Yi Chun Green Technology Co (ROCO:6912) ROCE % : -54.72% (As of Jun. 2024)

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What is Yi Chun Green Technology 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. Yi Chun Green Technology Co's annualized ROCE % for the quarter that ended in Jun. 2024 was -54.72%.

Yi Chun Green Technology Co ROCE % Historical Data

The historical data trend for Yi Chun Green Technology 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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Yi Chun Green Technology Co ROCE % Chart

Yi Chun Green Technology Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-66.56

-165.59

-93.71

-63.59

Yi Chun Green Technology Co Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial			-50.85	-68.01	-47.55	-46.98	-54.72

Yi Chun Green Technology Co ROCE % Calculation

Yi Chun Green Technology 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 )
	=	-89.563	/	( ( (121.569 - 21.565)	+	(217.835 - 36.14) )	/ 2 )
	=	-89.563	/	( (100.004	+	181.695)	/ 2 )
	=	-89.563	/	140.8495
	=	-63.59 %

Yi Chun Green Technology 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 )
	=	-102.946	/	( ( (217.835 - 36.14)	+	(240.108 - 45.566) )	/ 2 )
	=	-102.946	/	( ( 181.695	+	194.542 )	/ 2 )
	=	-102.946	/	188.1185
	=	-54.72 %

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

Yi Chun Green Technology Co (ROCO:6912) 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.

Yi Chun Green Technology Co ROCE % Related Terms

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Yi Chun Green Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Yi Chun Green Technology Co (ROCO:6912) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 761, Sec. 2, Youguan Road, Luzhu District, Taoyuan, TWN, 338002

Website

https://www.yichungt.com

Yi Chun Green Technology Co is a Company which is engaged in the business of recycling and reusing used diapers including related absorbent sanitary materials and factory-made defective diapers and their related scraps. The treatment methods for defective waste diapers are mostly incineration. The diapers contain plastics that cannot be decomposed and highly absorbent molecules. The company's main source of income is diaper recycling and the sale of recycled raw materials. After processing with patented technology, it is reduced to three main recycled materials.

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