Yantai Eddie Precision Machinery Co (SHSE:603638) ROCE % : 9.91% (As of Sep. 2024)

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What is Yantai Eddie Precision Machinery 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. Yantai Eddie Precision Machinery Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 9.91%.

Yantai Eddie Precision Machinery Co ROCE % Historical Data

The historical data trend for Yantai Eddie Precision Machinery 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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Yantai Eddie Precision Machinery Co ROCE % Chart

Yantai Eddie Precision Machinery Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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26.73

26.84

20.06

9.11

8.95

Yantai Eddie Precision Machinery 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															6.57	9.03	10.55	12.20	9.91

Yantai Eddie Precision Machinery Co ROCE % Calculation

Yantai Eddie Precision Machinery 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 )
	=	378.111	/	( ( (5547.899 - 1429.659)	+	(5890.215 - 1557.815) )	/ 2 )
	=	378.111	/	( (4118.24	+	4332.4)	/ 2 )
	=	378.111	/	4225.32
	=	8.95 %

Yantai Eddie Precision Machinery 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 )
	=	438.656	/	( ( (6154.644 - 1736.338)	+	(6437.138 - 1999.513) )	/ 2 )
	=	438.656	/	( ( 4418.306	+	4437.625 )	/ 2 )
	=	438.656	/	4427.9655
	=	9.91 %

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

Yantai Eddie Precision Machinery Co (SHSE:603638) 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.

Yantai Eddie Precision Machinery Co ROCE % Related Terms

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Yantai Eddie Precision Machinery Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Yantai Eddie Precision Machinery Co Ltd (SHSE:603638) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.356, Changjianglu Road, Yantai economic and technological development zone, Shandong Province, Yantai, CHN, 264006

Website

http://www.cceddie.net

Yantai Eddie Precision Machinery Co Ltd is a China based manufacturer of hydraulic breaker and related equipment. It develops, produces and sells hydraulic breaker, quick coupler, high-frequency vibration breaker, hydraulic shear, hydraulic crusher, stone grapple, log grapple and other attachments for construction machinery. The company sells its products in China, and also exports it to the various other countries.

Executives

Zhong Zhi Ping	senior management
Song Peng	Directors, senior managers
Li Jiao Yun	senior management
Feng Xiao Hua	senior management
Song Ou	Directors, senior managers
Xu Shang Wu	Directors, senior managers
Song Fei	Directors, senior managers
Song Yu Xuan	Director
Zhang Pei Dong	Director
Liu Shi Min	Supervisors
	Director
Liu Shi Min	Director

Yantai Eddie Precision Machinery Co Headlines

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