Guilin Seamild Foods Co (SZSE:002956) ROCE % : 14.45% (As of Mar. 2024)

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What is Guilin Seamild 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. Guilin Seamild Foods Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 14.45%.

Guilin Seamild Foods Co ROCE % Historical Data

The historical data trend for Guilin Seamild 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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Guilin Seamild Foods Co ROCE % Chart

Guilin Seamild Foods Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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19.80

11.65

8.84

8.96

9.44

Guilin Seamild Foods 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															13.69	7.58	9.23	7.19	14.45

Guilin Seamild Foods Co ROCE % Calculation

Guilin Seamild 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 )
	=	136.428	/	( ( (1921.074 - 500.421)	+	(2010.154 - 540.255) )	/ 2 )
	=	136.428	/	( (1420.653	+	1469.899)	/ 2 )
	=	136.428	/	1445.276
	=	9.44 %

Guilin Seamild Foods 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 )
	=	214.92	/	( ( (2010.154 - 540.255)	+	(1910.955 - 405.25) )	/ 2 )
	=	214.92	/	( ( 1469.899	+	1505.705 )	/ 2 )
	=	214.92	/	1487.802
	=	14.45 %

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

Guilin Seamild Foods Co (SZSE:002956) 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.

Guilin Seamild Foods Co ROCE % Related Terms

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Guilin Seamild Foods Co (SZSE:002956) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Guilin Seamild Foods Co Ltd (SZSE:002956) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 45, Luan Road, Qixing District, Guilin, CHN, 541004

Website

http://www.seamild.com.cn

Guilin Seamild Foods Co Ltd manufactures food products. The company produces and markets oats products.

Executives

Zhang Zhi Xiong	Executives
He Jian Ping	Securities Affairs Representative

Guilin Seamild Foods Co (SZSE:002956) Headlines

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