China Lilang (HKSE:01234) ROCE % : 14.69% (As of Jun. 2024)

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What is China Lilang 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. China Lilang's annualized ROCE % for the quarter that ended in Jun. 2024 was 14.69%.

China Lilang ROCE % Historical Data

The historical data trend for China Lilang'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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China Lilang ROCE % Chart

China Lilang Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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28.87

19.64

15.53

13.86

15.32

China Lilang 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															16.06	11.88	15.28	14.37	14.69

China Lilang ROCE % Calculation

China Lilang'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 )
	=	754.369	/	( ( (6117.029 - 1607.045)	+	(7112.481 - 1774.9) )	/ 2 )
	=	754.369	/	( (4509.984	+	5337.581)	/ 2 )
	=	754.369	/	4923.7825
	=	15.32 %

China Lilang'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 )
	=	769.982	/	( ( (7112.481 - 1774.9)	+	(6953.204 - 1807.751) )	/ 2 )
	=	769.982	/	( ( 5337.581	+	5145.453 )	/ 2 )
	=	769.982	/	5241.517
	=	14.69 %

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

China Lilang (HKSE:01234) 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.

China Lilang ROCE % Related Terms

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China Lilang Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » China Lilang Ltd (HKSE:01234) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

5LX:Germany

Address

200 Chang Xing Road, Lilang Industrial Park, Fujian Province, Jinjiang, CHN, 362200

Website

https://www.lilanz.com

China Lilang Ltd manufactures business and casual menswear apparel. The Group designs, sources and manufactures high-quality business and casual apparel for men and sells under the LILANZ and LESS IS MORE brands across an extensive retail and distribution network, covering 31 provinces, autonomous regions, and municipalities in the PRC. The company generates maximum revenue from China.

Executives

Xiao Sheng International Limited

2101 Beneficial owner

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