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Chongqing Mexin Yishen Machinery Co (BJSE:873833) ROCE % : 6.70% (As of Dec. 2023)


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What is Chongqing Mexin Yishen Machinery 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. Chongqing Mexin Yishen Machinery Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 6.70%.


Chongqing Mexin Yishen Machinery Co ROCE % Historical Data

The historical data trend for Chongqing Mexin Yishen Machinery 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.

* Premium members only.

Chongqing Mexin Yishen Machinery Co ROCE % Chart

Chongqing Mexin Yishen Machinery Co Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec20 Dec21 Dec22 Dec23
ROCE %
Get a 7-Day Free Trial Premium Member Only 20.78 18.26 17.03 13.37 9.31

Chongqing Mexin Yishen Machinery Co Semi-Annual Data
Dec13 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 15.02 13.41 13.53 13.26 6.70

Chongqing Mexin Yishen Machinery Co ROCE % Calculation

Chongqing Mexin Yishen Machinery 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 )
=53.893/( ( (706.813 - 205.737) + (778.726 - 121.968) )/ 2 )
=53.893/( (501.076+656.758)/ 2 )
=53.893/578.917
=9.31 %

Chongqing Mexin Yishen Machinery Co's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Dec. 2023 )  (Q: Jun. 2023 )(Q: Dec. 2023 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Dec. 2023 )  (Q: Jun. 2023 )(Q: Dec. 2023 )
=39.64/( ( (702.785 - 176.291) + (778.726 - 121.968) )/ 2 )
=39.64/( ( 526.494 + 656.758 )/ 2 )
=39.64/591.626
=6.70 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

* 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.


Chongqing Mexin Yishen Machinery Co  (BJSE:873833) 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.


Chongqing Mexin Yishen Machinery Co ROCE % Related Terms

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Chongqing Mexin Yishen Machinery Co (BJSE:873833) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
No. 192, Julong Avenue, Lidu New District, Fuling, Chongqing, CHN, 400060
Chongqing Mexin Yishen Machinery Co Ltd is engaged in research & development, production and sales of compressor crankshafts, general machine crankshafts, motorcycle crankshafts, scrolls and related products.

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