LX Technology Group (HKSE:02436) ROCE % : -12.40% (As of Dec. 2023)

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What is LX Technology 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. LX Technology Group's annualized ROCE % for the quarter that ended in Dec. 2023 was -12.40%.

LX Technology Group ROCE % Historical Data

The historical data trend for LX Technology 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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LX Technology Group ROCE % Chart

LX Technology Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-16.22

-36.09

-69.74

16.51

-8.59

LX Technology Group Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			-48.31	4.52	30.20	-4.67	-12.40

LX Technology Group ROCE % Calculation

LX Technology 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 )
	=	-94.845	/	( ( (1743.036 - 668.9)	+	(1838.747 - 705.677) )	/ 2 )
	=	-94.845	/	( (1074.136	+	1133.07)	/ 2 )
	=	-94.845	/	1103.603
	=	-8.59 %

LX Technology 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 )
	=	-138.802	/	( ( (1758.807 - 652.37)	+	(1838.747 - 705.677) )	/ 2 )
	=	-138.802	/	( ( 1106.437	+	1133.07 )	/ 2 )
	=	-138.802	/	1119.7535
	=	-12.40 %

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

LX Technology Group (HKSE:02436) 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.

LX Technology Group ROCE % Related Terms

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LX Technology Group (HKSE:02436) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » LX Technology Group Ltd (HKSE:02436) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 Kaifeng Road, Meilin Street, 501, 5th Floor Cuilin Building, International financial technology city, Maling District, Futian District, Shenzhen, CHN

Website

https://www.bearrental.com

LX Technology Group Ltd is a device as a service provider in China. It is principally engaged in the sales of refurbished de-commissioned IT devices to, among others, resellers of IT devices, and the provision of the device and IT technical subscription services to SMEs in China. The segments of the company are the Device recycling business and Device subscription services, from which the company earns maximum revenue from the Device recycling business.

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