Xinjiang Western Animal Husbandry Co (SZSE:300106) ROCE % : 8.30% (As of Mar. 2024)

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What is Xinjiang Western Animal Husbandry 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. Xinjiang Western Animal Husbandry Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 8.30%.

Xinjiang Western Animal Husbandry Co ROCE % Historical Data

The historical data trend for Xinjiang Western Animal Husbandry 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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Xinjiang Western Animal Husbandry Co ROCE % Chart

Xinjiang Western Animal Husbandry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-5.82

6.63

7.86

7.53

-2.13

Xinjiang Western Animal Husbandry 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															7.99	6.89	5.72	-29.36	8.30

Xinjiang Western Animal Husbandry Co ROCE % Calculation

Xinjiang Western Animal Husbandry 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 )
	=	-16.169	/	( ( (1190.447 - 439.083)	+	(1203.154 - 437.487) )	/ 2 )
	=	-16.169	/	( (751.364	+	765.667)	/ 2 )
	=	-16.169	/	758.5155
	=	-2.13 %

Xinjiang Western Animal Husbandry 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 )
	=	62.784	/	( ( (1203.154 - 437.487)	+	(1197.341 - 449.791) )	/ 2 )
	=	62.784	/	( ( 765.667	+	747.55 )	/ 2 )
	=	62.784	/	756.6085
	=	8.30 %

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

Xinjiang Western Animal Husbandry Co (SZSE:300106) 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.

Xinjiang Western Animal Husbandry Co ROCE % Related Terms

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Xinjiang Western Animal Husbandry Co (SZSE:300106) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Xinjiang Western Animal Husbandry Co Ltd (SZSE:300106) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

5-2 West Quad No., Shihezi City, CHN

Website

http://www.xjxbmy.com

Xinjiang Western Animal Husbandry Co Ltd is engaged in the production of dairy products. The products of the company include dairy products which include garden dairy products, meat products which include lamb gift box and beef gift box, grease products, and healthcare.

Executives

Chen Cui Lian	Director
Chen Jian Fang	Executives
Chen Guang Pu	Directors, executives
Yang Wen Bo	Directors, executives
Chen Jiong Ren	Director
Tang Cheng	Supervisors
Wu Xiao Jun	Director
Wu Wen Shou	Director
Wu Wen Jun	Supervisors

Xinjiang Western Animal Husbandry Co (SZSE:300106) Headlines

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