin Bi Qing	Director
Zhang Jian Ping	Independent director
Ruan Jian Hua	Executives
Chen Hui Xiang	Director
Zheng Yan Hai	Supervisors

Beingmate Co Headlines

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