Luxin Venture Capital Group Co (SHSE:600783) ROCE % : 5.84% (As of Sep. 2024)

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What is Luxin Venture Capital 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. Luxin Venture Capital Group Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 5.84%.

Luxin Venture Capital Group Co ROCE % Historical Data

The historical data trend for Luxin Venture Capital 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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Luxin Venture Capital Group Co ROCE % Chart

Luxin Venture Capital Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.22

9.60

11.41

9.77

5.82

Luxin Venture Capital Group 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															-12.12	16.47	-7.19	24.79	5.84

Luxin Venture Capital Group Co ROCE % Calculation

Luxin Venture Capital 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 )
	=	489.53	/	( ( (8509.473 - 227.267)	+	(8715.836 - 172.068) )	/ 2 )
	=	489.53	/	( (8282.206	+	8543.768)	/ 2 )
	=	489.53	/	8412.987
	=	5.82 %

Luxin Venture Capital Group 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 )
	=	516.144	/	( ( (9027.961 - 249.098)	+	(9043.726 - 161.053) )	/ 2 )
	=	516.144	/	( ( 8778.863	+	8882.673 )	/ 2 )
	=	516.144	/	8830.768
	=	5.84 %

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

Luxin Venture Capital Group Co (SHSE:600783) 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.

Luxin Venture Capital Group Co ROCE % Related Terms

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Luxin Venture Capital Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Luxin Venture Capital Group Co Ltd (SHSE:600783) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

9999 Jingshi Road, Golden Times Square, 4th Floor, Block C, Jinan, CHN, 250101

Website

http://www.600783.cn

Luxin Venture Capital Group Co Ltd is a China-based venture capital company. It is engaged in the investment in industries such as advanced manufacturing, modern agriculture, and marine economy; strategic emerging industries such as information technology, energy conservation and environmental protection, new energy, new materials, biotechnology and high-end equipment manufacturing. It is also involved in the fund management business which includes government-managed investment funds and market-oriented self-investment funds.

Executives

Wang Xu Dong	Director
Zhang Yan Ming	Director

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