Yihai International Holdings (HKSE:01579) ROCE % : 29.78% (As of Dec. 2023)

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What is Yihai International 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. Yihai International Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 29.78%.

Yihai International Holdings ROCE % Historical Data

The historical data trend for Yihai International 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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Yihai International Holdings ROCE % Chart

Yihai International Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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45.28

43.91

30.38

24.49

25.30

Yihai International Holdings Semi-Annual Data
	Dec13	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															32.45	18.75	32.80	22.33	29.78

Yihai International Holdings ROCE % Calculation

Yihai International 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 )
	=	1387.413	/	( ( (6199.211 - 960.188)	+	(6622.216 - 893.301) )	/ 2 )
	=	1387.413	/	( (5239.023	+	5728.915)	/ 2 )
	=	1387.413	/	5483.969
	=	25.30 %

Yihai International 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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	1617.018	/	( ( (5746.954 - 614.53)	+	(6622.216 - 893.301) )	/ 2 )
	=	1617.018	/	( ( 5132.424	+	5728.915 )	/ 2 )
	=	1617.018	/	5430.6695
	=	29.78 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Yihai International Holdings (HKSE:01579) 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.

Yihai International Holdings ROCE % Related Terms

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Yihai International Holdings (HKSE:01579) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Yihai International Holdings Ltd (HKSE:01579) » Definitions » ROCE %

Traded in Other Exchanges

YNNHF:USA YIR:Germany

Address

No. 2500 Zhenbei Road, Room 1810, Putuo District, Shanghai, CHN, 200062

Website

http://www.yihchina.com

Yihai International Holdings Ltd is a compound condiment manufacturer in China. The product portfolio of the company includes Hotpot soup flavoring, Hotpot dipping sauce products, Chinese-style compound condiment products, Self-serving small hotpot products, and others. It generates a majority of its revenue from Hotpot soup flavoring products. It also provides other products such as Thirteen Kinds of Spices Crayfish Seasoner, Minced Garlic Crayfish Seasoner, Spicy Boiled Fish Seasoner, and others. Geographically, the company generates a majority of its revenue from the People's Republic of China.

Yihai International Holdings (HKSE:01579) Headlines

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