Yangzijiang Shipbuilding (Holdings) (SGX:BS6) ROCE % : 18.38% (As of Dec. 2022)

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What is Yangzijiang Shipbuilding (Holdings) 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. Yangzijiang Shipbuilding (Holdings)'s annualized ROCE % for the quarter that ended in Dec. 2022 was 18.38%.

Yangzijiang Shipbuilding (Holdings) ROCE % Historical Data

The historical data trend for Yangzijiang Shipbuilding (Holdings)'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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Yangzijiang Shipbuilding (Holdings) ROCE % Chart

Yangzijiang Shipbuilding (Holdings) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.41

9.61

7.28

10.54

23.33

Yangzijiang Shipbuilding (Holdings) Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Dec23
ROCE %	Get a 7-Day Free Trial															6.82	7.61	10.15	18.38	-

Yangzijiang Shipbuilding (Holdings) ROCE % Calculation

Yangzijiang Shipbuilding (Holdings)'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 )
	=	975.093	/	( ( (6392.262 - 2376.556)	+	(7623.788 - 3279.093) )	/ 2 )
	=	975.093	/	( (4015.706	+	4344.695)	/ 2 )
	=	975.093	/	4180.2005
	=	23.33 %

Yangzijiang Shipbuilding (Holdings)'s ROCE % of for the quarter that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2022 )		(Q: Jun. 2022 )		(Q: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2022 )		(Q: Jun. 2022 )		(Q: Dec. 2022 )
	=	729.552	/	( ( (6523.475 - 2599.199)	+	(6392.262 - 2376.556) )	/ 2 )
	=	729.552	/	( ( 3924.276	+	4015.706 )	/ 2 )
	=	729.552	/	3969.991
	=	18.38 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2022) EBIT data.

Yangzijiang Shipbuilding (Holdings) (SGX:BS6) 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.

Yangzijiang Shipbuilding (Holdings) ROCE % Related Terms

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Yangzijiang Shipbuilding (Holdings) (SGX:BS6) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Yangzijiang Shipbuilding (Holdings) Ltd (SGX:BS6) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

YSHLF:USA B8O:Germany

Address

No. 1 Lianyi Road, Jiangyin-Jingjiang Industry Zone, Jiangsu Province, Jingjiang, CHN, 214532

Website

http://www.yzjship.com

Yangzijiang Shipbuilding (Holdings) Ltd is a large conglomerate, with shipbuilding and offshore engineering as its core focus. Its reportable segments comprise Shipbuilding, Shipping and others. The majority of revenue gets derived from the Shipbuilding segment that of shipbuilding and offshore marine equipment construction. The principal activities of the shipping segment consist of charter hire income earned by vessel owning companies. Geographically, it generates revenue from China.

Yangzijiang Shipbuilding (Holdings) (SGX:BS6) Headlines

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