Hunan Xiangjia Animal Husbandry Co (SZSE:002982) ROCE % : -1.55% (As of Mar. 2024)

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What is Hunan Xiangjia Animal Husbandry 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. Hunan Xiangjia Animal Husbandry Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -1.55%.

Hunan Xiangjia Animal Husbandry Co ROCE % Historical Data

The historical data trend for Hunan Xiangjia Animal Husbandry 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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Hunan Xiangjia Animal Husbandry Co ROCE % Chart

Hunan Xiangjia Animal Husbandry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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28.20

13.22

2.48

6.00

-3.34

Hunan Xiangjia Animal Husbandry 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															-2.50	-5.56	5.56	-10.72	-1.55

Hunan Xiangjia Animal Husbandry Co ROCE % Calculation

Hunan Xiangjia Animal Husbandry 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 )
	=	-98.587	/	( ( (3782.099 - 761.902)	+	(3855.318 - 971.261) )	/ 2 )
	=	-98.587	/	( (3020.197	+	2884.057)	/ 2 )
	=	-98.587	/	2952.127
	=	-3.34 %

Hunan Xiangjia Animal Husbandry 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 )
	=	-45.264	/	( ( (3855.318 - 971.261)	+	(3885.667 - 915.931) )	/ 2 )
	=	-45.264	/	( ( 2884.057	+	2969.736 )	/ 2 )
	=	-45.264	/	2926.8965
	=	-1.55 %

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

Hunan Xiangjia Animal Husbandry Co (SZSE:002982) 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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Hunan Xiangjia Animal Husbandry Co (SZSE:002982) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Hunan Xiangjia Animal Husbandry Co Ltd (SZSE:002982) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 9, Jiashan Road, Tiangongshan Neighborhood Committee, Shimen Economic Development Zone, Hunan Province, Changde, CHN, 415300

Website

http://www.xiangjiamuye.com

Hunan Xiangjia Animal Husbandry Co Ltd is a poultry breeding and processing and organic fertilizer processing from farm to table and farm to farm in Hunan. The company engages in breeding poultry; poultry hatching, breeding, slaughtering, processing and sales, compound feed processing and sales, and biological fertilizer processing and sales.

Executives

Tang Shan Chu	Directors, executives
He Ye Chun	Directors, Directors, and Executives
Rao Tian Yu	Supervisors

Hunan Xiangjia Animal Husbandry Co (SZSE:002982) Headlines

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