Leader Education (HKSE:01449) ROCE % : 2.08% (As of Aug. 2023)

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What is Leader Education 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. Leader Education's annualized ROCE % for the quarter that ended in Aug. 2023 was 2.08%.

Leader Education ROCE % Historical Data

The historical data trend for Leader Education'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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Leader Education ROCE % Chart

Leader Education Annual Data

Trend

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

ROCE %

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6.16

3.32

4.30

3.99

4.13

Leader Education Semi-Annual Data
	Aug17	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
ROCE %	Get a 7-Day Free Trial								5.33	2.81	5.98	2.08	6.56

Leader Education ROCE % Calculation

Leader Education's annualized ROCE % for the fiscal year that ended in Aug. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	69.659	/	( ( (2382.958 - 602.536)	+	(2370.839 - 774.814) )	/ 2 )
	=	69.659	/	( (1780.422	+	1596.025)	/ 2 )
	=	69.659	/	1688.2235
	=	4.13 %

Leader Education's ROCE % of for the quarter that ended in Aug. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Aug. 2023 )		(Q: Feb. 2023 )		(Q: Aug. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Aug. 2023 )		(Q: Feb. 2023 )		(Q: Aug. 2023 )
	=	36.23	/	( ( (2389.539 - 508.008)	+	(2370.839 - 774.814) )	/ 2 )
	=	36.23	/	( ( 1881.531	+	1596.025 )	/ 2 )
	=	36.23	/	1738.778
	=	2.08 %

(1) Note: The EBIT data used here is two times the semi-annual (Aug. 2023) EBIT data.

Leader Education (HKSE:01449) 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.

Leader Education ROCE % Related Terms

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Leader Education (HKSE:01449) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Leader Education Ltd (HKSE:01449) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Qunying Jie No. 33, Xueyuan Road, Limin Development Zone, Heilongjiang Province, Harbin, CHN, 150025

Website

https://www.hibu.edu.cn

Leader Education Ltd is engaged in providing private higher education services in the People's Republic of China. The school is a degree-granting private formal university-level education institution that offers around 26 undergraduate majors in a wide range of subject areas, including engineering, management, economics, literature, and arts.

Executives

Huatai Securities Co., Ltd.	2201 Interest of corporation controlled by you
Shuren Education Limited	2101 Beneficial owner
Dong Ling	2201 Interest of corporation controlled by you
Liu Laixiang	2202 Interest of your spouse
Junhua Education Limited	2101 Beneficial owner

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