Shanghai Aiyingshi Co (SHSE:603214) ROCE % : 4.21% (As of Mar. 2024)

View and export this data going back to 2018. Start your Free Trial

What is Shanghai Aiyingshi 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. Shanghai Aiyingshi Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.21%.

Shanghai Aiyingshi Co ROCE % Historical Data

The historical data trend for Shanghai Aiyingshi 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.

Shanghai Aiyingshi Co ROCE % Chart

Shanghai Aiyingshi Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

22.95

13.57

9.95

11.53

11.92

Shanghai Aiyingshi 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															3.69	17.61	4.09	23.17	4.21

Shanghai Aiyingshi Co ROCE % Calculation

Shanghai Aiyingshi 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 )
	=	169.057	/	( ( (2735.705 - 1315.708)	+	(2551.052 - 1133.695) )	/ 2 )
	=	169.057	/	( (1419.997	+	1417.357)	/ 2 )
	=	169.057	/	1418.677
	=	11.92 %

Shanghai Aiyingshi 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 )
	=	58.608	/	( ( (2551.052 - 1133.695)	+	(2573.518 - 1203.904) )	/ 2 )
	=	58.608	/	( ( 1417.357	+	1369.614 )	/ 2 )
	=	58.608	/	1393.4855
	=	4.21 %

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

Shanghai Aiyingshi Co (SHSE:603214) 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.

Shanghai Aiyingshi Co ROCE % Related Terms

Thank you for viewing the detailed overview of Shanghai Aiyingshi Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Shanghai Aiyingshi Co (SHSE:603214) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Shanghai Aiyingshi Co Ltd (SHSE:603214) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shanghai Pudong Road, 3E-1158 Room, Shanghai, CHN, 200127

Website

http://www.aiyingshi.com

Shanghai Aiyingshi Co Ltd is engaged in selling and distribution of products like diaper, toy book, formula milk which include goat milk and milk powder, nutritional which include nutritional supplements, rice, noodles, biscuits, beverage, snack foods, and cooking ingredients, breast pump, safety supplies, clothes washing, and moisturizing.

Shanghai Aiyingshi Co (SHSE:603214) Headlines

No Headlines