Yuan Cheng Cable Co (SZSE:002692) ROCE % : 8.80% (As of Mar. 2024)

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What is Yuan Cheng Cable 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. Yuan Cheng Cable Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 8.80%.

Yuan Cheng Cable Co ROCE % Historical Data

The historical data trend for Yuan Cheng Cable 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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Yuan Cheng Cable Co ROCE % Chart

Yuan Cheng Cable Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.70

-3.38

4.90

8.76

9.28

Yuan Cheng Cable 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															6.01	9.16	9.43	12.99	8.80

Yuan Cheng Cable Co ROCE % Calculation

Yuan Cheng Cable 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 )
	=	102.882	/	( ( (2455.277 - 1360.209)	+	(2717.167 - 1595.081) )	/ 2 )
	=	102.882	/	( (1095.068	+	1122.086)	/ 2 )
	=	102.882	/	1108.577
	=	9.28 %

Yuan Cheng Cable 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 )
	=	99.448	/	( ( (2717.167 - 1595.081)	+	(2713.882 - 1576.161) )	/ 2 )
	=	99.448	/	( ( 1122.086	+	1137.721 )	/ 2 )
	=	99.448	/	1129.9035
	=	8.80 %

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

Yuan Cheng Cable Co (SZSE:002692) 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.

Yuan Cheng Cable Co ROCE % Related Terms

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Yuan Cheng Cable Co (SZSE:002692) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Yuan Cheng Cable Co Ltd (SZSE:002692) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 8, Yuancheng Road, Guanlin Town, Jiangsu Province, Yixing, CHN, 214251

Website

http://www.yccable.cn

Yuan Cheng Cable Co Ltd is engaged in the production of power cables. Its product portfolio includes low voltage power cable, medium voltage power cable, high voltage power cable, control cable, cloth wire, overhead insulated cable wire, mineral insulated cable, fireproof cable, special cable, and nuclear cable among others.

Executives

Yu Zhao Peng	Supervisors
Yu Guo Ping	Directors, executives
Li Zhi Qiang	Directors, executives
Yang Xiao Ming	Director

Yuan Cheng Cable Co (SZSE:002692) Headlines

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