Yang Guang Co (SZSE:000608) ROCE % : 0.74% (As of Mar. 2024)

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What is Yang Guang 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. Yang Guang Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 0.74%.

Yang Guang Co ROCE % Historical Data

The historical data trend for Yang Guang 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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Yang Guang Co ROCE % Chart

Yang Guang Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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1.69

5.08

4.53

-8.88

-5.17

Yang Guang 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															1.13	1.06	1.07	-24.64	0.74

Yang Guang Co ROCE % Calculation

Yang Guang 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 )
	=	-200.94	/	( ( (4844.368 - 750.444)	+	(4334.996 - 656.82) )	/ 2 )
	=	-200.94	/	( (4093.924	+	3678.176)	/ 2 )
	=	-200.94	/	3886.05
	=	-5.17 %

Yang Guang 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 )
	=	27.34	/	( ( (4334.996 - 656.82)	+	(4319.702 - 651.704) )	/ 2 )
	=	27.34	/	( ( 3678.176	+	3667.998 )	/ 2 )
	=	27.34	/	3673.087
	=	0.74 %

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

Yang Guang Co (SZSE:000608) 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.

Yang Guang Co ROCE % Related Terms

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Yang Guang Co (SZSE:000608) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Yang Guang Co Ltd (SZSE:000608) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No.112 Xizhimen Outer Street, Sunshine Plaza, 11F, Xicheng District, Beijing, CHN, 100044

Website

http://www.yangguangxinye.com

Yang Guang Co Ltd operates in the real estate sector. The company is engaged in the development of commercial, residential and integrated real estate properties.

Executives

Chen Zhong Mou	Executives
Fu Jin Long	Executives
Xiong Wei	Directors, executives
Li Yun Chang	Supervisors
Liu Jian Tu	Supervisors
Wu Wei Guang	Supervisors
He Xi	Directors, executives
Shen Kui	Executives
Zhao Bo	Secretary Dong
Tang Jun	Secretary, Director
Li Guo Ping	Executives
Wu Yao	Executives
Hou Guo Min	Directors, executives

Yang Guang Co (SZSE:000608) Headlines

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