Zhejiang Wolwo Bio-Pharmaceutical Co (SZSE:300357) ROCE % : 23.06% (As of Sep. 2024)

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What is Zhejiang Wolwo Bio-Pharmaceutical 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. Zhejiang Wolwo Bio-Pharmaceutical Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 23.06%.

Zhejiang Wolwo Bio-Pharmaceutical Co ROCE % Historical Data

The historical data trend for Zhejiang Wolwo Bio-Pharmaceutical 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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Zhejiang Wolwo Bio-Pharmaceutical Co ROCE % Chart

Zhejiang Wolwo Bio-Pharmaceutical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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26.88

20.17

23.29

20.37

15.50

Zhejiang Wolwo Bio-Pharmaceutical 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															24.73	7.60	14.54	13.56	23.06

Zhejiang Wolwo Bio-Pharmaceutical Co ROCE % Calculation

Zhejiang Wolwo Bio-Pharmaceutical 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 )
	=	347.264	/	( ( (2197.875 - 102.751)	+	(2562.167 - 177.04) )	/ 2 )
	=	347.264	/	( (2095.124	+	2385.127)	/ 2 )
	=	347.264	/	2240.1255
	=	15.50 %

Zhejiang Wolwo Bio-Pharmaceutical 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 )
	=	573.224	/	( ( (2681.608 - 248.635)	+	(2701.045 - 163.394) )	/ 2 )
	=	573.224	/	( ( 2432.973	+	2537.651 )	/ 2 )
	=	573.224	/	2485.312
	=	23.06 %

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

Zhejiang Wolwo Bio-Pharmaceutical Co (SZSE:300357) 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.

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Zhejiang Wolwo Bio-Pharmaceutical Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Zhejiang Wolwo Bio-Pharmaceutical Co Ltd (SZSE:300357) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 636 Zhiyuan North Road, Wukang Town, Deqing County, Zhejiang Province, Huzhou, CHN, 313299

Website

http://www.wolwobiotech.com

Zhejiang Wolwo Bio-Pharmaceutical Co Ltd is a Chinese bio-pharmaceutical company. It is engaged in the research development, production and sales of allergic diseases diagnosis and treatment products. The product portfolio of the company covers dust mites drops, dust mites skin prick diagnosis kit, silk, and others.

Executives

Hu Geng Xi	Directors, executives
Zhang Lu	Directors, executives
Wang Li Hong	Directors, executives
	Director
Li Qin	Supervisors
Wang Xin Hua	Secretary, Director
Li Xiao Nan	Supervisors

Zhejiang Wolwo Bio-Pharmaceutical Co Headlines

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