Beijing Yuanlong Yato Culture Dissemination Co (SZSE:002878) ROCE % : 9.15% (As of Mar. 2024)

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What is Beijing Yuanlong Yato Culture Dissemination 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. Beijing Yuanlong Yato Culture Dissemination Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 9.15%.

Beijing Yuanlong Yato Culture Dissemination Co ROCE % Historical Data

The historical data trend for Beijing Yuanlong Yato Culture Dissemination 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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Beijing Yuanlong Yato Culture Dissemination Co ROCE % Chart

Beijing Yuanlong Yato Culture Dissemination Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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22.04

26.30

18.00

19.43

2.80

Beijing Yuanlong Yato Culture Dissemination 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															-3.16	11.03	16.43	-7.11	9.15

Beijing Yuanlong Yato Culture Dissemination Co ROCE % Calculation

Beijing Yuanlong Yato Culture Dissemination 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 )
	=	37.046	/	( ( (1795.619 - 735.716)	+	(2650.55 - 1063.417) )	/ 2 )
	=	37.046	/	( (1059.903	+	1587.133)	/ 2 )
	=	37.046	/	1323.518
	=	2.80 %

Beijing Yuanlong Yato Culture Dissemination 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 )
	=	146.184	/	( ( (2650.55 - 1063.417)	+	(2507.897 - 899.351) )	/ 2 )
	=	146.184	/	( ( 1587.133	+	1608.546 )	/ 2 )
	=	146.184	/	1597.8395
	=	9.15 %

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

Beijing Yuanlong Yato Culture Dissemination Co (SZSE:002878) 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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Beijing Yuanlong Yato Culture Dissemination Co (SZSE:002878) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Beijing Yuanlong Yato Culture Dissemination Co Ltd (SZSE:002878) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

338 Guang'anmen Inner Street, 12th Floor, Office Building, Metropark Hotel, Xicheng District, Beijing, CHN, 100053

Website

http://www.ylyato.com

Beijing Yuanlong Yato Culture Dissemination Co Ltd is a Chinese provider of integrated marketing services. It offers services such as marketing plan creative planning, promotional product design and development, promotional products commissioned processing and sales, promotional materials and other marketing materials logistics warehousing and distribution services, and market terminal services.

Executives

Rao Xiu Li	Executives
Yue Xin	Director
Wang Sheng	Executives
Bian Yu Chen	Directors, executives
Li Ya	Supervisors
Zhao Huai Dong	Executives
Xiang Jing	Directors, executives
Chen Tao	Executives
Sun Zhen	Directors, executives
Wang Wei	Director
Li Ji Dong	Executives

Beijing Yuanlong Yato Culture Dissemination Co (SZSE:002878) Headlines

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