Namchow Food Group (Shanghai) Co (SHSE:605339) ROCE % : 11.10% (As of Mar. 2024)

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What is Namchow Food Group (Shanghai) 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. Namchow Food Group (Shanghai) Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 11.10%.

Namchow Food Group (Shanghai) Co ROCE % Historical Data

The historical data trend for Namchow Food Group (Shanghai) 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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Namchow Food Group (Shanghai) Co ROCE % Chart

Namchow Food Group (Shanghai) Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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22.64

22.00

17.87

6.24

8.33

Namchow Food Group (Shanghai) Co Quarterly Data
	Jun18	Dec18	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															6.55	8.27	5.61	13.15	11.10

Namchow Food Group (Shanghai) Co ROCE % Calculation

Namchow Food Group (Shanghai) 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 )
	=	280.892	/	( ( (4161.437 - 832.628)	+	(4095.203 - 682.108) )	/ 2 )
	=	280.892	/	( (3328.809	+	3413.095)	/ 2 )
	=	280.892	/	3370.952
	=	8.33 %

Namchow Food Group (Shanghai) 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 )
	=	382.864	/	( ( (4095.203 - 682.108)	+	(4136.276 - 649.423) )	/ 2 )
	=	382.864	/	( ( 3413.095	+	3486.853 )	/ 2 )
	=	382.864	/	3449.974
	=	11.10 %

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

Namchow Food Group (Shanghai) Co (SHSE:605339) 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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Namchow Food Group (Shanghai) Co (SHSE:605339) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Namchow Food Group (Shanghai) Co Ltd (SHSE:605339) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 1397 Yishan Road, 12th Floor, Building A, Xuhui District, Shanghai, CHN, 200233

Website

http://www.ncbakery.com

Namchow Food Group (Shanghai) Co Ltd is engaged in the research and development, production and sales of baking fat-related products.

Executives

Xiang Shu Xian	senior management
Lin Chang Yu	senior management
Zhou Lan Xin	senior management

Namchow Food Group (Shanghai) Co (SHSE:605339) Headlines

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