Ningxia Xiaoming Agriculture & Animal Husbandry Co (SZSE:300967) ROCE % : 8.91% (As of Sep. 2024)

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What is Ningxia Xiaoming Agriculture & 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. Ningxia Xiaoming Agriculture & Animal Husbandry Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 8.91%.

Ningxia Xiaoming Agriculture & Animal Husbandry Co ROCE % Historical Data

The historical data trend for Ningxia Xiaoming Agriculture & 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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Ningxia Xiaoming Agriculture & Animal Husbandry Co ROCE % Chart

Ningxia Xiaoming Agriculture & Animal Husbandry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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18.97

8.08

10.21

1.61

-9.75

Ningxia Xiaoming Agriculture & Animal Husbandry 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															-9.46	-18.37	-0.17	-2.89	8.91

Ningxia Xiaoming Agriculture & Animal Husbandry Co ROCE % Calculation

Ningxia Xiaoming Agriculture & 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 )
	=	-123.184	/	( ( (1453.411 - 291.651)	+	(1616.848 - 252.964) )	/ 2 )
	=	-123.184	/	( (1161.76	+	1363.884)	/ 2 )
	=	-123.184	/	1262.822
	=	-9.75 %

Ningxia Xiaoming Agriculture & Animal Husbandry 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 )
	=	117.504	/	( ( (1591.118 - 256.416)	+	(1631.462 - 329.566) )	/ 2 )
	=	117.504	/	( ( 1334.702	+	1301.896 )	/ 2 )
	=	117.504	/	1318.299
	=	8.91 %

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

Ningxia Xiaoming Agriculture & Animal Husbandry Co (SZSE:300967) 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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Ningxia Xiaoming Agriculture & Animal Husbandry Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Ningxia Xiaoming Agriculture & Animal Husbandry Co Ltd (SZSE:300967) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 km west of the 93 km Huangyangtan along the mountain road, Ningxia Hui Autonomous Region, Yongning, Yinchuan, CHN, 750011

Website

https://www.nxxmqy.com

Ningxia Xiaoming Agriculture & Animal Husbandry Co Ltd is involved in the breeding of grandparent-generation layer breeders and parent-generation layer breeders, the sales of parent-generation chicks, commercial-generation chicks and their by-products.

Executives

Wang Xue Qiang	Executives
Ta Ming Jing	Supervisors

Ningxia Xiaoming Agriculture & Animal Husbandry Co Headlines

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