CYD (China Yuchai International) ROCE % : 35.78% (As of Jun. 2024)

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What is China Yuchai International 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. China Yuchai International's annualized ROCE % for the quarter that ended in Jun. 2024 was 35.78%.

China Yuchai International ROCE % Historical Data

The historical data trend for China Yuchai International'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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China Yuchai International ROCE % Chart

China Yuchai International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.29

8.94

4.44

3.66

4.95

China Yuchai International Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															14.63	13.87	31.72	17.46	35.78

China Yuchai International ROCE % Calculation

China Yuchai International'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 )
	=	93.406	/	( ( (3462.22 - 1609.854)	+	(3607.408 - 1688.83) )	/ 2 )
	=	93.406	/	( (1852.366	+	1918.578)	/ 2 )
	=	93.406	/	1885.472
	=	4.95 %

China Yuchai International's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	132.32	/	( ( (3607.408 - 1688.83)	+	(0 - 1178.916) )	/ 2 )
	=	132.32	/	( ( 1918.578	+	-1178.916 )	/ 2 )
	=	132.32	/	369.831
	=	35.78 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

China Yuchai International (NYSE:CYD) 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.

China Yuchai International ROCE % Related Terms

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China Yuchai International Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » China Yuchai International Ltd (NYSE:CYD) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

CYD:Germany

Address

16 Raffles Quay, No. 39-01A, Hong Leong Building, Singapore, SGP, 048581

Website

https://www.cyilimited.com

China Yuchai International Ltd is a Bermuda holding company that is a subsidiary of Singapore-based Hong Leong Asia. China Yuchai International primarily operates through its majority-owned subsidiary Guangxi Yuchai Machinery Company, a China-based company that manufactures, assembles, and distributes diesel engines for various vehicles including trucks, buses, and cars, as well as construction and agricultural, marine, and power-generation equipment. It generates the majority of its sales from the Chinese market.