Xiwang Foodstuffs Co (SZSE:000639) ROCE % : 8.00% (As of Mar. 2024)

View and export this data going back to 1996. Start your Free Trial

What is Xiwang Foodstuffs 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. Xiwang Foodstuffs Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 8.00%.

Xiwang Foodstuffs Co ROCE % Historical Data

The historical data trend for Xiwang Foodstuffs 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.

Xiwang Foodstuffs Co ROCE % Chart

Xiwang Foodstuffs Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

-13.57

9.48

6.20

-16.88

1.41

Xiwang Foodstuffs 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															-2.12	1.71	8.85	-2.11	8.00

Xiwang Foodstuffs Co ROCE % Calculation

Xiwang Foodstuffs 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 )
	=	67.112	/	( ( (7077.115 - 1988.588)	+	(7155.343 - 2691.336) )	/ 2 )
	=	67.112	/	( (5088.527	+	4464.007)	/ 2 )
	=	67.112	/	4776.267
	=	1.41 %

Xiwang Foodstuffs 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 )
	=	359.648	/	( ( (7155.343 - 2691.336)	+	(7034.047 - 2511.581) )	/ 2 )
	=	359.648	/	( ( 4464.007	+	4522.466 )	/ 2 )
	=	359.648	/	4493.2365
	=	8.00 %

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

Xiwang Foodstuffs Co (SZSE:000639) 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.

Xiwang Foodstuffs Co ROCE % Related Terms

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

Xiwang Foodstuffs Co (SZSE:000639) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Xiwang Foodstuffs Co Ltd (SZSE:000639) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 333 Changjiang North Road, Building 1, Jinde Industrial Park, Tianyuan District, Zhuzhou, Hunan, CHN, 412007

Website

http://www.xwsp.cc

Xiwang Foodstuffs Co Ltd operates in the food industry. The company manufactures corn germ oil, corn olive oil, sunflower oil, peanut oil, chile multi, and flaxseed oil.

Executives

Wang Di	Director
Zhou Yong	Executives
Wu Zhen Jin	Director
Yu Xiao Lei	Independent director
Wen Zong Yu	Independent director
Li Xiang Rong	Supervisors
Yang Zi Ping	Supervisors

Xiwang Foodstuffs Co (SZSE:000639) Headlines

No Headlines