Longjian Road & Bridge Co (SHSE:600853) ROCE % : 4.90% (As of Mar. 2024)

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What is Longjian Road & Bridge 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. Longjian Road & Bridge Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.90%.

Longjian Road & Bridge Co ROCE % Historical Data

The historical data trend for Longjian Road & Bridge 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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Longjian Road & Bridge Co ROCE % Chart

Longjian Road & Bridge Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.66

7.37

4.05

9.17

7.84

Longjian Road & Bridge Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															4.93	6.65	8.23	11.32	4.90

Longjian Road & Bridge Co ROCE % Calculation

Longjian Road & Bridge 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 )
	=	1111.443	/	( ( (32455.341 - 18572.715)	+	(36520.118 - 22048.636) )	/ 2 )
	=	1111.443	/	( (13882.626	+	14471.482)	/ 2 )
	=	1111.443	/	14177.054
	=	7.84 %

Longjian Road & Bridge Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	700.048	/	( ( (36520.118 - 22048.636)	+	(34655.436 - 20574.145) )	/ 2 )
	=	700.048	/	( ( 14471.482	+	14081.291 )	/ 2 )
	=	700.048	/	14276.3865
	=	4.90 %

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

Longjian Road & Bridge Co (SHSE:600853) 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.

Longjian Road & Bridge Co ROCE % Related Terms

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Longjian Road & Bridge Co (SHSE:600853) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Longjian Road & Bridge Co Ltd (SHSE:600853) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

No. 368, Changjiang Road, Nangang District, Heilongjiang Province, Harbin, CHN, 150009

Website

http://www.longjianlq.com

Longjian Road & Bridge Co Ltd is engaged in road and bridge construction. It is also involved in other businesses such as e-commerce platform for green and organic food, green energy resources, investment and trade, financial services, and others. The company's main business comprises of Road Engineering, Bridge Engineering, Municipal Engineering, Tunnel Engineering, Metro Engineering, Engineering Design, and Overseas Business. It provides its construction services to Bangladesh, Sudan, Kenya, Sri Lanka, India, Ethiopia, Surinam, Ghana, Uganda, Mongolia, and other countries.

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