Pu`er Lancang Ancient Tea Co (HKSE:06911) ROCE % : 12.79% (As of Dec. 2023)

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What is Pu`er Lancang Ancient Tea 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. Pu`er Lancang Ancient Tea Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 12.79%.

Pu`er Lancang Ancient Tea Co ROCE % Historical Data

The historical data trend for Pu`er Lancang Ancient Tea 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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Pu`er Lancang Ancient Tea Co ROCE % Chart

Pu`er Lancang Ancient Tea Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

19.42

17.89

9.22

9.45

Pu`er Lancang Ancient Tea Co Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial			7.63	11.36	6.65	12.79	1.76

Pu`er Lancang Ancient Tea Co ROCE % Calculation

Pu`er Lancang Ancient Tea 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 )
	=	118.313	/	( ( (1575.574 - 431.645)	+	(1780.646 - 421.493) )	/ 2 )
	=	118.313	/	( (1143.929	+	1359.153)	/ 2 )
	=	118.313	/	1251.541
	=	9.45 %

Pu`er Lancang Ancient Tea 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: 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 )
	=	160.388	/	( ( (1555.354 - 407.292)	+	(1780.646 - 421.493) )	/ 2 )
	=	160.388	/	( ( 1148.062	+	1359.153 )	/ 2 )
	=	160.388	/	1253.6075
	=	12.79 %

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

Pu`er Lancang Ancient Tea Co (HKSE:06911) 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.

Pu`er Lancang Ancient Tea Co ROCE % Related Terms

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Pu`er Lancang Ancient Tea Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Pu`er Lancang Ancient Tea Co Ltd (HKSE:06911) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Pingzhang Road, West Suburb Hot Spring Community, Lancang Lahu Ethnic Autonomous County, Yunnan Province, Menglang Town, Puer, CHN

Website

http://www.lcgc.cn

Pu`er Lancang Ancient Tea Co Ltd is principally engaged in the development, manufacturing and sales of tea products, primarily Pu'er tea products in China.

Executives

China Credit Trust Co., Ltd	2201 Interest of corporation controlled by you
Harvest Fund Management Co., Ltd.	2201 Interest of corporation controlled by you
Lan Cang Lv Se Zi Yuan Tou Zi You Xian Gong Si	2101 Beneficial owner
Lan Cang Xian Guo You Zi Chan Jing Ying You Xian Ze Ren Gong Si	2201 Interest of corporation controlled by you
Lan Cang Xian Tou Zi Kong Gu Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Sheng Song Lan Cang Sheng Shi Cha Xiang Yi Hao Si Mu Zheng Quan Tou Zi Ji Jin	2101 Beneficial owner
Dong Xing An Xin Hao Dan Yi Zi Chan Guan Li Ji Hua	2301 Trustee
Wang Chen	2201 Interest of corporation controlled by you
Zhang Liang	2201 Interest of corporation controlled by you
Zhong Guo Hai Jing Ji Tuan You Xian Gong Si	2101 Beneficial owner
Wang Chunyu	2101 Beneficial owner

Pu`er Lancang Ancient Tea Co Headlines

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