Beijing Oriental Yuhong Waterproof Technology Co (SZSE:002271) ROCE %

: 16.70% (As of Sep. 2023)

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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. Beijing Oriental Yuhong Waterproof Technology Co's annualized ROCE % for the quarter that ended in Sep. 2023 was 16.70%.

Beijing Oriental Yuhong Waterproof Technology Co ROCE % Historical Data

The historical data trend for Beijing Oriental Yuhong Waterproof Technology 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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Beijing Oriental Yuhong Waterproof Technology Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

21.67

26.79

31.39

23.60

9.79

Beijing Oriental Yuhong Waterproof Technology Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %																12.32	9.70	7.71	17.31	16.70

Beijing Oriental Yuhong Waterproof Technology Co ROCE % Calculation

Beijing Oriental Yuhong Waterproof Technology Co's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	2800.587	/	( ( (49733.227 - 21110.823)	+	(50555.78 - 21961.4) )	/ 2 )
	=	2800.587	/	( (28622.404	+	28594.38)	/ 2 )
	=	2800.587	/	28608.392
	=	9.79 %

Beijing Oriental Yuhong Waterproof Technology Co's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	5141.856	/	( ( (49269.87 - 19055.735)	+	(49719.244 - 18337.52) )	/ 2 )
	=	5141.856	/	( ( 30214.135	+	31381.724 )	/ 2 )
	=	5141.856	/	30797.9295
	=	16.70 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

Beijing Oriental Yuhong Waterproof Technology Co (SZSE:002271) 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.

Beijing Oriental Yuhong Waterproof Technology Co ROCE % Related Terms

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Beijing Oriental Yuhong Waterproof Technology Co (SZSE:002271) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Beijing Oriental Yuhong Waterproof Technology Co Ltd (SZSE:002271) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2, Shunping Road, Shaling Section, Shunyi District, Beijing, CHN, 100123

Website

http://www.yuhong.com.cn

Beijing Oriental Yuhong Waterproof Technology Co Ltd is engaged in the research and production of waterproofing solution systems. The company offers bituminous and SAM self-adhesive waterproof sheet materials; synthetic macromolecule sheet materials; waterproof coatings; and rigid waterproof, system support, and sealing materials. The solutions are offered to construction projects, industrial buildings, civil buildings and commercial buildings. Oriental Yuhong has also invested in many other fields such as non-woven fabrics, building energy efficiency, mortar, and energy and chemical industry. Geographically the activities are carried out through China.

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