Yangzhou Yaxing Motor Coach Co (SHSE:600213) ROCE % : 3.52% (As of Mar. 2024)

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What is Yangzhou Yaxing Motor Coach 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. Yangzhou Yaxing Motor Coach Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 3.52%.

Yangzhou Yaxing Motor Coach Co ROCE % Historical Data

The historical data trend for Yangzhou Yaxing Motor Coach 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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Yangzhou Yaxing Motor Coach Co ROCE % Chart

Yangzhou Yaxing Motor Coach Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.92

-3.68

9.23

-14.41

-48.11

Yangzhou Yaxing Motor Coach 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															-10.32	-6.64	-10.40	-200.26	3.52

Yangzhou Yaxing Motor Coach Co ROCE % Calculation

Yangzhou Yaxing Motor Coach 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 )
	=	-292.983	/	( ( (2843.685 - 1979.165)	+	(2394.197 - 2040.637) )	/ 2 )
	=	-292.983	/	( (864.52	+	353.56)	/ 2 )
	=	-292.983	/	609.04
	=	-48.11 %

Yangzhou Yaxing Motor Coach 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 )
	=	10.724	/	( ( (2394.197 - 2040.637)	+	(2988.426 - 2732.479) )	/ 2 )
	=	10.724	/	( ( 353.56	+	255.947 )	/ 2 )
	=	10.724	/	304.7535
	=	3.52 %

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

Yangzhou Yaxing Motor Coach Co (SHSE:600213) 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.

Yangzhou Yaxing Motor Coach Co ROCE % Related Terms

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Yangzhou Yaxing Motor Coach Co (SHSE:600213) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Yangzhou Yaxing Motor Coach Co Ltd (SHSE:600213) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 2 Weichai Avenue, Hanjiang Automobile Industrial Park, Jiangsu Province, Yangzhou, CHN

Website

http://www.yaxingkeche.com.cn

Yangzhou Yaxing Motor Coach Co Ltd is a China based company which is engaged in the manufacturing of high-tech, new-energy, hybrid power bus, pure electric bus and low-emission luxury bus. The buses are exported to United States, Australia, England, Canada and other developed countries. The buses are offered under Asiastar, FTBCI and Yangtze brands.

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