YingTong Telecommunication Co (SZSE:002861) ROCE % : -0.88% (As of Mar. 2024)

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What is YingTong Telecommunication 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. YingTong Telecommunication Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -0.88%.

YingTong Telecommunication Co ROCE % Historical Data

The historical data trend for YingTong Telecommunication 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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YingTong Telecommunication Co ROCE % Chart

YingTong Telecommunication Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.07

5.20

-1.93

-7.31

-4.29

YingTong Telecommunication 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															-4.26	0.73	-0.31	-13.09	-0.88

YingTong Telecommunication Co ROCE % Calculation

YingTong Telecommunication 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 )
	=	-57.271	/	( ( (1585.054 - 254.925)	+	(1643.235 - 302.651) )	/ 2 )
	=	-57.271	/	( (1330.129	+	1340.584)	/ 2 )
	=	-57.271	/	1335.3565
	=	-4.29 %

YingTong Telecommunication 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 )
	=	-11.848	/	( ( (1643.235 - 302.651)	+	(1605.868 - 264.464) )	/ 2 )
	=	-11.848	/	( ( 1340.584	+	1341.404 )	/ 2 )
	=	-11.848	/	1340.994
	=	-0.88 %

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

YingTong Telecommunication Co (SZSE:002861) 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.

YingTong Telecommunication Co ROCE % Related Terms

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YingTong Telecommunication Co (SZSE:002861) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » YingTong Telecommunication Co Ltd (SZSE:002861) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Xinta Community, Economic Development Zone, Tongcheng County, Hubei Province, Lishui, CHN, 437400

Website

http://www.yingtong-wire.com

YingTong Telecommunication Co Ltd, formerly Hubei Yingtong Telecommunication Cable Co Ltd is a Chinese company engaged in offering solutions in the field of communication wire and electro-acoustic products. It is engaged in the research and development, production and sales of earphone wire, data cable, semi-finished earphone, earphone finished product, and smart wearables.

Executives

Zuo Gui Ming	Director
Huang Hui	Directors, executives
Wu Zhong Jia	Executives
Xiao Jin Ming	Director
Zuo Sun E	Director

YingTong Telecommunication Co (SZSE:002861) Headlines

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