Qinghai Huzhu TianYouDe Highland Barley Spirit Co (SZSE:002646) ROCE % : 19.01% (As of Mar. 2024)

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What is Qinghai Huzhu TianYouDe Highland Barley Spirit 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. Qinghai Huzhu TianYouDe Highland Barley Spirit Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 19.01%.

Qinghai Huzhu TianYouDe Highland Barley Spirit Co ROCE % Historical Data

The historical data trend for Qinghai Huzhu TianYouDe Highland Barley Spirit 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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Qinghai Huzhu TianYouDe Highland Barley Spirit Co ROCE % Chart

Qinghai Huzhu TianYouDe Highland Barley Spirit Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.42

-5.40

3.77

3.99

5.16

Qinghai Huzhu TianYouDe Highland Barley Spirit 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															14.51	3.33	1.79	0.88	19.01

Qinghai Huzhu TianYouDe Highland Barley Spirit Co ROCE % Calculation

Qinghai Huzhu TianYouDe Highland Barley Spirit 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 )
	=	145.406	/	( ( (3197.59 - 407.317)	+	(3328.186 - 482.107) )	/ 2 )
	=	145.406	/	( (2790.273	+	2846.079)	/ 2 )
	=	145.406	/	2818.176
	=	5.16 %

Qinghai Huzhu TianYouDe Highland Barley Spirit 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 )
	=	552.152	/	( ( (3328.186 - 482.107)	+	(3460.171 - 495.752) )	/ 2 )
	=	552.152	/	( ( 2846.079	+	2964.419 )	/ 2 )
	=	552.152	/	2905.249
	=	19.01 %

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

Qinghai Huzhu TianYouDe Highland Barley Spirit Co (SZSE:002646) 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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Qinghai Huzhu TianYouDe Highland Barley Spirit Co (SZSE:002646) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Qinghai Huzhu TianYouDe Highland Barley Spirit Co Ltd (SZSE:002646) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 6 West Stree, Huzhu County, Qinghai Province, Weiyuan, CHN, 810500

Website

http://www.002646.com

Qinghai Huzhu TianYouDe Highland Barley Spirit Co Ltd is a China-based company operating in the liquor industry. The principal business activities of the company are research and development, production and sales of wine and alcoholic beverages. It specializes in Xizhu, Tianyoude, Ba Dafang, Yongqinghe, Shiyi De and many other series of barleywines, as well as the Maxwell brand.

Executives

Fan Wen Lai	Independent director
Guo Shou Ming	Director
Li Yin Hui	Directors, executives
Wang Zhao San	Directors, executives
Lu Yan	Supervisors

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