Haoxiangni Health Food Co (SZSE:002582) ROCE % : -1.68% (As of Sep. 2024)

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What is Haoxiangni Health 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. Haoxiangni Health Food Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -1.68%.

Haoxiangni Health Food Co ROCE % Historical Data

The historical data trend for Haoxiangni Health 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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Haoxiangni Health Food Co ROCE % Chart

Haoxiangni Health Food Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.34

62.92

1.57

-4.69

-0.68

Haoxiangni Health 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															-1.93	-0.08	1.57	-3.82	-1.68

Haoxiangni Health Food Co ROCE % Calculation

Haoxiangni Health 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 )
	=	-32.283	/	( ( (5239.981 - 647.34)	+	(5621.589 - 766.277) )	/ 2 )
	=	-32.283	/	( (4592.641	+	4855.312)	/ 2 )
	=	-32.283	/	4723.9765
	=	-0.68 %

Haoxiangni Health 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 )
	=	-70.796	/	( ( (5058.575 - 748.725)	+	(4791.692 - 665.226) )	/ 2 )
	=	-70.796	/	( ( 4309.85	+	4126.466 )	/ 2 )
	=	-70.796	/	4218.158
	=	-1.68 %

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

Haoxiangni Health Food Co (SZSE:002582) 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.

Haoxiangni Health Food Co ROCE % Related Terms

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Haoxiangni Health Food Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Haoxiangni Health Food Co Ltd (SZSE:002582) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 199 Zhonghua North Road, Xinzhen City, CHN, 451162

Website

http://www.haoxiangni.cn

Haoxiangni Health Food Co Ltd is engaged in the research, development, manufacture and distribution of jujube series products. It primarily provides convenient jujube series, such as Xinzheng jujubes, Dr. jujubes, royal jujubes, crystal jujubes, fragrant jujubes, and others; jujube chip series, such as strawberry-flavored jujube chips, orange-flavored jujube chips, donkey-hide gelatin jujube chips and other preserved products.

Executives

Shao Yan	Executives
Hu Xiao Song	Independent director
Lu Guo Jie	Executives
Dou Yan Yan	Directors, executives
Shi Ju Ling	Directors, executives
Qiu Hao Qun	Director
Luo Ming Xia	Executives
Shi Qiang	Supervisors
Zhang Wu Xu	Supervisors
Chang Guo Jie	Executives
Wang Wen Jie	Supervisors
Shi Ju Bin	Director
Liu Han Chao	Directors, executives
Kong Qiang	Supervisors

Haoxiangni Health Food Co Headlines

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