Yangtze Optical Fibre and Cable Joint Stock Co (HKSE:06869) ROCE % : 2.03% (As of Mar. 2024)

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What is Yangtze Optical Fibre and Cable Joint Stock 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. Yangtze Optical Fibre and Cable Joint Stock Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 2.03%.

Yangtze Optical Fibre and Cable Joint Stock Co ROCE % Historical Data

The historical data trend for Yangtze Optical Fibre and Cable Joint Stock 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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Yangtze Optical Fibre and Cable Joint Stock Co ROCE % Chart

Yangtze Optical Fibre and Cable Joint Stock Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.56

6.03

7.01

7.84

7.12

Yangtze Optical Fibre and Cable Joint Stock Co Quarterly Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															6.02	9.51	3.87	-	2.03

Yangtze Optical Fibre and Cable Joint Stock Co ROCE % Calculation

Yangtze Optical Fibre and Cable Joint Stock 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 )
	=	1581.104	/	( ( (31495.048 - 9017.759)	+	(31875.281 - 9933.741) )	/ 2 )
	=	1581.104	/	( (22477.289	+	21941.54)	/ 2 )
	=	1581.104	/	22209.4145
	=	7.12 %

Yangtze Optical Fibre and Cable Joint Stock 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 )
	=	452.636	/	( ( (31875.281 - 9933.741)	+	(31793.658 - 9048.583) )	/ 2 )
	=	452.636	/	( ( 21941.54	+	22745.075 )	/ 2 )
	=	452.636	/	22343.3075
	=	2.03 %

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

Yangtze Optical Fibre and Cable Joint Stock Co (HKSE:06869) 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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Yangtze Optical Fibre and Cable Joint Stock Co (HKSE:06869) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Yangtze Optical Fibre and Cable Joint Stock Ltd Co (HKSE:06869) » Definitions » ROCE %

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YZOFF:USA 1YO:Germany 601869:China

Address

No. 9 Guanggu Avenue, East Lake High-tech Development Zone, Hubei Province, Wuhan, CHN, 430073

Website

https://www.yofc.com

Yangtze Optical Fibre and Cable Joint Stock Ltd Co is engaged in the Chinese communication equipment industry. It manufactures and sells optical fiber preforms, optical fibers with various standard specifications that are widely used in the telecommunications industry. It operates its business through two operating segments, optical fibers and optical fiber preforms; and optical fiber cables. The manufacture and sale of optical fiber cables provide the company with majority of its revenue. Its other products comprise of trunk cables, patch cords, plug-and-play modules, optical distribution frames, pigtails, adapter panels, splitters, and connecting cabinets.

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