Yadong Group Holdings (HKSE:01795) ROCE % : 29.40% (As of Dec. 2023)

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What is Yadong Group 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. Yadong Group Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 29.40%.

Yadong Group Holdings ROCE % Historical Data

The historical data trend for Yadong Group 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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Yadong Group Holdings ROCE % Chart

Yadong Group Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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58.27

38.95

24.06

27.70

20.72

Yadong Group Holdings Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial						14.22	33.03	22.48	12.38	29.40

Yadong Group Holdings ROCE % Calculation

Yadong Group 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 )
	=	65.3	/	( ( (858.116 - 549.148)	+	(897.447 - 576.167) )	/ 2 )
	=	65.3	/	( (308.968	+	321.28)	/ 2 )
	=	65.3	/	315.124
	=	20.72 %

Yadong Group 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 )
	=	92.444	/	( ( (851.132 - 543.494)	+	(897.447 - 576.167) )	/ 2 )
	=	92.444	/	( ( 307.638	+	321.28 )	/ 2 )
	=	92.444	/	314.459
	=	29.40 %

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

Yadong Group Holdings (HKSE:01795) 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.

Yadong Group Holdings ROCE % Related Terms

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Yadong Group Holdings (HKSE:01795) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Yadong Group Holdings Ltd (HKSE:01795) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

288 Des Voeux Road, Unit B, 11th Floor Eton Building, Central, Hong Kong, HKG

Website

http://www.yadongtextile.com

Yadong Group Holdings Ltd is engaged in designing, processing and sale of textile fabric products. It is also engaged in the provision of just processing services. The company's textile fabric products are categorized into two broad types, namely plain weave Fabrics, and Corduroy fabrics. The company sell its textile fabric products mainly to garment manufacturers as well as trading companies.

Executives

Hu Beixia	2202 Interest of your spouse
Oriental Ever Holdings Limited	2101 Beneficial owner
Xue Shidong	2201 Interest of corporation controlled by you

Yadong Group Holdings (HKSE:01795) Headlines

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