Laopu Gold Co (HKSE:06181) ROCE % : 84.51% (As of Dec. 2023)

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What is Laopu Gold 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. Laopu Gold Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 84.51%.

Laopu Gold Co ROCE % Historical Data

The historical data trend for Laopu Gold 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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Laopu Gold Co ROCE % Chart

Laopu Gold Co Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

ROCE %

18.39

14.45

42.26

68.00

Laopu Gold Co Semi-Annual Data
	Dec21	Dec22	Dec23	Dec24
ROCE %	36.77	28.90	84.51	81.58

Laopu Gold Co ROCE % Calculation

Laopu Gold 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 )
	=	625.144	/	( ( (1441.915 - 325.389)	+	(2360.973 - 518.609) )	/ 2 )
	=	625.144	/	( (1116.526	+	1842.364)	/ 2 )
	=	625.144	/	1479.445
	=	42.26 %

Laopu Gold Co'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: Dec. 2022 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Dec. 2022 )		(Q: Dec. 2023 )
	=	1250.288	/	( ( (1441.915 - 325.389)	+	(2360.973 - 518.609) )	/ 2 )
	=	1250.288	/	( ( 1116.526	+	1842.364 )	/ 2 )
	=	1250.288	/	1479.445
	=	84.51 %

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

Laopu Gold Co (HKSE:06181) 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.

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Laopu Gold Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Laopu Gold Co Ltd (HKSE:06181) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1 Dong Chang’an Avenue, No. 3 West Building, Rooms 3-6, 6th floor, The Towers at Oriental Plaza, Dongcheng District, Beijing, CHN

Website

http://www.lphj.com

Laopu Gold Co Ltd is a Chinese heritage gold jewelry brand. It design, manufacture and sell pure gold jewelry which combines ancient wisdom and modern fashions. Our gold jewelry products primarily comprise pure gold jewelry and gem-set jewelry (with diamonds or other gemstones inlaid in pure gold) The company operated 33 boutiques in reputable commercial centers in 14 cities across China.

Executives

Xu Dongbo
Xu Gaoming
Beijing Hongqiao Jinji Consulting Co., Ltd.
Chen Guodong
Huang River Investment Limited
Tencent Holdings Limited

Laopu Gold Co Headlines

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