Qianhe Condiment and Food Co (SHSE:603027) ROCE % : 19.78% (As of Mar. 2024)

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What is Qianhe Condiment and Food 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. Qianhe Condiment and Food Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 19.78%.

Qianhe Condiment and Food Co ROCE % Historical Data

The historical data trend for Qianhe Condiment and Food 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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Qianhe Condiment and Food Co ROCE % Chart

Qianhe Condiment and Food Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.76

13.73

12.84

17.84

20.63

Qianhe Condiment and Food 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															26.90	18.35	15.15	21.69	19.78

Qianhe Condiment and Food Co ROCE % Calculation

Qianhe Condiment and Food 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 )
	=	629.216	/	( ( (3171.593 - 776.128)	+	(4267.794 - 563.171) )	/ 2 )
	=	629.216	/	( (2395.465	+	3704.623)	/ 2 )
	=	629.216	/	3050.044
	=	20.63 %

Qianhe Condiment and Food 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 )
	=	727.844	/	( ( (4267.794 - 563.171)	+	(4171.694 - 516.404) )	/ 2 )
	=	727.844	/	( ( 3704.623	+	3655.29 )	/ 2 )
	=	727.844	/	3679.9565
	=	19.78 %

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

Qianhe Condiment and Food Co (SHSE:603027) 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.

Qianhe Condiment and Food Co ROCE % Related Terms

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Qianhe Condiment and Food Co (SHSE:603027) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Qianhe Condiment and Food Co Ltd (SHSE:603027) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

South China Min Hongjiadu, Dongpo District, Sichuan, Meishan, CHN

Website

http://www.qianhefood.com

Qianhe Condiment and Food Co Ltd manufacture and sells various food additives in China. It provides soy sauce, rice vinegar and wine, onion ginger and cooking wine, and other spices.

Executives

He Tian Kui	Directors, senior managers
Lv Ke Lin	senior management
Xu Yi	Directors, senior managers
Huang Gang	Directors, senior managers
Wu Jian Yong	Director
Wu Chao Qun	Director
Liu De Hua	Director
Cao Hong	Director
Hu Gao Hong	Director
Wu Xue Ming	Director

Qianhe Condiment and Food Co (SHSE:603027) Headlines

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