Litu Holdings (HKSE:01008) ROCE % : 4.08% (As of Jun. 2024)

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What is Litu Holdings 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. Litu Holdings's annualized ROCE % for the quarter that ended in Jun. 2024 was 4.08%.

Litu Holdings ROCE % Historical Data

The historical data trend for Litu Holdings'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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Litu Holdings ROCE % Chart

Litu Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.50

2.28

1.10

0.65

-5.68

Litu Holdings Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															2.04	-0.79	-2.69	-9.04	4.08

Litu Holdings ROCE % Calculation

Litu Holdings'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 )
	=	-135.555	/	( ( (3194.661 - 640.448)	+	(2713.527 - 495.461) )	/ 2 )
	=	-135.555	/	( (2554.213	+	2218.066)	/ 2 )
	=	-135.555	/	2386.1395
	=	-5.68 %

Litu Holdings's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	89.89	/	( ( (2713.527 - 495.461)	+	(2697.921 - 508.288) )	/ 2 )
	=	89.89	/	( ( 2218.066	+	2189.633 )	/ 2 )
	=	89.89	/	2203.8495
	=	4.08 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

Litu Holdings (HKSE:01008) 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.

Litu Holdings ROCE % Related Terms

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Litu Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Litu Holdings Ltd (HKSE:01008) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

3rd floor, 38 On Lok Mun Street, On Lok Tsuen, Fanling, New Territories, Hong Kong, HKG

Website

http://www.lituholdings.com

Litu Holdings Ltd is an investment holding company. The Group's core activities include Printing cigarette packages. Manufacturing paper packaging materials. Producing laminated papers. Selling RFID products. Printing packages and decoration items. Researching printing technology. Wholesale and import/export of packaging products. Providing related services. The company's operating segment includes Printing and manufacturing of paper packages and related materials, leasing of investment properties and Sales of RFID products. It generates maximum revenue from the Printing and manufacturing of cigarette packages and related materials segment. Geographically, it derives a majority of its revenue from China.

Executives

Sinorise International Limited	2101 Beneficial owner
Cai Xiao Ming, David	2201 Interest of corporation controlled by you
Li Li	2201 Interest of corporation controlled by you
Tian Jin Zhang Rong Ke Ji Ji Tuan Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you

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