Jiangsu Yitong High-Tech Co (SZSE:300211) ROCE % : -10.51% (As of Sep. 2024)

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What is Jiangsu Yitong High-Tech 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. Jiangsu Yitong High-Tech Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -10.51%.

Jiangsu Yitong High-Tech Co ROCE % Historical Data

The historical data trend for Jiangsu Yitong High-Tech 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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Jiangsu Yitong High-Tech Co ROCE % Chart

Jiangsu Yitong High-Tech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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1.49

2.34

6.53

5.64

-1.34

Jiangsu Yitong High-Tech 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															3.70	-2.64	-8.14	-5.27	-10.51

Jiangsu Yitong High-Tech Co ROCE % Calculation

Jiangsu Yitong High-Tech 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 )
	=	-6.988	/	( ( (592.97 - 74.448)	+	(596.679 - 71.332) )	/ 2 )
	=	-6.988	/	( (518.522	+	525.347)	/ 2 )
	=	-6.988	/	521.9345
	=	-1.34 %

Jiangsu Yitong High-Tech 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 )
	=	-52.464	/	( ( (554.763 - 48.752)	+	(539.661 - 46.886) )	/ 2 )
	=	-52.464	/	( ( 506.011	+	492.775 )	/ 2 )
	=	-52.464	/	499.393
	=	-10.51 %

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

Jiangsu Yitong High-Tech Co (SZSE:300211) 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.

Jiangsu Yitong High-Tech Co ROCE % Related Terms

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Jiangsu Yitong High-Tech Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Jiangsu Yitong High-Tech Co Ltd (SZSE:300211) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 28 Tonglin Road, Jiangsu Province, Changshu, CHN, 215500

Website

http://www.yitong-group.com

Jiangsu Yitong High-Tech Co Ltd researches, develops, manufactures and sells television broadcast equipment. Its products include cable TV network transmission equipment and digital television receiving equipment terminals.

Executives

Huang Wei Dong	Supervisors
Chen Xiao Gang	Executives
Chen Xiao Xing	Directors, executives
Yin Li	Supervisors, securities affairs representatives
Shen Qing Yuan	Executives
Ma Xiao Dong	Directors, executives
Gu Jian Jiang	Supervisors
Wang Gui Zhen	Secretary, Director
Zou Jian Cai	Executives

Jiangsu Yitong High-Tech Co Headlines

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