Zhejiang Yongtai Technology Co (SZSE:002326) ROCE % : -9.08% (As of Sep. 2024)

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What is Zhejiang Yongtai 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 Yongtai Technology Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -9.08%.

Zhejiang Yongtai Technology Co ROCE % Historical Data

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

Zhejiang Yongtai Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.56

4.68

11.85

17.66

-12.33

Zhejiang Yongtai Technology 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															-8.82	-44.13	5.57	5.55	-9.08

Zhejiang Yongtai Technology Co ROCE % Calculation

Zhejiang Yongtai 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 )
	=	-664.064	/	( ( (11354.322 - 5766.273)	+	(11404.307 - 6216.865) )	/ 2 )
	=	-664.064	/	( (5588.049	+	5187.442)	/ 2 )
	=	-664.064	/	5387.7455
	=	-12.33 %

Zhejiang Yongtai Technology 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 )
	=	-467.596	/	( ( (11402.212 - 6204.693)	+	(11496.03 - 6389.905) )	/ 2 )
	=	-467.596	/	( ( 5197.519	+	5106.125 )	/ 2 )
	=	-467.596	/	5151.822
	=	-9.08 %

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

Zhejiang Yongtai Technology Co (SZSE:002326) 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 Yongtai Technology Co ROCE % Related Terms

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Zhejiang Yongtai Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Zhejiang Yongtai Technology Co Ltd (SZSE:002326) » Definitions » ROCE %

Traded in Other Exchanges

YTT:UK Y83:Germany

Address

No. 1 Donghai Fifth Avenue, Linhai Park, Zhejiang Chemical API Base, Zhejiang Province, Zhejiang, CHN, 317016

Website

http://www.yongtaitech.com

Zhejiang Yongtai Technology Co Ltd is a fluorinated pharmaceutical, crop science, and new energy materials manufacturer with fluorine-containing technology as the core, technological innovation as the impetus, and intelligent manufacturing as the driving force, which is able to provide customized R&D services, manufacturing and technical services for domestic and overseas customers with its vertically integrated industrial chain, a flexible and comprehensive production platform, and specialized R&D innovation teams.

Executives

Wang Ying Mei	Director
Chen Li Jie	Directors, executives
Wang Chun Hua	Executives
Shao Hong Ming	Director
Zhang Zheng Qiu	Supervisors
Jin Yi Zhong	Directors, executives
He Ren Bao	Directors, executives
Chen Yi Jin	Executives
Wu Wei Bing	Supervisors
Lin Bao Ming	Supervisors
Chen Li Ping	Securities Affairs Representative
Xiang Yu Yan	Executives
Luo Jian Rong	Directors, executives
Huang Wei Bin	Supervisors
Guan Hui	Directors, executives

Zhejiang Yongtai Technology Co Headlines

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