Yantai Changyu Pioneer Wine Co (SZSE:000869) ROCE % : 8.09% (As of Mar. 2024)

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What is Yantai Changyu Pioneer Wine 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. Yantai Changyu Pioneer Wine Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 8.09%.

Yantai Changyu Pioneer Wine Co ROCE % Historical Data

The historical data trend for Yantai Changyu Pioneer Wine 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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Yantai Changyu Pioneer Wine Co ROCE % Chart

Yantai Changyu Pioneer Wine Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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14.88

6.35

6.76

5.87

7.01

Yantai Changyu Pioneer Wine 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															12.93	4.63	3.80	6.65	8.09

Yantai Changyu Pioneer Wine Co ROCE % Calculation

Yantai Changyu Pioneer Wine 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 )
	=	783.266	/	( ( (13171.506 - 2016.653)	+	(13336.267 - 2152.784) )	/ 2 )
	=	783.266	/	( (11154.853	+	11183.483)	/ 2 )
	=	783.266	/	11169.168
	=	7.01 %

Yantai Changyu Pioneer Wine 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 )
	=	910.72	/	( ( (13336.267 - 2152.784)	+	(12887.333 - 1562.611) )	/ 2 )
	=	910.72	/	( ( 11183.483	+	11324.722 )	/ 2 )
	=	910.72	/	11254.1025
	=	8.09 %

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

Yantai Changyu Pioneer Wine Co (SZSE:000869) 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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Yantai Changyu Pioneer Wine Co (SZSE:000869) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Yantai Changyu Pioneer Wine Co Ltd (SZSE:000869) » Definitions » ROCE %

Traded in Other Exchanges

200869:China

Address

56 Dama Road, Shandong, Yantai, CHN, 264000

Website

http://www.changyu.com.cn

Yantai Changyu Pioneer Wine Co Ltd produces and sells wine, brandy, and champagne. The company's brands include Changyu, Jiebaina, AFIP, Koyac, and Tinlot Reserva. Wine sales account for more than three-quarters of the company's total revenue. Yantai possesses vineyards in several Chinese provinces suitable for wine grape growing, such as Shandong, Ningxia, Xinjiang, Liaoning, Hebei, and Shanxi. Nearly all of the company's sales are in China, with the small amount of remaining revenue coming from France and Spain.

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