Zhejiang Yaguang Technology Co (SHSE:603282) ROCE % : -0.60% (As of Jun. 2024)

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What is Zhejiang Yaguang Technology 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 Yaguang Technology Co's annualized ROCE % for the quarter that ended in Jun. 2024 was -0.60%.

Zhejiang Yaguang Technology Co ROCE % Historical Data

The historical data trend for Zhejiang Yaguang Technology 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 Yaguang Technology Co ROCE % Chart

Zhejiang Yaguang Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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32.04

32.49

25.73

34.38

19.27

Zhejiang Yaguang Technology Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial										13.38	18.62	11.35	15.57	-0.60

Zhejiang Yaguang Technology Co ROCE % Calculation

Zhejiang Yaguang Technology 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 )
	=	182.976	/	( ( (2095.543 - 1467.956)	+	(2733.449 - 1461.518) )	/ 2 )
	=	182.976	/	( (627.587	+	1271.931)	/ 2 )
	=	182.976	/	949.759
	=	19.27 %

Zhejiang Yaguang Technology Co's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	-7.784	/	( ( (2707.12 - 1386.745)	+	(2729.517 - 1462.277) )	/ 2 )
	=	-7.784	/	( ( 1320.375	+	1267.24 )	/ 2 )
	=	-7.784	/	1293.8075
	=	-0.60 %

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

Zhejiang Yaguang Technology Co (SHSE:603282) 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.

Zhejiang Yaguang Technology Co ROCE % Related Terms

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Zhejiang Yaguang Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang Yaguang Technology Co Ltd (SHSE:603282) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 4525, Binhai 3rd Road, Binhai Park, Economic and Technological Development Zone, Zhejiang Province, Wenzhou, CHN, 325025

Website

http://www.china-yaguang.com

Zhejiang Yaguang Technology Co Ltd is engaged in the research and development, production and sales of equipment for evaporation, crystallization, filtration, cleaning, drying, and organic solvent distillation in various industrial fields.

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