Buyang International Holding (HKSE:02457) ROCE % : 7.52% (As of Jun. 2024)

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What is Buyang International Holding 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. Buyang International Holding's annualized ROCE % for the quarter that ended in Jun. 2024 was 7.52%.

Buyang International Holding ROCE % Historical Data

The historical data trend for Buyang International Holding'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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Buyang International Holding ROCE % Chart

Buyang International Holding Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

133.89

41.20

25.86

23.64

14.89

Buyang International Holding Semi-Annual Data
	Dec19	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial			29.94	20.48	11.69	17.86	7.52

Buyang International Holding ROCE % Calculation

Buyang International Holding'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 )
	=	62.955	/	( ( (551.213 - 130.957)	+	(545.923 - 120.396) )	/ 2 )
	=	62.955	/	( (420.256	+	425.527)	/ 2 )
	=	62.955	/	422.8915
	=	14.89 %

Buyang International Holding'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 )
	=	32.236	/	( ( (545.923 - 120.396)	+	(526.562 - 94.997) )	/ 2 )
	=	32.236	/	( ( 425.527	+	431.565 )	/ 2 )
	=	32.236	/	428.546
	=	7.52 %

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

Buyang International Holding (HKSE:02457) 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.

Buyang International Holding ROCE % Related Terms

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Buyang International Holding Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Buyang International Holding Inc (HKSE:02457) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 8 Buyang Road, Xicheng Street, Xicheng Jiedao, Zhejiang Province, Yongkang, CHN

Website

http://www.bywheel.com

Buyang International Holding Inc is an aluminum alloy automobile wheel manufacturer focusing on the aftermarket which is the market for parts and accessories used in the repair or maintenance of an automobile. It manufactures and sells different types of aluminum alloy automobile wheels to customers. Geographically it generates the majority of its revenue from Asia.

Executives

First Oriental Limited	2101 Beneficial owner
Topsun Investment Holding Company Limited	2201 Interest of corporation controlled by you
Arda (hk) Investment Co., Limited	2101 Beneficial owner
Xu Bu Yun	2201 Interest of corporation controlled by you
Chen Jiang Yue	2202 Interest of your spouse
Hu Zhong Huai	2201 Interest of corporation controlled by you

Buyang International Holding Headlines

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