Xinjiang Baihuacun Pharam Tech Co (SHSE:600721) ROCE % : 11.69% (As of Mar. 2024)

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What is Xinjiang Baihuacun Pharam Tech 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. Xinjiang Baihuacun Pharam Tech Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 11.69%.

Xinjiang Baihuacun Pharam Tech Co ROCE % Historical Data

The historical data trend for Xinjiang Baihuacun Pharam Tech 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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Xinjiang Baihuacun Pharam Tech Co ROCE % Chart

Xinjiang Baihuacun Pharam Tech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.37

-37.68

8.92

-4.44

2.25

Xinjiang Baihuacun Pharam Tech Co 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															6.04	2.12	16.76	-15.58	11.69

Xinjiang Baihuacun Pharam Tech Co ROCE % Calculation

Xinjiang Baihuacun Pharam Tech 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 )
	=	16.482	/	( ( (1001.679 - 289.196)	+	(1062.01 - 308.438) )	/ 2 )
	=	16.482	/	( (712.483	+	753.572)	/ 2 )
	=	16.482	/	733.0275
	=	2.25 %

Xinjiang Baihuacun Pharam Tech Co'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 )
	=	89.412	/	( ( (1062.01 - 308.438)	+	(1089.671 - 313.727) )	/ 2 )
	=	89.412	/	( ( 753.572	+	775.944 )	/ 2 )
	=	89.412	/	764.758
	=	11.69 %

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

Xinjiang Baihuacun Pharam Tech Co (SHSE:600721) 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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Xinjiang Baihuacun Pharam Tech Co (SHSE:600721) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Xinjiang Baihuacun Pharam Tech Co Ltd (SHSE:600721) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 141 Zhongshan Road, Urumqi, Xinjiang, CHN, 830002

Website

http://www.xjbhc.net

Xinjiang Baihuacun Co Ltd is engaged in energy development, information products and digital imaging technology, as well as the operation of restaurants.

Executives

Xia Yan	Director
Cai Zi Yun	Directors, senior managers
Lv Zheng Tian	Director
Zheng Cai Hong	Director
Zhao Qin Qin	senior management
Li Na	Supervisors
Wang Qing Hui	Director
Huang Hui	Director
Tian Ping	Director
Zhang Xiao Qing	Director
Zhang Jun	senior management
Hou Tie Jun	Director

Xinjiang Baihuacun Pharam Tech Co (SHSE:600721) Headlines

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