Shenzhen Yitoa Intelligent Control Co (SZSE:300131) ROCE % : 4.12% (As of Sep. 2024)

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What is Shenzhen Yitoa Intelligent Control 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 Yitoa Intelligent Control Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 4.12%.

Shenzhen Yitoa Intelligent Control Co ROCE % Historical Data

The historical data trend for Shenzhen Yitoa Intelligent Control 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 Yitoa Intelligent Control Co ROCE % Chart

Shenzhen Yitoa Intelligent Control Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.99

19.09

8.37

8.57

4.80

Shenzhen Yitoa Intelligent Control 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															2.88	4.70	5.55	6.45	4.12

Shenzhen Yitoa Intelligent Control Co ROCE % Calculation

Shenzhen Yitoa Intelligent Control 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 )
	=	92.684	/	( ( (3504.876 - 1585.95)	+	(3686.724 - 1747.401) )	/ 2 )
	=	92.684	/	( (1918.926	+	1939.323)	/ 2 )
	=	92.684	/	1929.1245
	=	4.80 %

Shenzhen Yitoa Intelligent Control 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 )
	=	80.068	/	( ( (3449.442 - 1517.747)	+	(3622.519 - 1670.553) )	/ 2 )
	=	80.068	/	( ( 1931.695	+	1951.966 )	/ 2 )
	=	80.068	/	1941.8305
	=	4.12 %

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

Shenzhen Yitoa Intelligent Control Co (SZSE:300131) 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 Yitoa Intelligent Control Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shenzhen Yitoa Intelligent Control Co Ltd (SZSE:300131) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Longma Industry Estate, Shiyan Town, Shenzhen, CHN, 518108

Website

http://www.yitoa.com

Shenzhen Yitoa Intelligent Control Co Ltd is engaged in the research and development, production, and sale of the electronic intelligent controller. Its business includes smart home series, personal care series, kitchen and toilet series, home life series, consumer electronics series, automotive electronics series, home electronics series, and cloud service series. Its products include bulb, door and window sensor, cam, hairdryer controller, electric toothbrush controller, hair clamp controller, miniature refrigerator controller, and other.

Executives

Hu Qing Zhou	Directors, executives
Gan Li Qing	Director
Zhong Yong Bin	Directors, executives
Xu Lu Guang	Director
Dai Mei	Independent director
Gu Yuan Dong	Directors, executives
Zheng Han Hui	Directors, executives
Huang Li	Supervisors
Shao Wei	Supervisors
Wang Dong Shi	Executives

Shenzhen Yitoa Intelligent Control Co Headlines

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