Yik Wo International Holdings (HKSE:08659) ROCE % : 19.00% (As of Dec. 2023)

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What is Yik Wo International Holdings 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. Yik Wo International Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 19.00%.

Yik Wo International Holdings ROCE % Historical Data

The historical data trend for Yik Wo International Holdings'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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Yik Wo International Holdings ROCE % Chart

Yik Wo International Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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35.59

31.05

32.35

22.68

16.67

Yik Wo International Holdings Quarterly Data
	Dec18	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															22.34	10.33	17.81	20.05	19.00

Yik Wo International Holdings ROCE % Calculation

Yik Wo International Holdings'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 )
	=	46.137	/	( ( (312.509 - 49.355)	+	(343.24 - 52.941) )	/ 2 )
	=	46.137	/	( (263.154	+	290.299)	/ 2 )
	=	46.137	/	276.7265
	=	16.67 %

Yik Wo International Holdings'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	55.16	/	( ( (0 - 0)	+	(343.24 - 52.941) )	/ 1 )
	=	55.16	/	( ( 0	+	290.299 )	/ 1 )
	=	55.16	/	290.299
	=	19.00 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Yik Wo International Holdings (HKSE:08659) 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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Yik Wo International Holdings (HKSE:08659) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Yik Wo International Holdings Ltd (HKSE:08659) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Wukeng Industrial Zone, Longhu Town, Fujian Province, Jinjiang, CHN

Website

https://www.yikwo.cn

Yik Wo International Holdings Ltd is engaged in the design and development, manufacturing and sales of disposable plastic food storage containers. The company's plastic containers are processed by high temperature hot-melt plastic injection moulding method with polypropylene resin or other thermoplastic materials. In terms of application, disposable plastic food storage containers can be divided into lunch boxes, fresh and preserved fruit containers, semi-food containers and others. It sells its products under JAZZIT brand. Its regular products feature with only one compartment; and customised products can store various kinds of food and beverage with its multi-compartment disposable plastic food storage containers. The group derives prime revenue from the PRC.

Yik Wo International Holdings (HKSE:08659) Headlines

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