Ningbo Yunsheng Co (SHSE:600366) ROCE % : 2.35% (As of Sep. 2024)

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What is Ningbo Yunsheng 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. Ningbo Yunsheng Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 2.35%.

Ningbo Yunsheng Co ROCE % Historical Data

The historical data trend for Ningbo Yunsheng 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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Ningbo Yunsheng Co ROCE % Chart

Ningbo Yunsheng Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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1.23

5.47

12.99

7.73

-3.91

Ningbo Yunsheng Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-3.89	1.46	0.21	3.07	2.35

Ningbo Yunsheng Co ROCE % Calculation

Ningbo Yunsheng 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 )
	=	-260.338	/	( ( (9694.263 - 3035.836)	+	(8562.121 - 1889.176) )	/ 2 )
	=	-260.338	/	( (6658.427	+	6672.945)	/ 2 )
	=	-260.338	/	6665.686
	=	-3.91 %

Ningbo Yunsheng Co's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	154.356	/	( ( (8895.008 - 2210.902)	+	(8940.801 - 2499.739) )	/ 2 )
	=	154.356	/	( ( 6684.106	+	6441.062 )	/ 2 )
	=	154.356	/	6562.584
	=	2.35 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

Ningbo Yunsheng Co (SHSE:600366) 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.

Ningbo Yunsheng Co ROCE % Related Terms

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Ningbo Yunsheng Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ningbo Yunsheng Co Ltd (SHSE:600366) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1 Yangfan Road, New and High-Technology Development Zone, Ningbo, Zhejiang, CHN, 315040

Website

http://www.yunsheng.com

Ningbo Yunsheng Co Ltd is engaged in the research and development, manufacture, and sale of rare earth permanent magnet materials. Its products include Radiation ring splicing assembly, Plane rotor assembly, Laminated magnetic steel assembly, Permanent magnet rotor assembly for servo motor. Its products are widely used in electronic information, industrial equipment, automotive, medical and other fields which are exported to Europe, the United States and Southeast Asian countries and regions.

Executives

Lin Sen You	Supervisors
Pan Yong Ming	Supervisors
Mao Ying Cai	Directors, senior managers
Wu Jia Hao	Director
Xiang Chao Lin	Director
Zhu Shi Dong	Director
Zhang Jia Hua	senior management
Wang Gang	Supervisors
Zhu Xiao Dong	Director
Xu Wen Zheng	Director
Chen Xin Sheng	senior management
Fu Jian Jie	Director
Yang Qing Zhong	senior management
Guo Zheng Lun	Supervisors
Tu Shi Xiong	senior management

Ningbo Yunsheng Co Headlines

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