Wens Foodstuff Group Co (SZSE:300498) ROCE % : -6.28% (As of Mar. 2024)

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What is Wens Foodstuff 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. Wens Foodstuff Group Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -6.28%.

Wens Foodstuff Group Co ROCE % Historical Data

The historical data trend for Wens Foodstuff 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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Wens Foodstuff Group Co ROCE % Chart

Wens Foodstuff Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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32.70

13.81

-16.03

9.91

-7.52

Wens Foodstuff 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															-13.79	-8.64	2.79	-10.08	-6.28

Wens Foodstuff Group Co ROCE % Calculation

Wens Foodstuff 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 )
	=	-5069.23	/	( ( (98087.414 - 24950.735)	+	(92895.14 - 31138.038) )	/ 2 )
	=	-5069.23	/	( (73136.679	+	61757.102)	/ 2 )
	=	-5069.23	/	67446.8905
	=	-7.52 %

Wens Foodstuff 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 )
	=	-3896.872	/	( ( (92895.14 - 31138.038)	+	(94677.179 - 32276.905) )	/ 2 )
	=	-3896.872	/	( ( 61757.102	+	62400.274 )	/ 2 )
	=	-3896.872	/	62078.688
	=	-6.28 %

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

Wens Foodstuff Group Co (SZSE:300498) 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.

Wens Foodstuff Group Co ROCE % Related Terms

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Wens Foodstuff Group Co (SZSE:300498) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Wens Foodstuff Group Co Ltd (SZSE:300498) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 9, Dongdi North Road, Xincheng Town, Xinxing County, Guangdong Province, Yunfu, CHN, 527400

Website

https://www.wens.com.cn

Wens Foodstuff Group Co Ltd operates as a livestock and poultry farming company in China. The company offers fresh meat products and processed products, including chicken, pig, duck, milk, egg, cooked chicken, deep-sea fish, sheep, pigeons, and other products. It also provides raw milk; and finished milk, such as pasteurized milk, fermented milk, sterilized milk, milk-containing beverages, and other various categories of products.

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