Zhongxin Fruit and Juice (SGX:5EG) ROCE % : 7.01% (As of Dec. 2023)

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What is Zhongxin Fruit and Juice 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. Zhongxin Fruit and Juice's annualized ROCE % for the quarter that ended in Dec. 2023 was 7.01%.

Zhongxin Fruit and Juice ROCE % Historical Data

The historical data trend for Zhongxin Fruit and Juice'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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Zhongxin Fruit and Juice ROCE % Chart

Zhongxin Fruit and Juice Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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8.19

10.66

1.72

49.08

7.23

Zhongxin Fruit and Juice Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															75.66	23.95	5.84	9.04	7.01

Zhongxin Fruit and Juice ROCE % Calculation

Zhongxin Fruit and Juice's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	1.882	/	( ( (40.062 - 13.389)	+	(43.777 - 18.405) )	/ 2 )
	=	1.882	/	( (26.673	+	25.372)	/ 2 )
	=	1.882	/	26.0225
	=	7.23 %

Zhongxin Fruit and Juice'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	1.79	/	( ( (43.777 - 18.405)	+	(45.258 - 19.539) )	/ 2 )
	=	1.79	/	( ( 25.372	+	25.719 )	/ 2 )
	=	1.79	/	25.5455
	=	7.01 %

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

Zhongxin Fruit and Juice (SGX:5EG) 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.

Zhongxin Fruit and Juice ROCE % Related Terms

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Zhongxin Fruit and Juice (SGX:5EG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Zhongxin Fruit and Juice Ltd (SGX:5EG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

25 International Business Park, No. 02-53 German Centre, Singapore, SGP, 609916

Website

Zhongxin Fruit and Juice Ltd are engaged in the production of fruit and vegetable juice concentrates and beverages. Its core business is a production of concentrated apple juice mainly for export to in the United States, European Union, South Africa, Canada, Japan and Australia. The concentrated apple juice produced is used as an ingredient in packet juice drinks, soft drinks, cider, yoghurt, and candies. The company also produces animal feed using apple pomace generated from the production process of apple juice concentrate.

Zhongxin Fruit and Juice (SGX:5EG) Headlines

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