Legend Holdings (HKSE:03396) ROCE % : 2.46% (As of Dec. 2023)

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What is Legend 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. Legend Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 2.46%.

Legend Holdings ROCE % Historical Data

The historical data trend for Legend 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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Legend Holdings ROCE % Chart

Legend Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.43

7.72

10.92

7.05

3.51

Legend Holdings 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															9.96	8.27	6.36	4.44	2.46

Legend Holdings ROCE % Calculation

Legend 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 )
	=	8919.782	/	( ( (760565.548 - 496951.053)	+	(728164.225 - 483980.226) )	/ 2 )
	=	8919.782	/	( (263614.495	+	244183.999)	/ 2 )
	=	8919.782	/	253899.247
	=	3.51 %

Legend Holdings'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 )
	=	6199.46	/	( ( (727956.746 - 467261.07)	+	(728164.225 - 483980.226) )	/ 2 )
	=	6199.46	/	( ( 260695.676	+	244183.999 )	/ 2 )
	=	6199.46	/	252439.8375
	=	2.46 %

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

Legend Holdings (HKSE:03396) 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.

Legend Holdings ROCE % Related Terms

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Legend Holdings (HKSE:03396) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Legend Holdings Ltd (HKSE:03396) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

1PC:Germany

Address

Room 1701, 17th Floor, Block 1, Court No. 2, Ke Xue Yuan Nanlu, Haidian District, Beinjing, CHN, 100190

Website

http://www.legendholdings.com.cn

Legend Holdings Ltd is a diversified industrial and investment group in China. The Company operates its business through two sectors: industrial operations and industrial incubations and investments. The Industrial operations segment includes Lenovo, which is mainly engaged in providing innovative intelligent devices and infrastructure, and creates intelligent solutions, services and software. Levima Group, which mainly engaged in the research and development, production and sales of advanced material products. The industrial incubations and investments includes Which is engaged in investment in the PE Funds and VC Funds as a limited partner and holds interest in the general partners of certain funds.

Executives

Bei Jing Lian Heng Yong Xin Tou Zi Zhong Xin You Xian He Huo	2101 Beneficial owner
Bei Jing Lian Heng Yong Kang Guan Li Zi Xun You Xian Gong Si	2201 Interest of corporation controlled by you
Liu Chuanzhi
Liu Chuanzhi	2101 Beneficial owner
Bei Jing Lian Chi Zhi Tong Guan Li Zi Xun You Xian Ze Ren Gong Si	2201 Interest of corporation controlled by you
Bei Jing Lian Chi Zhi Yuan Guan Li Zi Xun Zhong Xin You Xian He Huo	2101 Beneficial owner

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