Anhui Huangshan Capsule Co (SZSE:002817) ROCE % : 7.13% (As of Jun. 2024)

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What is Anhui Huangshan Capsule 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. Anhui Huangshan Capsule Co's annualized ROCE % for the quarter that ended in Jun. 2024 was 7.13%.

Anhui Huangshan Capsule Co ROCE % Historical Data

The historical data trend for Anhui Huangshan Capsule 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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Anhui Huangshan Capsule Co ROCE % Chart

Anhui Huangshan Capsule Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.88

6.42

7.26

7.00

7.84

Anhui Huangshan Capsule Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															8.18	8.41	4.60	7.36	7.13

Anhui Huangshan Capsule Co ROCE % Calculation

Anhui Huangshan Capsule 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 )
	=	71.988	/	( ( (1037.692 - 147.07)	+	(1103.085 - 157.303) )	/ 2 )
	=	71.988	/	( (890.622	+	945.782)	/ 2 )
	=	71.988	/	918.202
	=	7.84 %

Anhui Huangshan Capsule Co's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	67.588	/	( ( (1118.128 - 156.731)	+	(1069.086 - 134.409) )	/ 2 )
	=	67.588	/	( ( 961.397	+	934.677 )	/ 2 )
	=	67.588	/	948.037
	=	7.13 %

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

Anhui Huangshan Capsule Co (SZSE:002817) 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.

Anhui Huangshan Capsule Co ROCE % Related Terms

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Anhui Huangshan Capsule Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Anhui Huangshan Capsule Co Ltd (SZSE:002817) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Jingde, Baidi town, Anhui Province, Xuancheng, CHN, 242605

Website

http://www.hsjn.com

Anhui Huangshan Capsule Co Ltd is engaged in the development, production and sales of gelatin hollow capsules and enteric gelatin hollow capsules in China. It products portfolio includes Entersoluble vacant gelatin capsule, Vegetable capsule, Pulluan capsule, Vacant gelatin capsule and Vegetable entersoluble capsule.

Executives

Yu Chun Ming	Director
Zhu Guan Run	Supervisors
Liu Song Lin	Supervisors
Wang Hong Shi	Directors, executives
Ye Song Lin	Directors, executives

Anhui Huangshan Capsule Co Headlines

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