Li Ming Development Construction Co (ROCO:6212) ROCE % : 33.69% (As of Mar. 2024)

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What is Li Ming Development Construction 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. Li Ming Development Construction Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 33.69%.

Li Ming Development Construction Co ROCE % Historical Data

The historical data trend for Li Ming Development Construction 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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Li Ming Development Construction Co ROCE % Chart

Li Ming Development Construction Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.74

19.20

20.76

9.42

26.51

Li Ming Development Construction 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															15.92	-1.35	-0.78	92.57	33.69

Li Ming Development Construction Co ROCE % Calculation

Li Ming Development Construction 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 )
	=	821.779	/	( ( (14883.866 - 12102.774)	+	(13011.346 - 9593.057) )	/ 2 )
	=	821.779	/	( (2781.092	+	3418.289)	/ 2 )
	=	821.779	/	3099.6905
	=	26.51 %

Li Ming Development Construction 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 )
	=	1191.58	/	( ( (13011.346 - 9593.057)	+	(10843.781 - 7187.995) )	/ 2 )
	=	1191.58	/	( ( 3418.289	+	3655.786 )	/ 2 )
	=	1191.58	/	3537.0375
	=	33.69 %

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

Li Ming Development Construction Co (ROCO:6212) 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.

Li Ming Development Construction Co ROCE % Related Terms

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Li Ming Development Construction Co (ROCO:6212) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Li Ming Development Construction Co Ltd (ROCO:6212) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Gongdao 5th Road, 7th Floor, No. 419, Section 2, Hsinchu, TWN, 30069

Website

http://www.met.com.tw

Li Ming Development Construction Co Ltd is engaged in the development, leasing, and sale of residential and commercial buildings, as well as the wholesale and retail of construction materials. The company is also involved in landscape and interior design. It operates in one single segment that is the development of the property segment which is mainly engaged in the commissioning construction of residences and buildings and renting properties. It generates a vast majority of its revenues from the sales of lands and apartments.

Li Ming Development Construction Co (ROCO:6212) Headlines

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