Logory Logistics Technology Co (HKSE:02482) ROCE % : 8.41% (As of Jun. 2024)

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What is Logory Logistics 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. Logory Logistics Technology Co's annualized ROCE % for the quarter that ended in Jun. 2024 was 8.41%.

Logory Logistics Technology Co ROCE % Historical Data

The historical data trend for Logory Logistics 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.

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Logory Logistics Technology Co ROCE % Chart

Logory Logistics Technology Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

6.86

17.31

15.12

0.69

-4.81

Logory Logistics Technology Co Semi-Annual Data
	Dec19	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial			3.85	-2.47	-8.08	-1.68	8.41

Logory Logistics Technology Co ROCE % Calculation

Logory Logistics 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 )
	=	-32.654	/	( ( (2426.604 - 1806.695)	+	(2680.592 - 1943.165) )	/ 2 )
	=	-32.654	/	( (619.909	+	737.427)	/ 2 )
	=	-32.654	/	678.668
	=	-4.81 %

Logory Logistics Technology Co'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 )
	=	62.482	/	( ( (2680.592 - 1943.165)	+	(2853.915 - 2104.837) )	/ 2 )
	=	62.482	/	( ( 737.427	+	749.078 )	/ 2 )
	=	62.482	/	743.2525
	=	8.41 %

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

Logory Logistics Technology Co (HKSE:02482) 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.

Logory Logistics Technology Co ROCE % Related Terms

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Logory Logistics Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Logory Logistics Technology Co Ltd (HKSE:02482) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2700 Chuangxin Avenue, High-tech District, Anhui Province, Hefei, CHN

Website

https://www.logory.com

Logory Logistics Technology Co Ltd is a full-link digital freight service provider in China. The company provides a series of digital freight services and solutions for all participants in the freight industry such as logistics companies and cargo owners, as well as truckers in both inter-city and intra-city road freight transportation.

Executives

Hangzhou Yunbo Investment Consulting Co., Ltd.
Hu Simon Xiaoming
Jiang Fang
Jing Eric Xiandong
Ma Yun
Ye Sheng
Guo Tou Tai Kang Xin Tuo You Xian Gong Si	2301 Trustee
Ma Yi Ke Ji Ji Tuan Gu Fen You Xian Gong Si
Shang Hai Yun Xin Chuang Ye Tou Zi You Xian Gong Si

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