Shanghai Yongli Belting Co (SZSE:300230) ROCE % : 5.70% (As of Mar. 2024)

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What is Shanghai Yongli Belting 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. Shanghai Yongli Belting Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.70%.

Shanghai Yongli Belting Co ROCE % Historical Data

The historical data trend for Shanghai Yongli Belting 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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Shanghai Yongli Belting Co ROCE % Chart

Shanghai Yongli Belting Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.22

-15.45

10.24

10.79

13.66

Shanghai Yongli Belting 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															4.44	11.28	13.92	24.10	5.70

Shanghai Yongli Belting Co ROCE % Calculation

Shanghai Yongli Belting 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 )
	=	433.082	/	( ( (3749.472 - 831.839)	+	(4223.059 - 798.254) )	/ 2 )
	=	433.082	/	( (2917.633	+	3424.805)	/ 2 )
	=	433.082	/	3171.219
	=	13.66 %

Shanghai Yongli Belting 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 )
	=	194.992	/	( ( (4223.059 - 798.254)	+	(4177.108 - 764.982) )	/ 2 )
	=	194.992	/	( ( 3424.805	+	3412.126 )	/ 2 )
	=	194.992	/	3418.4655
	=	5.70 %

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

Shanghai Yongli Belting Co (SZSE:300230) 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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Shanghai Yongli Belting Co (SZSE:300230) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Shanghai Yongli Belting Co Ltd (SZSE:300230) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

West of Xuhua Road, Xujing Town, Qingpu District, Shanghai, CHN

Website

http://www.yonglibelt.com

Shanghai Yongli Belting Co Ltd is mainly engaged in the research and development, production and sale of various types of light conveyor belts. Its main products are divided into two categories: light conveyor belts and precision molding products. Its products include polyvinyl chloride belts, oil resistant PVC belts, PVC treadmill belts, felt belts, hytrel belts, and silicone belts.

Executives

Huang Xiao Dong	Director
Yun Li Ming	Directors, executives
Jiang Feng	Executives
Shi Pei Hao	Director
Wang Yi Yi	Executives
Chen Zhi Liang	Supervisors
Yang Zhen Ping	Supervisors
Yu Cheng Lei	Directors, executives
Zhang Wei	Directors, executives

Shanghai Yongli Belting Co (SZSE:300230) Headlines

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