China Ludao Technology Co (HKSE:02023) ROCE % : 4.15% (As of Dec. 2023)

View and export this data going back to 2013. Start your Free Trial

What is China Ludao Technology 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. China Ludao Technology Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 4.15%.

China Ludao Technology Co ROCE % Historical Data

The historical data trend for China Ludao Technology 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.

* Premium members only.

China Ludao Technology Co ROCE % Chart

China Ludao Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

11.86

20.98

14.59

5.53

7.30

China Ludao Technology Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															9.36	11.00	1.57	8.72	4.15

China Ludao Technology Co ROCE % Calculation

China Ludao Technology 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 )
	=	65.565	/	( ( (1284.471 - 298.394)	+	(1519.271 - 709.63) )	/ 2 )
	=	65.565	/	( (986.077	+	809.641)	/ 2 )
	=	65.565	/	897.859
	=	7.30 %

China Ludao Technology Co'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 )
	=	39.816	/	( ( (1350.657 - 241.578)	+	(1519.271 - 709.63) )	/ 2 )
	=	39.816	/	( ( 1109.079	+	809.641 )	/ 2 )
	=	39.816	/	959.36
	=	4.15 %

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

China Ludao Technology Co (HKSE:02023) 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 Ludao Technology Co ROCE % Related Terms

Thank you for viewing the detailed overview of China Ludao Technology Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

China Ludao Technology Co (HKSE:02023) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » China Ludao Technology Co Ltd (HKSE:02023) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

5 Sanmen Industry Road, Sanmen Industry Zone, Zhejiang Province, Taizhou, CHN

Website

https://www.ludaocn.com

China Ludao Technology Co Ltd is principally engaged in the manufacture and sale of aerosol products in the People's Republic of China (the PRC). Its products include household and auto care products, air fresheners, personal care products, and insecticides. The firm offers a range of products including aerosol air fresheners, aromatherapy air fresheners, car air fresheners, carpet and room deodorizers, crystal beads air fresheners, electric air fresheners, solid air fresheners, and other air freshener products. Customers of the company are from Mainland China, the United States of America, Europe, and others. The majority of its revenue is derived from Mainland China.

Executives

Ludao China Investments Holdings Limited	2101 Beneficial owner
Wang Jinfei	2202 Interest of your spouse
Yu Yuerong	2201 Interest of corporation controlled by you
Perfect Century Group Limited	2101 Beneficial owner

China Ludao Technology Co (HKSE:02023) Headlines

No Headlines