Yunnan Bowin Technology And Industry Co (SHSE:600883) ROCE % : 7.33% (As of Sep. 2024)

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What is Yunnan Bowin Technology And Industry 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. Yunnan Bowin Technology And Industry Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 7.33%.

Yunnan Bowin Technology And Industry Co ROCE % Historical Data

The historical data trend for Yunnan Bowin Technology And Industry 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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Yunnan Bowin Technology And Industry Co ROCE % Chart

Yunnan Bowin Technology And Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-2.39

-2.44

7.52

10.01

10.77

Yunnan Bowin Technology And Industry 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															14.28	6.17	10.24	6.52	7.33

Yunnan Bowin Technology And Industry Co ROCE % Calculation

Yunnan Bowin Technology And Industry 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 )
	=	95.797	/	( ( (873.951 - 26.654)	+	(963.924 - 32.255) )	/ 2 )
	=	95.797	/	( (847.297	+	931.669)	/ 2 )
	=	95.797	/	889.483
	=	10.77 %

Yunnan Bowin Technology And Industry 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 )
	=	71.268	/	( ( (1000.306 - 40.414)	+	(1018.83 - 32.973) )	/ 2 )
	=	71.268	/	( ( 959.892	+	985.857 )	/ 2 )
	=	71.268	/	972.8745
	=	7.33 %

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

Yunnan Bowin Technology And Industry Co (SHSE:600883) 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.

Yunnan Bowin Technology And Industry Co ROCE % Related Terms

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Yunnan Bowin Technology And Industry Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Yunnan Bowin Technology And Industry Co Ltd (SHSE:600883) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Xiaobaozi, Hanzhuang Town, Longyang District, Yunnan Province, Baoshan, CHN, 650041

Website

http://www.ynbowin.com

Yunnan Bowin Technology And Industry Co Ltd is a China-based company operating in the basic material sector. It is primarily engaged in cement grinding and sale of cement products. It offers ordinary Portland cement 52.5 grade, Portland cement 42.5 grade, and composite Portland cement 32.5R grade. Its cement products are mainly used in urban real estate development, as well as in infrastructure projects such as roads and water conservancy projects. The company sells its cement products mainly in China.

Executives

Mei Run Zhong

Supervisors

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