Shandong Yulong Gold Co (SHSE:601028) ROCE % : 15.24% (As of Sep. 2024)

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What is Shandong Yulong Gold 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. Shandong Yulong Gold Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 15.24%.

Shandong Yulong Gold Co ROCE % Historical Data

The historical data trend for Shandong Yulong Gold 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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Shandong Yulong Gold Co ROCE % Chart

Shandong Yulong Gold Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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0.03

5.51

15.29

12.50

17.41

Shandong Yulong Gold 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															15.67	13.14	17.92	21.54	15.24

Shandong Yulong Gold Co ROCE % Calculation

Shandong Yulong Gold 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 )
	=	700.4	/	( ( (5879.539 - 2190.417)	+	(9925.9 - 5568.899) )	/ 2 )
	=	700.4	/	( (3689.122	+	4357.001)	/ 2 )
	=	700.4	/	4023.0615
	=	17.41 %

Shandong Yulong Gold 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 )
	=	663.604	/	( ( (9737.124 - 5399.846)	+	(9846.171 - 5477.066) )	/ 2 )
	=	663.604	/	( ( 4337.278	+	4369.105 )	/ 2 )
	=	663.604	/	4353.1915
	=	15.24 %

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

Shandong Yulong Gold Co (SHSE:601028) 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.

Shandong Yulong Gold Co ROCE % Related Terms

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Shandong Yulong Gold Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Shandong Yulong Gold Co Ltd (SHSE:601028) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No.15 Yulong road, Yuqi Town, Wuxi, CHN, 214183

Website

http://www.yulongsteelpipe.com

Shandong Yulong Gold Co Ltd, formerly Jiangsu Yulong Steel Pipe Co Ltd is a China-based company primarily engaged in the business of steel pipes. The company's products include SAWH steel pipes, high-frequency longitudinal resistance welded pipes, rectangular steel pipes, 3PP/3PE/FBE anticorrosive pipes, corrosion steel pipes, and alloy-steel pipes. The products are widely used in the area of petroleum, petrochemical, natural gas, shale gas, pulp, water transportation and large steel structure. Geographically, the activities are carried out through China, however, its holds presence in both Chinese and international market.

Executives

Lu Fen Qi	Directors, senior managers
Liang Hai Tao	senior management
Liu Feng Yu	senior management
Wang Zhen Dong	senior management
Gao Feng	senior management
Meng Lu Sheng	Supervisors
Yan Bing Chao	senior management
Zhang Peng	Director
Niu Lei	Director
Li Zhen Chuan	Director
Wang Jian Ping	Director
Lv Yan Qing	senior management
Tang Ke Jun	Director
Tang Yong Qing	Director
Yao Guang Li	senior management

Shandong Yulong Gold Co Headlines

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