Shandong Yuma Sun-Shading Technology (SZSE:300993) ROCE % : 11.50% (As of Sep. 2024)

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What is Shandong Yuma Sun-Shading Technology 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. Shandong Yuma Sun-Shading Technology's annualized ROCE % for the quarter that ended in Sep. 2024 was 11.50%.

Shandong Yuma Sun-Shading Technology ROCE % Historical Data

The historical data trend for Shandong Yuma Sun-Shading Technology'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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Shandong Yuma Sun-Shading Technology ROCE % Chart

Shandong Yuma Sun-Shading Technology Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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27.74

21.07

18.24

14.93

14.25

Shandong Yuma Sun-Shading Technology 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															13.38	17.17	11.75	17.62	11.50

Shandong Yuma Sun-Shading Technology ROCE % Calculation

Shandong Yuma Sun-Shading Technology'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 )
	=	190.319	/	( ( (1356.219 - 83.827)	+	(1481.363 - 82.278) )	/ 2 )
	=	190.319	/	( (1272.392	+	1399.085)	/ 2 )
	=	190.319	/	1335.7385
	=	14.25 %

Shandong Yuma Sun-Shading Technology'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 )
	=	159.48	/	( ( (1463.529 - 81.234)	+	(1507.702 - 116.074) )	/ 2 )
	=	159.48	/	( ( 1382.295	+	1391.628 )	/ 2 )
	=	159.48	/	1386.9615
	=	11.50 %

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

Shandong Yuma Sun-Shading Technology (SZSE:300993) 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.

Shandong Yuma Sun-Shading Technology ROCE % Related Terms

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Shandong Yuma Sun-Shading Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Shandong Yuma Sun-Shading Technology Corp Ltd (SZSE:300993) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 1966, Jinguang West Street, Shandong Province, Shouguang, CHN, 262700

Website

https://www.yuma.cn

Shandong Yuma Sun-Shading Technology Corp Ltd is engaged in the research and development, production and sales of functional sun-shading materials.

Executives

Sun Cheng Zhi

Directors, executives

Shandong Yuma Sun-Shading Technology Headlines

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