Yongtaiyun Chemical Logistics Co (SZSE:001228) ROCE % : 10.57% (As of Mar. 2024)

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What is Yongtaiyun Chemical Logistics 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. Yongtaiyun Chemical Logistics Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 10.57%.

Yongtaiyun Chemical Logistics Co ROCE % Historical Data

The historical data trend for Yongtaiyun Chemical Logistics 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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Yongtaiyun Chemical Logistics Co ROCE % Chart

Yongtaiyun Chemical Logistics Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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20.07

18.97

35.25

32.99

12.13

Yongtaiyun Chemical Logistics Co Quarterly Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial													12.23	19.97	11.50	5.15	10.57

Yongtaiyun Chemical Logistics Co ROCE % Calculation

Yongtaiyun Chemical Logistics 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 )
	=	232.982	/	( ( (2192.993 - 410.384)	+	(3918.129 - 1858.789) )	/ 2 )
	=	232.982	/	( (1782.609	+	2059.34)	/ 2 )
	=	232.982	/	1920.9745
	=	12.13 %

Yongtaiyun Chemical Logistics 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 )
	=	217.756	/	( ( (3918.129 - 1858.789)	+	(4452.124 - 2389.927) )	/ 2 )
	=	217.756	/	( ( 2059.34	+	2062.197 )	/ 2 )
	=	217.756	/	2060.7685
	=	10.57 %

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

Yongtaiyun Chemical Logistics Co (SZSE:001228) 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.

Yongtaiyun Chemical Logistics Co ROCE % Related Terms

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Yongtaiyun Chemical Logistics Co (SZSE:001228) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Yongtaiyun Chemical Logistics Co Ltd (SZSE:001228) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 17, Haifa Road, Room 301, Building 1, Beilun District, Zhejiang Province, Ningbo, CHN, 315813

Website

https://www.shipchem.com

Yongtaiyun Chemical Logistics Co Ltd is a one-stop visual logistics e-commerce platform, providing one-stop online international logistics comprehensive services such as shipping booking, trailers, warehouse interiors, freight insurance, tank services and others for hazardous chemicals-related enterprises and manufacturers.

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