Luheng Technology Group Co (BJSE:870866) ROCE % : 1.62% (As of Mar. 2024)

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What is Luheng Technology Group 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. Luheng Technology Group Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 1.62%.

Luheng Technology Group Co ROCE % Historical Data

The historical data trend for Luheng Technology Group 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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Luheng Technology Group Co ROCE % Chart

Luheng Technology Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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20.25

19.07

18.10

8.44

6.40

Luheng Technology Group 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															2.92	10.85	7.95	3.90	1.62

Luheng Technology Group Co ROCE % Calculation

Luheng Technology Group 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 )
	=	50.2	/	( ( (818.263 - 61.409)	+	(902.906 - 91.38) )	/ 2 )
	=	50.2	/	( (756.854	+	811.526)	/ 2 )
	=	50.2	/	784.19
	=	6.40 %

Luheng Technology Group 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 )
	=	13.048	/	( ( (902.906 - 91.38)	+	(882.749 - 83.391) )	/ 2 )
	=	13.048	/	( ( 811.526	+	799.358 )	/ 2 )
	=	13.048	/	805.442
	=	1.62 %

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

Luheng Technology Group Co (BJSE:870866) 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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Luheng Technology Group Co (BJSE:870866) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Luheng Technology Group Co Ltd (BJSE:870866) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 167, Haibin Road, Nansha Street, Room 804, Nansha District, Guangdong Province, Guangzhou City, CHN, 511455

Website

http://www.luhengkeji.com.cn

Luheng Technology Group Co Ltd engages in research and development, production, and sales of pesticide products and vegetable seeds.

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