Zhejiang Yongan Rongtong Holdings Co (HKSE:08211) ROCE % : -22.73% (As of Dec. 2023)

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What is Zhejiang Yongan Rongtong Holdings 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. Zhejiang Yongan Rongtong Holdings Co's annualized ROCE % for the quarter that ended in Dec. 2023 was -22.73%.

Zhejiang Yongan Rongtong Holdings Co ROCE % Historical Data

The historical data trend for Zhejiang Yongan Rongtong Holdings 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.

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Zhejiang Yongan Rongtong Holdings Co ROCE % Chart

Zhejiang Yongan Rongtong Holdings Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-13.43

-8.50

-8.24

-11.77

-14.43

Zhejiang Yongan Rongtong Holdings Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-30.02	-7.67	-9.79	-17.93	-22.73

Zhejiang Yongan Rongtong Holdings Co ROCE % Calculation

Zhejiang Yongan Rongtong Holdings 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 )
	=	-29.213	/	( ( (274.59 - 48.348)	+	(481.654 - 302.946) )	/ 2 )
	=	-29.213	/	( (226.242	+	178.708)	/ 2 )
	=	-29.213	/	202.475
	=	-14.43 %

Zhejiang Yongan Rongtong Holdings 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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-40.616	/	( ( (0 - 0)	+	(481.654 - 302.946) )	/ 1 )
	=	-40.616	/	( ( 0	+	178.708 )	/ 1 )
	=	-40.616	/	178.708
	=	-22.73 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Zhejiang Yongan Rongtong Holdings Co (HKSE:08211) 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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Zhejiang Yongan Rongtong Holdings Co (HKSE:08211) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Zhejiang Yongan Rongtong Holdings Co Ltd (HKSE:08211) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

6-8 Harbour Road, Suites 2701-08, 27/F, Shui On Centre, Wanchai, Hong Kong, HKG

Website

http://www.zj-yongan.com

Zhejiang Yongan Rongtong Holdings Co Ltd is the manufacturer and seller of woven fabric. Its segment includes Woven fabrics, Subcontracting services. The Woven fabrics segment which derives the majority of revenue engages in the manufacture and sale of woven fabrics; The Subcontracting services segment includes the provision of woven fabrics subcontracting services. Its product comprises cotton, polyester, spandex, and fashion fabrics. These products are exported to various overseas markets such as Europe, South America, the Middle East, and Others overseas.

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