Anhui Anke Biotechnology (Group) Co (SZSE:300009) ROCE % : 9.60% (As of Dec. 2024)

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What is Anhui Anke Biotechnology (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. Anhui Anke Biotechnology (Group) Co's annualized ROCE % for the quarter that ended in Dec. 2024 was 9.60%.

Anhui Anke Biotechnology (Group) Co ROCE % Historical Data

The historical data trend for Anhui Anke Biotechnology (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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Anhui Anke Biotechnology (Group) Co ROCE % Chart

Anhui Anke Biotechnology (Group) Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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14.23

9.73

25.23

23.99

18.79

Anhui Anke Biotechnology (Group) Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															15.26	24.51	22.28	19.71	9.60

Anhui Anke Biotechnology (Group) Co ROCE % Calculation

Anhui Anke Biotechnology (Group) Co's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	805.421	/	( ( (4950.76 - 847.081)	+	(5135.35 - 667.585) )	/ 2 )
	=	805.421	/	( (4103.679	+	4467.765)	/ 2 )
	=	805.421	/	4285.722
	=	18.79 %

Anhui Anke Biotechnology (Group) Co's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	420.24	/	( ( (4990.978 - 699.755)	+	(5135.35 - 667.585) )	/ 2 )
	=	420.24	/	( ( 4291.223	+	4467.765 )	/ 2 )
	=	420.24	/	4379.494
	=	9.60 %

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

Anhui Anke Biotechnology (Group) Co (SZSE:300009) 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 Anke Biotechnology (Group) Co ROCE % Related Terms

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Anhui Anke Biotechnology (Group) Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Anhui Anke Biotechnology (Group) Co Ltd (SZSE:300009) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.9 Changjiang Road, Hefei High-tech Zone, Customs Road 669, Hefei, CHN, 230088

Website

http://www.ankebio.com

Anhui Anke Biotechnology (Group) Co Ltd is engaged in the development, manufacture, and sale of pharmaceuticals and health-care products. The Company distributes its product in both domestic and overseas markets. The company operates in more than 30 provinces in China.

Executives

Zhao Hui	Directors, executives
Zhou Yuan Yuan	Directors, executives
Wang Yong	Supervisors
Yao Jian Ping	Executives
Wang Rong Hai	Directors, executives
Song She Wu	Directors, executives
Fu Yong Biao	Directors, executives
Jiang Jun Pei	Supervisors
Xu Zhen Shan	Director
Lu Guang Xin	Executives
Yan Xin Wen	Executives
Lu Chun Yan	Executives
Wu Rui	Director
Fan Qing Lin	Director
Wang Yong Bin	Executives

Anhui Anke Biotechnology (Group) Co Headlines

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