Yue Da International Holdings (HKSE:00629) ROCE % : 2.84% (As of Dec. 2023)

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What is Yue Da International Holdings 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. Yue Da International Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 2.84%.

Yue Da International Holdings ROCE % Historical Data

The historical data trend for Yue Da International Holdings'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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Yue Da International Holdings ROCE % Chart

Yue Da International Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.83

4.30

8.31

14.56

9.02

Yue Da International Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															1.59	11.15	19.15	15.67	2.84

Yue Da International Holdings ROCE % Calculation

Yue Da International Holdings'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 )
	=	49.7	/	( ( (1010.763 - 442.614)	+	(803.073 - 269.31) )	/ 2 )
	=	49.7	/	( (568.149	+	533.763)	/ 2 )
	=	49.7	/	550.956
	=	9.02 %

Yue Da International Holdings'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 )
	=	14.82	/	( ( (793.555 - 281.965)	+	(803.073 - 269.31) )	/ 2 )
	=	14.82	/	( ( 511.59	+	533.763 )	/ 2 )
	=	14.82	/	522.6765
	=	2.84 %

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

Yue Da International Holdings (HKSE:00629) 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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Yue Da International Holdings (HKSE:00629) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Yue Da International Holdings Ltd (HKSE:00629) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

No. 168 - 200 Connaught Road Central, 33rd Floor, China Merchants Tower, Office No. 3321-3323 and 3325, Shun Tak Centre, Sheung Wan, Hong Kong, HKG

Website

http://www.yueda.com.hk

Yue Da International Holdings Ltd is an investment holding company. The company operates through one segment namely, the Factoring business. Factoring business offers trade finance, sales ledger management, customer credit rating, accounts receivable management and collection, credit risk guarantee, supply chain management, and other related solutions in China.

Yue Da International Holdings (HKSE:00629) Headlines

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