ShenZhen YUTO Packaging Technology Co (SZSE:002831) ROCE % : 8.90% (As of Mar. 2024)

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What is ShenZhen YUTO Packaging 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. ShenZhen YUTO Packaging Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 8.90%.

ShenZhen YUTO Packaging Technology Co ROCE % Historical Data

The historical data trend for ShenZhen YUTO Packaging 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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ShenZhen YUTO Packaging Technology Co ROCE % Chart

ShenZhen YUTO Packaging Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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19.49

16.93

12.67

16.39

15.03

ShenZhen YUTO Packaging Technology 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															8.13	11.20	22.25	20.32	8.90

ShenZhen YUTO Packaging Technology Co ROCE % Calculation

ShenZhen YUTO Packaging 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 )
	=	1944.648	/	( ( (21065.887 - 8201.799)	+	(22186.293 - 9165.331) )	/ 2 )
	=	1944.648	/	( (12864.088	+	13020.962)	/ 2 )
	=	1944.648	/	12942.525
	=	15.03 %

ShenZhen YUTO Packaging Technology 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 )
	=	1184.776	/	( ( (22186.293 - 9165.331)	+	(21496.66 - 7883.686) )	/ 2 )
	=	1184.776	/	( ( 13020.962	+	13612.974 )	/ 2 )
	=	1184.776	/	13316.968
	=	8.90 %

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

ShenZhen YUTO Packaging Technology Co (SZSE:002831) 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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ShenZhen YUTO Packaging Technology Co (SZSE:002831) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » ShenZhen YUTO Packaging Technology Co Ltd (SZSE:002831) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.1 Shihuan Road, Shiyan Town, Baoan District, Shenzhen, CHN, 518108

Website

http://www.szyuto.com

ShenZhen YUTO Packaging Technology Co Ltd provides printing and packaging solutions. The company specializes in consumer electronics, health, tobacco, cosmetics, food and other industries. It provides products and solutions, including color boxes, gift boxes, brochures, stickers, cartons, paper holders and intelligent packaging, environmental packaging, functional packaging, while providing creative design, innovative research and development, integrated manufacturing, automation large-scale production, multi-regional operation and the nearest fast delivery and other professional services.

Executives

Li Yu Xuan	Secretary Dong
Wang Bin Chu	Executives
Deng Qin	Supervisors
Wu Lan Lan	Directors, executives
Liu Zhong Qing	Executives
Zhang En Fang	Directors, executives
Wang Hua Jun	Directors, executives
Peng Jing	Supervisors
Tang Zi Wei	Supervisors
Zhu Yong Li	Executives

ShenZhen YUTO Packaging Technology Co (SZSE:002831) Headlines

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