Zhejiang Yinlun Machinery Co (SZSE:002126) ROCE % : 14.10% (As of Mar. 2024)

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What is Zhejiang Yinlun 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. Zhejiang Yinlun Machinery Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 14.10%.

Zhejiang Yinlun Machinery Co ROCE % Historical Data

The historical data trend for Zhejiang Yinlun 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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Zhejiang Yinlun Machinery Co ROCE % Chart

Zhejiang Yinlun Machinery Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.76

10.69

6.62

9.60

13.21

Zhejiang Yinlun Machinery 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															11.91	13.78	13.75	13.64	14.10

Zhejiang Yinlun Machinery Co ROCE % Calculation

Zhejiang Yinlun 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 )
	=	911.8	/	( ( (13523.532 - 7143.452)	+	(16156.211 - 8730.698) )	/ 2 )
	=	911.8	/	( (6380.08	+	7425.513)	/ 2 )
	=	911.8	/	6902.7965
	=	13.21 %

Zhejiang Yinlun Machinery 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 )
	=	1062.664	/	( ( (16156.211 - 8730.698)	+	(16786.675 - 9140.437) )	/ 2 )
	=	1062.664	/	( ( 7425.513	+	7646.238 )	/ 2 )
	=	1062.664	/	7535.8755
	=	14.10 %

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

Zhejiang Yinlun Machinery Co (SZSE:002126) 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 Yinlun Machinery Co (SZSE:002126) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Zhejiang Yinlun Machinery Co Ltd (SZSE:002126) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Fuxi Road, Communication and Transportation Industrial Park, Tiantai County, Taizhou, Zhejiang, CHN, 317200

Website

http://www.yinlun.com

Zhejiang Yinlun Machinery Co Ltd provides heat exchange products and services in China and internationally. It provides oil coolers, including stainless steel, aluminum, and copper-tube oil coolers; and cooling modules comprising charge air coolers, water-air intercoolers, radiator, commercial vehicle cooling, engineering machinery cooling, car front-end, and other cooling module products. The company also offers exhaust gas recirculation systems, urea-SCR systems, and aluminum die-casting parts.

Executives

Chen Jun Yi	Executives
Wang Ning	Executives
Chen Gui Qi	Supervisors
Zhu Wen Bin	Supervisors
Xu Li Fen	Securities Affairs Representative
Chen Neng Mao	Director
Li Zhong Lin	Executives
Zhou Yi Min	Director
Chai Zhong Hua	Executives
Zhu Xiao Hong	Directors, executives
Ji Shan Kui	Director
Chen Bu Fei	Director
Liu Hao	Executives
Wang Da Lun	Director
Tao Yue Zheng	Secretary Dong

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