Chengdu Leetro Automation Co (BJSE:430425) ROCE % : 8.53% (As of Mar. 2024)

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What is Chengdu Leetro Automation 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. Chengdu Leetro Automation Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 8.53%.

Chengdu Leetro Automation Co ROCE % Historical Data

The historical data trend for Chengdu Leetro Automation 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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Chengdu Leetro Automation Co ROCE % Chart

Chengdu Leetro Automation Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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11.21

18.49

22.32

38.42

26.64

Chengdu Leetro Automation Co Quarterly Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															12.55	10.17	22.46	10.49	8.53

Chengdu Leetro Automation Co ROCE % Calculation

Chengdu Leetro Automation Co's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	30.786	/	( ( (134.301 - 25.337)	+	(141.763 - 19.622) )	/ 2 )
	=	30.786	/	( (108.964	+	122.141)	/ 2 )
	=	30.786	/	115.5525
	=	26.64 %

Chengdu Leetro Automation 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 )
	=	21.004	/	( ( (261.634 - 15.307)	+	(261.182 - 14.749) )	/ 2 )
	=	21.004	/	( ( 246.327	+	246.433 )	/ 2 )
	=	21.004	/	246.38
	=	8.53 %

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

Chengdu Leetro Automation Co (BJSE:430425) 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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Chengdu Leetro Automation Co (BJSE:430425) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Chengdu Leetro Automation Co Ltd (BJSE:430425) » Definitions » ROCE %

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Address

No. 1 Keyuan South 2nd Road, Chengdu High-tech Zone, Block B, Building 8, Dayi Incubation Park, Sichuan Province, Chengdu, CHN, 610041

Website

http://www.leetro.com

Chengdu Leetro Automation Co Ltd is an industrial motion control company. The main business is to provide motion control solutions and services integrating motion controllers, motor controllers, and industrial software for domestic electronics manufacturing equipment manufacturers. Its product offerings comprise EtherCAT Motion Controller, PCI Pulse Motion Control Card, Dispensing Machine Control System, and Servo Driver/Motor.

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