Launch Tech Co (HKSE:02488) ROCE % : 33.14% (As of Jun. 2024)

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What is Launch Tech 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. Launch Tech Co's annualized ROCE % for the quarter that ended in Jun. 2024 was 33.14%.

Launch Tech Co ROCE % Historical Data

The historical data trend for Launch Tech 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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Launch Tech Co ROCE % Chart

Launch Tech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-12.52

-14.12

16.59

34.53

14.60

Launch Tech Co Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															8.88	50.43	10.38	18.31	33.14

Launch Tech Co ROCE % Calculation

Launch Tech 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 )
	=	206.47	/	( ( (2218.481 - 776.125)	+	(2029.199 - 642.428) )	/ 2 )
	=	206.47	/	( (1442.356	+	1386.771)	/ 2 )
	=	206.47	/	1414.5635
	=	14.60 %

Launch Tech 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 )
	=	432.864	/	( ( (2029.199 - 642.428)	+	(2060.103 - 834.575) )	/ 2 )
	=	432.864	/	( ( 1386.771	+	1225.528 )	/ 2 )
	=	432.864	/	1306.1495
	=	33.14 %

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

Launch Tech Co (HKSE:02488) 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.

Launch Tech Co ROCE % Related Terms

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Launch Tech Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Launch Tech Co Ltd (HKSE:02488) » Definitions » ROCE %

Traded in Other Exchanges

LAN:Germany

Address

Launch Industrial Park, North of Wuhe Road, Banxuegang, Longgang District, Shenzhen, CHN, 518129

Website

https://www.cnlaunch.com

Launch Tech Co Ltd principally engages in the provision of products and services serving the automotive aftermarket and the automobile industry mainly in the People's Republic of China and certain overseas countries. The company operates its business through three reportable segments. The Automotive Diagnosis segment generates the majority of the earnings for the company. It is involved in the research and development, production and sales of automotive diagnostic and inspection products. The Lift segment is engaged in the research and development, production and sales of machinery products in the automotive aftermarket. The Overseas Sales segment develops and maintains European distributors and customers.

Executives

Cao Guanye

2101 Beneficial owner

Launch Tech Co Headlines

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