Dongguan Yutong Optical Technology Co (SZSE:300790) ROCE % : 9.68% (As of Mar. 2024)

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What is Dongguan Yutong Optical 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. Dongguan Yutong Optical Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 9.68%.

Dongguan Yutong Optical Technology Co ROCE % Historical Data

The historical data trend for Dongguan Yutong Optical 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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Dongguan Yutong Optical Technology Co ROCE % Chart

Dongguan Yutong Optical Technology Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.37

11.95

17.32

8.55

3.93

Dongguan Yutong Optical 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															3.72	5.67	4.35	2.18	9.68

Dongguan Yutong Optical Technology Co ROCE % Calculation

Dongguan Yutong Optical 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 )
	=	102.151	/	( ( (4275.106 - 1877.637)	+	(5055.84 - 2249.041) )	/ 2 )
	=	102.151	/	( (2397.469	+	2806.799)	/ 2 )
	=	102.151	/	2602.134
	=	3.93 %

Dongguan Yutong Optical 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 )
	=	275.948	/	( ( (5055.84 - 2249.041)	+	(4903.746 - 2007.817) )	/ 2 )
	=	275.948	/	( ( 2806.799	+	2895.929 )	/ 2 )
	=	275.948	/	2851.364
	=	9.68 %

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

Dongguan Yutong Optical Technology Co (SZSE:300790) 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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Dongguan Yutong Optical Technology Co (SZSE:300790) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Dongguan Yutong Optical Technology Co Ltd (SZSE:300790) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 306, Wushahuan East Road, Building D, Changtong Yukai Industrial Zone, Chang'an Town, Guangdong, Dongguan, CHN, 523850

Website

http://www.ytot.cn

Dongguan Yutong Optical Technology Co Ltd is a professional optical lens manufacturer in China. It is primarily engaged in the research and development, production, sales and after-sales service of Optical Parts, CCTV lens and related products. Most of the products are mainly used in CCTV surveillance, extending to industry, vehicle, consumer products and other fields.

Executives

Chen Tian Fu	Directors, executives
Guan Qiu Sheng	Executives
Zhang Zhan Jun	Executives

Dongguan Yutong Optical Technology Co (SZSE:300790) Headlines

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