Zhejiang Yuejian Intelligent Equipment Co (SHSE:603095) ROCE % : 5.43% (As of Sep. 2024)

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What is Zhejiang Yuejian Intelligent Equipment 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. Zhejiang Yuejian Intelligent Equipment Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 5.43%.

Zhejiang Yuejian Intelligent Equipment Co ROCE % Historical Data

The historical data trend for Zhejiang Yuejian Intelligent Equipment 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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Zhejiang Yuejian Intelligent Equipment Co ROCE % Chart

Zhejiang Yuejian Intelligent Equipment Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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20.91

9.53

18.00

21.87

2.38

Zhejiang Yuejian Intelligent Equipment 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															3.51	-2.88	2.17	5.64	5.43

Zhejiang Yuejian Intelligent Equipment Co ROCE % Calculation

Zhejiang Yuejian Intelligent Equipment 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 )
	=	60.709	/	( ( (3209.989 - 647.266)	+	(3080.852 - 547.01) )	/ 2 )
	=	60.709	/	( (2562.723	+	2533.842)	/ 2 )
	=	60.709	/	2548.2825
	=	2.38 %

Zhejiang Yuejian Intelligent Equipment 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 )
	=	136.292	/	( ( (3369.719 - 842.313)	+	(3328.207 - 837.263) )	/ 2 )
	=	136.292	/	( ( 2527.406	+	2490.944 )	/ 2 )
	=	136.292	/	2509.175
	=	5.43 %

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

Zhejiang Yuejian Intelligent Equipment Co (SHSE:603095) 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.

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Zhejiang Yuejian Intelligent Equipment Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang Yuejian Intelligent Equipment Co Ltd (SHSE:603095) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 688, Hupingshan Road, Qixian Street, Keqiao District, Zhejiang Province, Shaoxing, CHN, 312065

Website

http://www.yuejian.com.cn

Zhejiang Yuejian Intelligent Equipment Co Ltd is engaged in production and sale of textile machinery and equipment. The ompany's products include draw texturing machine, Rapier loom, Towel Rapier Loom, Warp knitting machine, Textile auxiliaries, and air covering machine.

Executives

Han Ming Hai	Directors, senior managers
Sun Jian Hua	Director
Ma Hong Guang	senior management
Wang Wei Liang	Directors, senior managers

Zhejiang Yuejian Intelligent Equipment Co Headlines

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