Left Field Printing Group (HKSE:01540) ROCE % : 24.79% (As of Dec. 2023)

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What is Left Field Printing Group 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. Left Field Printing Group's annualized ROCE % for the quarter that ended in Dec. 2023 was 24.79%.

Left Field Printing Group ROCE % Historical Data

The historical data trend for Left Field Printing Group'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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Left Field Printing Group ROCE % Chart

Left Field Printing Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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15.80

13.49

9.10

6.53

16.51

Left Field Printing Group Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial											7.03	9.45	3.57	8.43	24.79

Left Field Printing Group ROCE % Calculation

Left Field Printing Group'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 )
	=	48.48	/	( ( (374.126 - 93.842)	+	(402.807 - 95.786) )	/ 2 )
	=	48.48	/	( (280.284	+	307.021)	/ 2 )
	=	48.48	/	293.6525
	=	16.51 %

Left Field Printing Group's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	73.202	/	( ( (362.197 - 78.701)	+	(402.807 - 95.786) )	/ 2 )
	=	73.202	/	( ( 283.496	+	307.021 )	/ 2 )
	=	73.202	/	295.2585
	=	24.79 %

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

Left Field Printing Group (HKSE:01540) 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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Left Field Printing Group (HKSE:01540) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Left Field Printing Group Ltd (HKSE:01540) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

123 Hoi Bun Road, Level 11 East Wing, NEO, Kwun Tong, Kowloon, Hong Kong, HKG

Website

https://www.leftfieldprinting.com

Left Field Printing Group Ltd is a printing solutions and services provider. Its printing process and services cover printing solution consultation, production planning and scheduling, pre-press, offset printing, digital printing, post-press, quality check, packaging, and delivery. Printed products offered by the company include read-for-pleasure books; government printed matters; quick turnaround time education books; catalogs, operating manuals, and promotional leaflets. It also provides printing related services, such as warehousing and direct mailing, call center services, and ancillary services. Geographically the company provides services in Australia.

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