Jilin Province Huinan Changlong Bio-pharmacy Co (HKSE:08049) ROCE % : 8.32% (As of Dec. 2023)

View and export this data going back to 2001. Start your Free Trial

What is Jilin Province Huinan Changlong Bio-pharmacy 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. Jilin Province Huinan Changlong Bio-pharmacy Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 8.32%.

Jilin Province Huinan Changlong Bio-pharmacy Co ROCE % Historical Data

The historical data trend for Jilin Province Huinan Changlong Bio-pharmacy 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.

* Premium members only.

Jilin Province Huinan Changlong Bio-pharmacy Co ROCE % Chart

Jilin Province Huinan Changlong Bio-pharmacy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

14.10

11.62

12.48

11.98

12.10

Jilin Province Huinan Changlong Bio-pharmacy Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															17.82	16.54	9.68	13.92	8.32

Jilin Province Huinan Changlong Bio-pharmacy Co ROCE % Calculation

Jilin Province Huinan Changlong Bio-pharmacy 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 )
	=	217.475	/	( ( (2649.786 - 797.998)	+	(2536.281 - 793.306) )	/ 2 )
	=	217.475	/	( (1851.788	+	1742.975)	/ 2 )
	=	217.475	/	1797.3815
	=	12.10 %

Jilin Province Huinan Changlong Bio-pharmacy Co's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	145.008	/	( ( (0 - 0)	+	(2536.281 - 793.306) )	/ 1 )
	=	145.008	/	( ( 0	+	1742.975 )	/ 1 )
	=	145.008	/	1742.975
	=	8.32 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Jilin Province Huinan Changlong Bio-pharmacy Co (HKSE:08049) 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.

Jilin Province Huinan Changlong Bio-pharmacy Co ROCE % Related Terms

Thank you for viewing the detailed overview of Jilin Province Huinan Changlong Bio-pharmacy Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Jilin Province Huinan Changlong Bio-pharmacy Co (HKSE:08049) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Jilin Province Huinan Changlong Bio-pharmacy Co Ltd (HKSE:08049) » Definitions » ROCE %

Traded in Other Exchanges

JIL:Germany

Address

625 & 639 Nathan Road, Room 1101-2, 11th Floor, Office Tower Two, Grand Plaza, Mong kok, Kowloon, Hong Kong, HKG

Website

http://www.jlchanglong.com

Jilin Province Huinan Changlong Bio-pharmacy Co Ltd is a pharmaceutical company. It is engaged in the manufacturing and distribution of Chinese medicines and pharmaceutical products. The company sells medicines under the brand names: Changlong and Qing Tong. The group has only one business segment which is the manufacture and distribution of Chinese medicines. It derives revenue primarily from operations in the PRC.

Jilin Province Huinan Changlong Bio-pharmacy Co (HKSE:08049) Headlines

No Headlines