Shanghai Yanhua Smartech Group Co (SZSE:002178) ROCE % : -3.22% (As of Mar. 2024)

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What is Shanghai Yanhua Smartech Group 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 Yanhua Smartech Group Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -3.22%.

Shanghai Yanhua Smartech Group Co ROCE % Historical Data

The historical data trend for Shanghai Yanhua Smartech Group 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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Shanghai Yanhua Smartech Group Co ROCE % Chart

Shanghai Yanhua Smartech Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.10

-32.88

2.38

-23.08

5.64

Shanghai Yanhua Smartech Group 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															2.72	4.72	6.37	8.88	-3.22

Shanghai Yanhua Smartech Group Co ROCE % Calculation

Shanghai Yanhua Smartech Group 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 )
	=	36.681	/	( ( (1631.092 - 1031.432)	+	(1606.426 - 904.967) )	/ 2 )
	=	36.681	/	( (599.66	+	701.459)	/ 2 )
	=	36.681	/	650.5595
	=	5.64 %

Shanghai Yanhua Smartech Group 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 )
	=	-22.824	/	( ( (1606.426 - 904.967)	+	(1538.129 - 822.253) )	/ 2 )
	=	-22.824	/	( ( 701.459	+	715.876 )	/ 2 )
	=	-22.824	/	708.6675
	=	-3.22 %

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

Shanghai Yanhua Smartech Group Co (SZSE:002178) 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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Shanghai Yanhua Smartech Group Co (SZSE:002178) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Shanghai Yanhua Smartech Group Co Ltd (SZSE:002178) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

No. 518 Wuning South Road, Hitech Plaza, 20F, Jing'an District, Shanghai, Shanghai, CHN, 200042

Website

http://www.chinaforwards.com

Shanghai Yanhua Smartech Group Co Ltd is a comprehensive service provider in the intelligent architecture industry. It provides intelligent building project solutions for various industries. The company's smart city business covers top-level planning and design to smart city construction and operation, including smart energy conservation, smart environmental protection, smart healthcare, data center, smart community, smart campus, smart building, smart transportation and other business areas.

Executives

Liu Jin Ling	Executives
Wang Dong Wei	Executives
Wang Xiang Yu	Executives
Zhang Tai Lin	Executives
Pan Hui	Directors, executives
Luo Gui Hua	Independent director
Chi Wei Guo	Secretary, Director
Yue Leng	Executives
Wu Chao Hui	Directors, executives
Ye Xiao Lei	Supervisors
Zhang Bin	Executives
Jin Zhen	Executives
Sheng Xiang Fu	Executives
Weng Zhi Yong	Executives
Zhou Pei Cheng	Securities Affairs Representative

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