Shanghai Yahong Moulding Co (SHSE:603159) ROCE % : 5.40% (As of Mar. 2024)

View and export this data going back to 2016. Start your Free Trial

What is Shanghai Yahong Moulding 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. Shanghai Yahong Moulding Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.40%.

Shanghai Yahong Moulding Co ROCE % Historical Data

The historical data trend for Shanghai Yahong Moulding 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.

* Premium members only.

Shanghai Yahong Moulding Co ROCE % Chart

Shanghai Yahong Moulding Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

5.99

10.78

9.02

6.58

7.71

Shanghai Yahong Moulding Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															2.17	7.93	12.11	8.90	5.40

Shanghai Yahong Moulding Co ROCE % Calculation

Shanghai Yahong Moulding 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 )
	=	38.139	/	( ( (637.722 - 152.834)	+	(668.113 - 163.421) )	/ 2 )
	=	38.139	/	( (484.888	+	504.692)	/ 2 )
	=	38.139	/	494.79
	=	7.71 %

Shanghai Yahong Moulding Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	27.404	/	( ( (668.113 - 163.421)	+	(617.295 - 107.428) )	/ 2 )
	=	27.404	/	( ( 504.692	+	509.867 )	/ 2 )
	=	27.404	/	507.2795
	=	5.40 %

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

Shanghai Yahong Moulding Co (SHSE:603159) 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.

Shanghai Yahong Moulding Co ROCE % Related Terms

Thank you for viewing the detailed overview of Shanghai Yahong Moulding Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Shanghai Yahong Moulding Co (SHSE:603159) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shanghai Yahong Moulding Co Ltd (SHSE:603159) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 732, Huhang Road, Fengxian District, Shanghai, CHN, 201401

Website

http://www.yahong-mould.com

Shanghai Yahong Moulding Co Ltd is engaged in the research and development, design, production and sales of precision plastic mold and injection product. Its plastic molds and injection molded parts are used in domestic high-end car dashboards and microwaves. Its customers are first-tier suppliers and household appliances manufacturers of world-renowned automobile manufacturers.

Executives

Xu Zhi Gang	Directors, senior managers
Xie Yue	Director
Xie Ya Ming	Director
Li Jian Min	Director
Yang Jian Wei	senior management
Yan Li Ying	Director
Liu Kang	Supervisors
Xu Wei	Supervisors
Wang Zhong Ming	Directors, senior managers

Shanghai Yahong Moulding Co (SHSE:603159) Headlines

No Headlines