Yue Yuen Industrial (Holdings) (Yue Yuen Industrial (Holdings)) ROCE % : 14.21% (As of Dec. 2023)

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What is Yue Yuen Industrial (Holdings) 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. Yue Yuen Industrial (Holdings)'s annualized ROCE % for the quarter that ended in Dec. 2023 was 14.21%.

Yue Yuen Industrial (Holdings) ROCE % Historical Data

The historical data trend for Yue Yuen Industrial (Holdings)'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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Yue Yuen Industrial (Holdings) ROCE % Chart

Yue Yuen Industrial (Holdings) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.72

0.23

3.63

7.93

8.38

Yue Yuen Industrial (Holdings) Quarterly Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															9.67	5.42	-	6.77	14.21

Yue Yuen Industrial (Holdings) ROCE % Calculation

Yue Yuen Industrial (Holdings)'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 )
	=	473.888	/	( ( (7935.421 - 2003.292)	+	(7358.232 - 1984.674) )	/ 2 )
	=	473.888	/	( (5932.129	+	5373.558)	/ 2 )
	=	473.888	/	5652.8435
	=	8.38 %

Yue Yuen Industrial (Holdings)'s ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	763.696	/	( ( (0 - 0)	+	(7358.232 - 1984.674) )	/ 1 )
	=	763.696	/	( ( 0	+	5373.558 )	/ 1 )
	=	763.696	/	5373.558
	=	14.21 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Yue Yuen Industrial (Holdings) (OTCPK:YUEIY) 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.

Yue Yuen Industrial (Holdings) ROCE % Related Terms

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Yue Yuen Industrial (Holdings) (Yue Yuen Industrial (Holdings)) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Yue Yuen Industrial (Holdings) Ltd (OTCPK:YUEIY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

YUEIF:USA 00551:Hong Kong YUE1:Germany

Address

108 Wai Yip Street, 22nd Floor, C-Bons International Center, Kwun Tong, Kowloon, Hong Kong, HKG

Website

https://www.yueyuen.com

Yue Yuen Industrial (Holdings) Ltd is engaged in footwear businesses. The company operates in two reportable segments: Manufacturing Business and Retailing Business. Manufacturing Business contributes the majority of the revenue. Its products include athletic shoes, casual shoes, outdoor shoes, sports sandals, soles, components, and Apparel wholesale. The company operates in the United States, China, Europe, Asia, and Others.

Yue Yuen Industrial (Holdings) (Yue Yuen Industrial (Holdings)) Headlines

From GuruFocus

Brandes Investment Trust Comments on Yue Yuen

By Holly LaFon • 12-04-2015