Hebei Yichen Industrial Group (HKSE:01596) ROCE % : 8.25% (As of Dec. 2023)

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What is Hebei Yichen Industrial Group 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. Hebei Yichen Industrial Group's annualized ROCE % for the quarter that ended in Dec. 2023 was 8.25%.

Hebei Yichen Industrial Group ROCE % Historical Data

The historical data trend for Hebei Yichen Industrial Group'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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Hebei Yichen Industrial Group ROCE % Chart

Hebei Yichen Industrial Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.61

15.04

12.88

7.42

2.56

Hebei Yichen Industrial Group Semi-Annual Data
	Dec13	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															15.63	6.86	8.28	-2.87	8.25

Hebei Yichen Industrial Group ROCE % Calculation

Hebei Yichen Industrial Group'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 )
	=	75.242	/	( ( (4015.072 - 1026.466)	+	(3761.716 - 880.722) )	/ 2 )
	=	75.242	/	( (2988.606	+	2880.994)	/ 2 )
	=	75.242	/	2934.8
	=	2.56 %

Hebei Yichen Industrial Group's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	233.324	/	( ( (3765.079 - 986.998)	+	(3761.716 - 880.722) )	/ 2 )
	=	233.324	/	( ( 2778.081	+	2880.994 )	/ 2 )
	=	233.324	/	2829.5375
	=	8.25 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Hebei Yichen Industrial Group (HKSE:01596) 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.

Hebei Yichen Industrial Group ROCE % Related Terms

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Hebei Yichen Industrial Group (HKSE:01596) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Hebei Yichen Industrial Group Corp Ltd (HKSE:01596) » Definitions » ROCE %

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Traded in Other Exchanges

HE2:Germany

Address

No. 1 Yichen North Street, Gaocheng District, Hebei Province, Shijiazhuang, CHN

Website

http://www.hbyc.com.cn

Hebei Yichen Industrial Group Corp Ltd is one of the leading rail fastening system providers in the PRC, with the business focusing on three business segments namely Rail Fastening System Products; Welding Wire Products; and Railway Sleeper Products. Its maximum revenue is generated by the Rail fastening system segment. Some of its product includes the Spring bar type IV fastener system; the WJ-7 type fastener system; the DT-VI2 fastener system; Double-layer nonlinear shock-absorbing fastener system; the Spring bar II type fastener system and others.

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