Long Yuan Construction Group Co (SHSE:600491) ROCE % : 1.99% (As of Jun. 2024)

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What is Long Yuan Construction Group 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. Long Yuan Construction Group Co's annualized ROCE % for the quarter that ended in Jun. 2024 was 1.99%.

Long Yuan Construction Group Co ROCE % Historical Data

The historical data trend for Long Yuan Construction Group 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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Long Yuan Construction Group Co ROCE % Chart

Long Yuan Construction Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.59

4.95

7.65

6.52

0.22

Long Yuan Construction Group Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															-1.83	4.11	-7.52	5.22	1.99

Long Yuan Construction Group Co ROCE % Calculation

Long Yuan Construction Group 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 )
	=	68.572	/	( ( (66652.06 - 34840.981)	+	(57843.842 - 28604.95) )	/ 2 )
	=	68.572	/	( (31811.079	+	29238.892)	/ 2 )
	=	68.572	/	30524.9855
	=	0.22 %

Long Yuan Construction Group 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: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	582.204	/	( ( (57174.303 - 27736.711)	+	(56166.354 - 26991.772) )	/ 2 )
	=	582.204	/	( ( 29437.592	+	29174.582 )	/ 2 )
	=	582.204	/	29306.087
	=	1.99 %

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

Long Yuan Construction Group Co (SHSE:600491) 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.

Long Yuan Construction Group Co ROCE % Related Terms

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Long Yuan Construction Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Long Yuan Construction Group Co Ltd (SHSE:600491) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 768 Yixian Road, Shanghai, Shanghai, CHN, 200434

Website

http://www.lycg.com.cn

Long Yuan Construction Group Co Ltd operates as a construction company in China. It constructs a stadium, housing, university and school, and medical projects, as well as factory, high-rise office, and hotel/commercial buildings; and flyovers, roads, expressways, and bridges.

Executives

Lai Zhen Yuan	Director
Lai Chao Hui	Directors, senior managers
Zhang Li	senior management
Yan Li Qun	senior management
Meng Qing Fu	senior management
Wang De Hua	senior management
Qian Shui Jiang	senior management
Qu Ying	Supervisors
Zhu Rui Liang	senior management

Long Yuan Construction Group Co Headlines

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