Zhuhai Ltech Technology Co (BJSE:832110) ROCE % : 9.58% (As of Mar. 2024)

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What is Zhuhai Ltech 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. Zhuhai Ltech Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 9.58%.

Zhuhai Ltech Technology Co ROCE % Historical Data

The historical data trend for Zhuhai Ltech 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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Zhuhai Ltech Technology Co ROCE % Chart

Zhuhai Ltech Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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21.73

14.16

28.94

17.52

11.21

Zhuhai Ltech Technology Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															13.54	6.97	11.70	12.94	9.58

Zhuhai Ltech Technology Co ROCE % Calculation

Zhuhai Ltech 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 )
	=	37.577	/	( ( (357.778 - 34.712)	+	(389.951 - 42.802) )	/ 2 )
	=	37.577	/	( (323.066	+	347.149)	/ 2 )
	=	37.577	/	335.1075
	=	11.21 %

Zhuhai Ltech 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 )
	=	33.644	/	( ( (389.951 - 42.802)	+	(401.264 - 46.395) )	/ 2 )
	=	33.644	/	( ( 347.149	+	354.869 )	/ 2 )
	=	33.644	/	351.009
	=	9.58 %

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

Zhuhai Ltech Technology Co (BJSE:832110) 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.

Zhuhai Ltech Technology Co ROCE % Related Terms

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Zhuhai Ltech Technology Co (BJSE:832110) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhuhai Ltech Technology Co Ltd (BJSE:832110) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 3, Pingdong 6th Road, 2nd Floor, Building 15, Nanping Science and Technology Industrial Park,, Xiangzhou District, Guangdong Province, Zhuhai City, CHN, 519060

Website

https://www.ltech.cn

Zhuhai Ltech Technology Co Ltd operates as a developer in the field of intelligent LED lighting control in China. It manufactures LED lighting control systems. developed three hardware product lines LED Lighting Control System, Intelligent LED Driver, and Smart Home, meeting the demands of smart scenes for lighting enterprises, commercial space, and residential homes.

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