Shanxi Lanhua Sci-Tech Venture Co (SHSE:600123) ROCE % : 4.25% (As of Sep. 2024)

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What is Shanxi Lanhua Sci-Tech Venture 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. Shanxi Lanhua Sci-Tech Venture Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 4.25%.

Shanxi Lanhua Sci-Tech Venture Co ROCE % Historical Data

The historical data trend for Shanxi Lanhua Sci-Tech Venture 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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Shanxi Lanhua Sci-Tech Venture Co ROCE % Chart

Shanxi Lanhua Sci-Tech Venture Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.26

3.31

17.88

24.37

16.27

Shanxi Lanhua Sci-Tech Venture Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															19.14	10.94	5.03	10.21	4.25

Shanxi Lanhua Sci-Tech Venture Co ROCE % Calculation

Shanxi Lanhua Sci-Tech Venture 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 )
	=	3521.274	/	( ( (30342.189 - 10060.919)	+	(30937.298 - 7927.96) )	/ 2 )
	=	3521.274	/	( (20281.27	+	23009.338)	/ 2 )
	=	3521.274	/	21645.304
	=	16.27 %

Shanxi Lanhua Sci-Tech Venture Co's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	943.08	/	( ( (31335.118 - 9014.087)	+	(31322.893 - 9287.755) )	/ 2 )
	=	943.08	/	( ( 22321.031	+	22035.138 )	/ 2 )
	=	943.08	/	22178.0845
	=	4.25 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

Shanxi Lanhua Sci-Tech Venture Co (SHSE:600123) 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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Shanxi Lanhua Sci-Tech Venture Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Shanxi Lanhua Sci-Tech Venture Co Ltd (SHSE:600123) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 2288 Fengtai East Street, Lanhua Technology Building, Jincheng, Shanxi, CHN, 048000

Website

http://www.chinalanhua.com

Shanxi Lanhua Sci-Tech Venture Co Ltd is engaged in the production and sale of coal. It also offers chemical products comprising urea, fertilizer products, caprolactam products, dimethyl ether, and methanol. The company sells its products in various provinces and cities in China; and exports its products to North America, Southeast Asia, and other countries.

Executives

Niu Zhen Ming	senior management
Zhen En Ci	senior management
Lv Ji Feng	senior management
Niu Bin	senior management
He Gen Hu	senior management
Han Jian Zhong	Director
Li Xiao Ming	senior management
Chen Sheng Li	Director
Yin Ming	Supervisors
Lei Xue Feng	senior management
Wang Li Yin	Director
Hao Yue Zhou	Director
Wang Bo	senior management
He Gui Yuan	Director
Chang Xiang Sheng	Director

Shanxi Lanhua Sci-Tech Venture Co Headlines

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