Jiajia Food Group Co (SZSE:002650) ROCE % : 2.26% (As of Mar. 2024)

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What is Jiajia Food Group 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. Jiajia Food Group Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 2.26%.

Jiajia Food Group Co ROCE % Historical Data

The historical data trend for Jiajia Food Group 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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Jiajia Food Group Co ROCE % Chart

Jiajia Food Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.43

9.30

-2.74

-3.53

-8.10

Jiajia Food Group 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															2.72	-1.70	-6.16	-27.15	2.26

Jiajia Food Group Co ROCE % Calculation

Jiajia Food Group 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 )
	=	-187.102	/	( ( (2775.29 - 359.878)	+	(2666.768 - 463.701) )	/ 2 )
	=	-187.102	/	( (2415.412	+	2203.067)	/ 2 )
	=	-187.102	/	2309.2395
	=	-8.10 %

Jiajia Food Group 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 )
	=	49.288	/	( ( (2666.768 - 463.701)	+	(2722.994 - 570.324) )	/ 2 )
	=	49.288	/	( ( 2203.067	+	2152.67 )	/ 2 )
	=	49.288	/	2177.8685
	=	2.26 %

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

Jiajia Food Group Co (SZSE:002650) 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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Jiajia Food Group Co (SZSE:002650) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Jiajia Food Group Co Ltd (SZSE:002650) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Chezhan Road, Ningxiang County Economic, Changsha, CHN, 410600

Website

http://www.jiajiagroup.com

Jiajia Food Group Co Ltd is a food manufacturing company based in China. The company is primarily engaged in the research and development, production and marketing of various types of seasonings and edible oil. Its product offering includes soy sauces, tea oils, edible oils, compound seasoning products and hot pot sauces.

Executives

Liu Yong Jiao	Directors, executives
Chen Bo Qiu	Executives
Xiao Sai Ping	Director
Yang Zhen	Directors, executives
Song Xiang Qian	Director

Jiajia Food Group Co (SZSE:002650) Headlines

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