Yeou Yih Steel Co (ROCO:9962) ROCE % : 3.35% (As of Mar. 2024)

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What is Yeou Yih Steel 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. Yeou Yih Steel Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 3.35%.

Yeou Yih Steel Co ROCE % Historical Data

The historical data trend for Yeou Yih Steel 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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Yeou Yih Steel Co ROCE % Chart

Yeou Yih Steel Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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1.55

0.27

17.22

23.30

12.29

Yeou Yih Steel 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															18.76	14.42	12.96	5.29	3.35

Yeou Yih Steel Co ROCE % Calculation

Yeou Yih Steel 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 )
	=	146.295	/	( ( (1494.672 - 279.927)	+	(1460.745 - 295.534) )	/ 2 )
	=	146.295	/	( (1214.745	+	1165.211)	/ 2 )
	=	146.295	/	1189.978
	=	12.29 %

Yeou Yih Steel 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 )
	=	37.488	/	( ( (1460.745 - 295.534)	+	(1634.794 - 565.201) )	/ 2 )
	=	37.488	/	( ( 1165.211	+	1069.593 )	/ 2 )
	=	37.488	/	1117.402
	=	3.35 %

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

Yeou Yih Steel Co (ROCO:9962) 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.

Yeou Yih Steel Co ROCE % Related Terms

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Yeou Yih Steel Co (ROCO:9962) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Yeou Yih Steel Co Ltd (ROCO:9962) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

No. 2 Yong-Gong 10th Road, Yungan Hsiang, Kaoshiung Hsien, TWN, 82841

Website

http://www.yeouyih.com.tw

Yeou Yih Steel Co Ltd is engaged in the production and sale of stainless-steel products mainly in Taiwan. The company is engaged in leveling, cutting, picking, processing, and sales of steel. The company products include hot rolled stainless steel plate No.1 304, 304L, 316L and type of stainless-steel plate.

Yeou Yih Steel Co (ROCO:9962) Headlines

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