Foshan Yowant Technology Co (SZSE:002291) ROCE % : -14.19% (As of Sep. 2023)

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What is Foshan Yowant Technology 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. Foshan Yowant Technology Co's annualized ROCE % for the quarter that ended in Sep. 2023 was -14.19%.

Foshan Yowant Technology Co ROCE % Historical Data

The historical data trend for Foshan Yowant 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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Foshan Yowant Technology Co ROCE % Chart

Foshan Yowant Technology Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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4.62

9.14

3.84

-13.32

-2.90

Foshan Yowant 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 %	Get a 7-Day Free Trial															9.64	-32.11	-1.78	-14.45	-14.19

Foshan Yowant Technology Co ROCE % Calculation

Foshan Yowant 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 )
	=	-159.278	/	( ( (7061.929 - 1380.165)	+	(6766.212 - 1471.591) )	/ 2 )
	=	-159.278	/	( (5681.764	+	5294.621)	/ 2 )
	=	-159.278	/	5488.1925
	=	-2.90 %

Foshan Yowant 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 )
	=	-742.24	/	( ( (6853.746 - 1526.842)	+	(6644.126 - 1512.529) )	/ 2 )
	=	-742.24	/	( ( 5326.904	+	5131.597 )	/ 2 )
	=	-742.24	/	5229.2505
	=	-14.19 %

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

Foshan Yowant Technology Co (SZSE:002291) 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.

Foshan Yowant Technology Co ROCE % Related Terms

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Foshan Yowant Technology Co (SZSE:002291) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Foshan Yowant Technology Co Ltd (SZSE:002291) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Qing'an Road, Guicheng Street, Room A101-A105, Building A, No. 2, Nanhai District, Guangdong Province, Foshan, CHN, 528200

Website

http://www.st-sat.com

Foshan Yowant Technology Co Ltd formerly Saturday Co Ltd is engaged in the production and sales of fashion leather shoes, and wholesale and retail diversified products. The brands of the company include ST&SAT, FONDBERYL, SAFIYA, and SATURDAY MODE.

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