Yieh United Steel (ROCO:9957) ROCE % : -11.36% (As of Dec. 2023)

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What is Yieh United Steel 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. Yieh United Steel's annualized ROCE % for the quarter that ended in Dec. 2023 was -11.36%.

Yieh United Steel ROCE % Historical Data

The historical data trend for Yieh United Steel'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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Yieh United Steel ROCE % Chart

Yieh United Steel Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-9.51

-3.78

21.67

2.13

-7.35

Yieh United Steel Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															28.23	10.47	-5.50	-4.48	-11.36

Yieh United Steel ROCE % Calculation

Yieh United Steel'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 )
	=	-2631.875	/	( ( (59166.826 - 21358.967)	+	(60272.976 - 26493.691) )	/ 2 )
	=	-2631.875	/	( (37807.859	+	33779.285)	/ 2 )
	=	-2631.875	/	35793.572
	=	-7.35 %

Yieh United Steel'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 )
	=	-3711.506	/	( ( (54378.913 - 22842.642)	+	(60272.976 - 26493.691) )	/ 2 )
	=	-3711.506	/	( ( 31536.271	+	33779.285 )	/ 2 )
	=	-3711.506	/	32657.778
	=	-11.36 %

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

Yieh United Steel (ROCO:9957) 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.

Yieh United Steel ROCE % Related Terms

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Yieh United Steel (ROCO:9957) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Yieh United Steel Corp (ROCO:9957) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.600, Xinglong St., Jiaxing Vil, Gangshan District, Kaohsiung, TWN, 82057

Website

http://www.yusco.com.tw

Yieh United Steel Corp operates as a steel manufacturer. The products of the company include stainless steel small steel embryo, cold rolled steel coil, stainless steel hot-rolled steel sheet, stainless steel hot rolled black steel coil, carbon steel small steel embryo, and carbon steel hot rolled crude steel coil.

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