Yangzhou Yangjie Electronic Technology Co (SZSE:300373) ROCE % : 7.44% (As of Mar. 2024)

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What is Yangzhou Yangjie Electronic Technology 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. Yangzhou Yangjie Electronic Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 7.44%.

Yangzhou Yangjie Electronic Technology Co ROCE % Historical Data

The historical data trend for Yangzhou Yangjie Electronic Technology 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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Yangzhou Yangjie Electronic Technology Co ROCE % Chart

Yangzhou Yangjie Electronic Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.06

15.61

22.04

19.57

12.36

Yangzhou Yangjie Electronic Technology 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															10.92	12.85	5.33	18.43	7.44

Yangzhou Yangjie Electronic Technology Co ROCE % Calculation

Yangzhou Yangjie Electronic Technology 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 )
	=	1071.917	/	( ( (9483.238 - 2064.526)	+	(12626.924 - 2707.606) )	/ 2 )
	=	1071.917	/	( (7418.712	+	9919.318)	/ 2 )
	=	1071.917	/	8669.015
	=	12.36 %

Yangzhou Yangjie Electronic Technology 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 )
	=	745.076	/	( ( (12626.924 - 2707.606)	+	(13164.074 - 3066.876) )	/ 2 )
	=	745.076	/	( ( 9919.318	+	10097.198 )	/ 2 )
	=	745.076	/	10008.258
	=	7.44 %

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

Yangzhou Yangjie Electronic Technology Co (SZSE:300373) 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.

Yangzhou Yangjie Electronic Technology Co ROCE % Related Terms

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Yangzhou Yangjie Electronic Technology Co (SZSE:300373) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Yangzhou Yangjie Electronic Technology Co Ltd (SZSE:300373) » Definitions » ROCE %

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Address

No.6 West Heye Road, Yangzhou, CHN

Website

http://www.21yangjie.com

Yangzhou Yangjie Electronic Technology Co Ltd is a semiconductor component manufacturing company. The company is engaged in manufacturing and selling device chips, power diode Rectifier Bridge and discrete semiconductor devices. Its main products include Bridge rectifier, Automobile Rectifier, General purpose rectifier, Fast Recovery Rectifier, Zener Diode, Solar diode and Schottry rectifier. These products are widely used in lighting, power supply, customer electronics, computer and peripheral equipment, electronic instruments and meters, communication, industrial and automatic control, automotive electronics and other fields. Geographically the operation of the group is carried out through China.

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