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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. China Foods Holdings's annualized ROCE % for the quarter that ended in Mar. 2024 was 0.00%.
The historical data trend for China Foods 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.
China Foods Holdings Annual Data | |||||||||||||||||||||
Trend | Sep14 | Sep15 | Sep16 | Sep17 | Sep18 | Sep19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
ROCE % | Get a 7-Day Free Trial | - | -129.57 | -61.58 | -118.55 | - |
China Foods Holdings 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 | - | - | - | - | - |
China Foods Holdings'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 ) | |||||
= | -0.405 | / | ( ( (0.679 - 0.662) | + | (0.365 - 0.756) ) | / 2 ) | |
= | -0.405 | / | ( (0.017 | + | -0.391) | / 2 ) | |
= | -0.405 | / | -0.187 | ||||
= | 216.58 % |
China Foods Holdings'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 ) | |||||
= | -0.312 | / | ( ( (0.365 - 0.756) | + | (0.272 - 0.727) ) | / 2 ) | |
= | -0.312 | / | ( ( -0.391 | + | -0.455 ) | / 2 ) | |
= | -0.312 | / | -0.423 | ||||
= | 0 % |
(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.
* 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.
China Foods Holdings (OTCPK:CFOO) 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.
Thank you for viewing the detailed overview of China Foods Holdings's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.
Xiao Jun Kong | director, 10 percent owner, officer: CEO and CFO | SHUI ON CENTRE, 6-8 HARBOUR RD. UNIT 906 9/F WANCHAI K3 0000 |
Cheng-ni Hu | director | 28 MACHANG ROAD TIANHE DISTRICT GUANGZHOU F4 510000 |
Yang Liu | director | EVERBRITE CENTRE SUITE 3102 108 GLOUCESTER ROAD HONG KONG K3 00000 |
Yunsi Liu | director, officer: President | EVERBRITE CENTRE SUITE 3102 108 GLOUCESTER ROAD HONG KONG K3 00000 |
Hy (hk) Financial Investments Co., Ltd. | 10 percent owner | SHUI ON CENTRE, 6-8 HARBOUR RD. UNIT 906 9/F WANCHAI K3 0000 |
Sean Escobar | director, officer: Vice President | 10344 SOUTH SILVER WILLOW DRIVE SANDY UT 84070 |
Anthony B Escobar | director, 10 percent owner, officer: President | PO BOX 2017 SANDY UT 84091-2017 |
Anthony P Coletti | director, officer: Chief Accounting Officer | 3032 WEST HARPER PEAK COURT SOUTH JORDAN UT 84095 |
From GuruFocus
By [email protected] insider • 07-10-2020
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