China Quanjude (Group) Co (SZSE:002186) ROCE % : 7.44% (As of Mar. 2024)

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What is China Quanjude (Group) 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. China Quanjude (Group) Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 7.44%.

China Quanjude (Group) Co ROCE % Historical Data

The historical data trend for China Quanjude (Group) 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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China Quanjude (Group) Co ROCE % Chart

China Quanjude (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.43

-18.62

-12.29

-25.82

7.14

China Quanjude (Group) 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															4.45	8.71	18.83	-3.53	7.44

China Quanjude (Group) Co ROCE % Calculation

China Quanjude (Group) 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 )
	=	70.177	/	( ( (1536.294 - 569.845)	+	(1517.704 - 518.284) )	/ 2 )
	=	70.177	/	( (966.449	+	999.42)	/ 2 )
	=	70.177	/	982.9345
	=	7.14 %

China Quanjude (Group) 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 )
	=	74.96	/	( ( (1517.704 - 518.284)	+	(1503.453 - 486.884) )	/ 2 )
	=	74.96	/	( ( 999.42	+	1016.569 )	/ 2 )
	=	74.96	/	1007.9945
	=	7.44 %

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

China Quanjude (Group) Co (SZSE:002186) 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.

China Quanjude (Group) Co ROCE % Related Terms

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China Quanjude (Group) Co (SZSE:002186) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » China Quanjude (Group) Co Ltd (SZSE:002186) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.217 Qianmenxi River Bank Street, Xuanwu District, Beijing, Beijing, CHN, 100051

Website

http://www.quanjude.com.cn

China Quanjude (Group) Co Ltd operates in the foodservice industry. The principal business activities of the company include catering service, food processing and sale of food. In addition, the company is engaged in the production and sales of Quanjude vacuum packaging roast duck and duck series cooked food products, lotus leaf cake, sweet noodle sauce and other roast duck accessories for the holiday consumer market.

Executives

Shi Bing Feng	Directors, executives
Wang Zhi Qiang	Director
Tang Li Xin	Executives
Yu Jia Xiang	Supervisors
Xing Ying	Directors, executives
Xu Jia	Executives
Tang Ying	Securities Affairs Representative
Ye Xin Nian	Executives
Wang Ru Qin	Director

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