Young Shine Electric Co (ROCO:2249) ROCE % : 55.35% (As of Jun. 2024)

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What is Young Shine Electric 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. Young Shine Electric Co's annualized ROCE % for the quarter that ended in Jun. 2024 was 55.35%.

Young Shine Electric Co ROCE % Historical Data

The historical data trend for Young Shine Electric 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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Young Shine Electric Co ROCE % Chart

Young Shine Electric Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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26.32

20.09

16.27

24.42

31.30

Young Shine Electric Co Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial										29.23	20.97	41.50	22.18	55.35

Young Shine Electric Co ROCE % Calculation

Young Shine Electric 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 )
	=	254.005	/	( ( (1219.615 - 465.577)	+	(1622.869 - 754.067) )	/ 2 )
	=	254.005	/	( (754.038	+	868.802)	/ 2 )
	=	254.005	/	811.42
	=	31.30 %

Young Shine Electric Co'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 )
	=	508.488	/	( ( (1622.869 - 754.067)	+	(1545.77 - 577.157) )	/ 2 )
	=	508.488	/	( ( 868.802	+	968.613 )	/ 2 )
	=	508.488	/	918.7075
	=	55.35 %

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

Young Shine Electric Co (ROCO:2249) 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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Young Shine Electric Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Young Shine Electric Co Ltd (ROCO:2249) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.5, Huanqu 4th Road, Qianzhen District, Kaohsiung Processing Export Zone, Kaohsiung, TWN, 806

Website

https://www.young-shine.com.tw

Young Shine Electric Co Ltd is engaged in distributing automotive air-conditioning components. The company's main business projects include the manufacturing, sales, and technical services of automobile air-conditioning compressors, heat exchangers, clutches, and automobile water tanks.

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