China Lesso Group Holdings (HKSE:02128) ROCE % : 9.47% (As of Jun. 2024)

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What is China Lesso Group 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. China Lesso Group Holdings's annualized ROCE % for the quarter that ended in Jun. 2024 was 9.47%.

China Lesso Group Holdings ROCE % Historical Data

The historical data trend for China Lesso Group 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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China Lesso Group Holdings ROCE % Chart

China Lesso Group Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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20.97

13.79

10.40

10.23

8.41

China Lesso Group Holdings Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
ROCE %	Get a 7-Day Free Trial															11.06	11.18	8.21	9.47	6.92

China Lesso Group Holdings ROCE % Calculation

China Lesso Group 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 )
	=	4131.126	/	( ( (65890.636 - 23950.261)	+	(65660.936 - 26811.496) )	/ 2 )
	=	4131.126	/	( (41940.375	+	38849.44)	/ 2 )
	=	4131.126	/	40394.9075
	=	10.23 %

China Lesso Group 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 )
	=	3805.226	/	( ( (65660.936 - 26811.496)	+	(64154.266 - 22632.655) )	/ 2 )
	=	3805.226	/	( ( 38849.44	+	41521.611 )	/ 2 )
	=	3805.226	/	40185.5255
	=	9.47 %

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

China Lesso Group Holdings (HKSE:02128) 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 Lesso Group Holdings ROCE % Related Terms

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China Lesso Group Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » China Lesso Group Holdings Ltd (HKSE:02128) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Liansu Industrial Estate, Longjiang Town, Shunde District, Foshan, CHN, 528318

Website

https://www.lesso.com

China Lesso Group Holdings Ltd is engaged in the manufacturing and selling of piping and building materials in Mainland China. The company provides high-quality products and services such as plastic piping, building materials, and home improvement, new energy, environmental protection, and operates a supply chain service platform. It has three segments Southern China, including Guangdong Province, Guangxi Zhuang Autonomous Region, Hunan Province, Fujian Province, and Hainan Province; Other than Southern China, including regions in China other than Southern China; and Outside China.

Executives

Ubs Trustees (b.v.i.) Limited	2301 Trustee
New Fortune Star Limited	2101 Beneficial owner
Wong Luen Hei	2307 Founder of a discretionary trust who can infl
Zuo Xiaoping	2305 Beneficiary of a trust
Xi Xi Development Limited	2201 Interest of corporation controlled by you

China Lesso Group Holdings Headlines

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