Lingyuan Iron & Steel Co (SHSE:600231) ROCE % : -27.67% (As of Dec. 2023)

View and export this data going back to 2000. Start your Free Trial

What is Lingyuan Iron & 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. Lingyuan Iron & Steel Co's annualized ROCE % for the quarter that ended in Dec. 2023 was -27.67%.

Lingyuan Iron & Steel Co ROCE % Historical Data

The historical data trend for Lingyuan Iron & 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.

* Premium members only.

Lingyuan Iron & Steel Co ROCE % Chart

Lingyuan Iron & Steel Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

9.40

9.46

13.63

-10.44

-9.01

Lingyuan Iron & Steel Co Quarterly Data
	Mar19	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															-33.85	3.65	-7.27	-4.92	-27.67

Lingyuan Iron & Steel Co ROCE % Calculation

Lingyuan Iron & 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 )
	=	-835.482	/	( ( (16629.08 - 7215.405)	+	(16460.269 - 7325.196) )	/ 2 )
	=	-835.482	/	( (9413.675	+	9135.073)	/ 2 )
	=	-835.482	/	9274.374
	=	-9.01 %

Lingyuan Iron & Steel Co'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 )
	=	-2545.912	/	( ( (16254.707 - 6985.872)	+	(16460.269 - 7325.196) )	/ 2 )
	=	-2545.912	/	( ( 9268.835	+	9135.073 )	/ 2 )
	=	-2545.912	/	9201.954
	=	-27.67 %

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

Lingyuan Iron & Steel Co (SHSE:600231) 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.

Lingyuan Iron & Steel Co ROCE % Related Terms

Thank you for viewing the detailed overview of Lingyuan Iron & Steel Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Lingyuan Iron & Steel Co (SHSE:600231) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Lingyuan Iron & Steel Co Ltd (SHSE:600231) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 3 Gangtie Road, Lingyuan, Liaoning, CHN, 122500

Website

http://www.lggf.com.cn

Lingyuan Iron & Steel Co Ltd is engaged in mining, steel smelting, and steel rolling.

Lingyuan Iron & Steel Co (SHSE:600231) Headlines

No Headlines