Hunan Yujing Machinery Co (SZSE:002943) ROCE % : 7.28% (As of Mar. 2024)

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What is Hunan Yujing Machinery 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. Hunan Yujing Machinery Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 7.28%.

Hunan Yujing Machinery Co ROCE % Historical Data

The historical data trend for Hunan Yujing Machinery 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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Hunan Yujing Machinery Co ROCE % Chart

Hunan Yujing Machinery Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.41

-0.41

-0.36

10.72

7.02

Hunan Yujing Machinery 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															6.67	15.50	8.39	1.46	7.28

Hunan Yujing Machinery Co ROCE % Calculation

Hunan Yujing Machinery 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 )
	=	117.539	/	( ( (2236.222 - 803.993)	+	(3346.977 - 1431.083) )	/ 2 )
	=	117.539	/	( (1432.229	+	1915.894)	/ 2 )
	=	117.539	/	1674.0615
	=	7.02 %

Hunan Yujing Machinery 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 )
	=	146.412	/	( ( (3346.977 - 1431.083)	+	(3417.879 - 1311.967) )	/ 2 )
	=	146.412	/	( ( 1915.894	+	2105.912 )	/ 2 )
	=	146.412	/	2010.903
	=	7.28 %

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

Hunan Yujing Machinery Co (SZSE:002943) 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.

Hunan Yujing Machinery Co ROCE % Related Terms

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Hunan Yujing Machinery Co (SZSE:002943) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hunan Yujing Machinery Co Ltd (SZSE:002943) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.341 North Maliang Road, Changchun Economic Development Zone, Hunan Province, Yiyang, CHN

Website

http://en.yj-cn.com

Hunan Yujing Machinery Co Ltd specializes in developing and manufacturing lapping/polishing machines, multi-wire saws, and relevant spare parts. Yujing machines are uniquely designed for cutting, lapping, and polishing a wide variety of surfaces where flatness and ultra precision surface finish is critical. These materials include cover lens, solar wafer, magnetic material, sapphire,and other hard and fragile materials.

Executives

Luo Qun Qiang	Director
Zhang Guo Qiu	Directors, executives
Yang Yu Hong	Director

Hunan Yujing Machinery Co (SZSE:002943) Headlines

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