Yantai China Pet Foods Co (SZSE:002891) ROCE % : 22.80% (As of Sep. 2024)

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What is Yantai China Pet Foods 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. Yantai China Pet Foods Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 22.80%.

Yantai China Pet Foods Co ROCE % Historical Data

The historical data trend for Yantai China Pet Foods 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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Yantai China Pet Foods Co ROCE % Chart

Yantai China Pet Foods Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.85

14.17

8.62

6.98

13.15

Yantai China Pet Foods 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															17.24	11.82	11.47	15.73	22.80

Yantai China Pet Foods Co ROCE % Calculation

Yantai China Pet Foods 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 )
	=	407.49	/	( ( (3840.334 - 849.067)	+	(4390.216 - 1185.548) )	/ 2 )
	=	407.49	/	( (2991.267	+	3204.668)	/ 2 )
	=	407.49	/	3097.9675
	=	13.15 %

Yantai China Pet Foods 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 )
	=	757.364	/	( ( (4024.702 - 799.896)	+	(4322.691 - 902.882) )	/ 2 )
	=	757.364	/	( ( 3224.806	+	3419.809 )	/ 2 )
	=	757.364	/	3322.3075
	=	22.80 %

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

Yantai China Pet Foods Co (SZSE:002891) 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.

Yantai China Pet Foods Co ROCE % Related Terms

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Yantai China Pet Foods Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Yantai China Pet Foods Co Ltd (SZSE:002891) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 8, Puchang Road, Laishan Economic Development Zone, Shandong Province, Yantai, CHN, 264000

Website

http://www.wanpy.com.cn

Yantai China Pet Foods Co Ltd is a pet food manufacturer in China. The company provides the full range of balanced nutrition recipes, including integrated nutrition food, training rewards food, functional food, and prescription food. The company owns many brands such as Wanpy, Natural farm, Dr.Hao, Jerky Time, Ai chong si chu and cui cui xiang. The company's products are exported to five continents - over 50 countries including Japan, USA, Canada, Germany, the United Kingdom, France, Australia, Russia and Korea.

Executives

Lu Min Ji	Executives
Sun Li	Independent director
Li Xue	Supervisors
Li Zhen	Executives
Hou Yu Wei	Securities Affairs Representative

Yantai China Pet Foods Co Headlines

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