Dongguan Yiheda Automation Co (SZSE:301029) ROCE %

: 16.40% (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. Dongguan Yiheda Automation Co's annualized ROCE % for the quarter that ended in Sep. 2023 was 16.40%.

Dongguan Yiheda Automation Co ROCE % Historical Data

The historical data trend for Dongguan Yiheda Automation 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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Dongguan Yiheda Automation Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

26.93

87.80

25.27

25.52

23.34

Dongguan Yiheda Automation Co Quarterly Data
	Dec17	Dec18	Mar19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %															28.97	14.61	27.46	29.06	16.40

Dongguan Yiheda Automation Co ROCE % Calculation

Dongguan Yiheda Automation 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 )
	=	578.636	/	( ( (2775.123 - 505.77)	+	(3425.971 - 737.051) )	/ 2 )
	=	578.636	/	( (2269.353	+	2688.92)	/ 2 )
	=	578.636	/	2479.1365
	=	23.34 %

Dongguan Yiheda Automation 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 )
	=	483.724	/	( ( (3613.138 - 723.092)	+	(3612.078 - 604.085) )	/ 2 )
	=	483.724	/	( ( 2890.046	+	3007.993 )	/ 2 )
	=	483.724	/	2949.0195
	=	16.40 %

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

Dongguan Yiheda Automation Co (SZSE:301029) 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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Dongguan Yiheda Automation Co (SZSE:301029) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Dongguan Yiheda Automation Co Ltd (SZSE:301029) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Dongfang Industrial Zone, Beizha, Humen Town, Guangdong Province, Dongguan, CHN, 523000

Website

https://www.yhdfa.com

Dongguan Yiheda Automation Co Ltd specializes in the research and development, production and sales of automation components, and provides one-stop supply of factory automation components. The company is deeply involved in the automation equipment industry.

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