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Zhejiang Yueling Co (SZSE:002725) ROCE % : -4.65% (As of Sep. 2024)


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What is Zhejiang Yueling 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 Yueling Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -4.65%.


Zhejiang Yueling Co ROCE % Historical Data

The historical data trend for Zhejiang Yueling 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.

* Premium members only.

Zhejiang Yueling Co ROCE % Chart

Zhejiang Yueling Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.18 -0.50 0.59 0.13 -5.72

Zhejiang Yueling 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.67 -7.60 1.37 0.44 -4.65

Zhejiang Yueling Co ROCE % Calculation

Zhejiang Yueling 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 )
=-57.386/( ( (1272.391 - 240.179) + (1251.331 - 276.962) )/ 2 )
=-57.386/( (1032.212+974.369)/ 2 )
=-57.386/1003.2905
=-5.72 %

Zhejiang Yueling 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 )
=-45.232/( ( (1234.767 - 257.687) + (1269.01 - 301.999) )/ 2 )
=-45.232/( ( 977.08 + 967.011 )/ 2 )
=-45.232/972.0455
=-4.65 %

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

* 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.


Zhejiang Yueling Co  (SZSE:002725) 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 Yueling Co ROCE % Related Terms

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Zhejiang Yueling Co Business Description

Traded in Other Exchanges
N/A
Address
No. 888, Zeguo Avenue, Zeguo Town, Zhejiang Province, Wenling, CHN, 317523
Zhejiang Yueling Co Ltd is engaged in research, design, and sales of aluminum alloy wheels for auto mobiles and motorcycles. Its products are divided into self-designed products and customized products. Its main products are geared motors, micro geared motors, speed control motors, geared motors.
Executives
Wan Kun Executives
Wan Shi Wen Directors, executives
Lin Xin Fu Directors, executives
Lin Xian Ming Director
Zhong Xiao Tou Director
Lin Ping Directors, executives
Lin Bin Directors, executives
Lu Yue Song Directors, Directors, and Executives

Zhejiang Yueling Co Headlines

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