Want Want China Holdings (Want Want China Holdings) ROCE % : 29.00% (As of Sep. 2023)

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What is Want Want China Holdings 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. Want Want China Holdings's annualized ROCE % for the quarter that ended in Sep. 2023 was 29.00%.

Want Want China Holdings ROCE % Historical Data

The historical data trend for Want Want China Holdings'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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Want Want China Holdings ROCE % Chart

Want Want China Holdings Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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23.84

22.03

27.98

28.01

25.27

Want Want China Holdings Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial															27.86	28.63	22.28	32.62	29.00

Want Want China Holdings ROCE % Calculation

Want Want China Holdings's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	725.868	/	( ( (4706.046 - 1457.701)	+	(3769.33 - 1273.416) )	/ 2 )
	=	725.868	/	( (3248.345	+	2495.914)	/ 2 )
	=	725.868	/	2872.1295
	=	25.27 %

Want Want China Holdings's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	689.58	/	( ( (3769.33 - 1273.416)	+	(3748.793 - 1489.137) )	/ 2 )
	=	689.58	/	( ( 2495.914	+	2259.656 )	/ 2 )
	=	689.58	/	2377.785
	=	29.00 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2023) EBIT data.

Want Want China Holdings (OTCPK:WWNTF) 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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Want Want China Holdings (Want Want China Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Want Want China Holdings Ltd (OTCPK:WWNTF) » Definitions » ROCE %

Traded in Other Exchanges

WWNTY:USA 00151:Hong Kong 4HQ:Germany

Address

No. 18 Sheung Yuet Road, Units 07-08, 7th Floor, FTLife Tower, Kowloon Bay, Kowloon, Hong Kong, HKG

Website

http://www.want-want.com

Want Want is major player in the China packaged food and beverage sector. The company was founded in 1962 in Taiwan and entered the mainland Chinese market in 1989. Its flagship products, such as Hot-Kid milk and Want Want rice crackers, are market leaders in the respective sub-segments. With a primary focus in mainland China, the company also exports to overseas markets. As at March 2021, Want Want China had 422 sales offices, 35 production bases and 81 factories on the Chinese mainland and worked with around 9,000 distributors.

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