Liuzhou Iron & Steel Co (SHSE:601003) ROCE % : -3.43% (As of Sep. 2024)

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What is Liuzhou Iron & Steel 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. Liuzhou Iron & Steel Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -3.43%.

Liuzhou Iron & Steel Co ROCE % Historical Data

The historical data trend for Liuzhou Iron & Steel 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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Liuzhou Iron & Steel Co ROCE % Chart

Liuzhou Iron & Steel Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.51

6.00

7.48

-7.06

-0.89

Liuzhou Iron & Steel 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															-3.29	-2.29	2.91	3.03	-3.43

Liuzhou Iron & Steel Co ROCE % Calculation

Liuzhou Iron & Steel 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 )
	=	-388.447	/	( ( (71412.255 - 27139.678)	+	(68575.026 - 25798.353) )	/ 2 )
	=	-388.447	/	( (44272.577	+	42776.673)	/ 2 )
	=	-388.447	/	43524.625
	=	-0.89 %

Liuzhou Iron & Steel 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 )
	=	-1406.464	/	( ( (66638.094 - 25696.906)	+	(64155.927 - 23149.956) )	/ 2 )
	=	-1406.464	/	( ( 40941.188	+	41005.971 )	/ 2 )
	=	-1406.464	/	40973.5795
	=	-3.43 %

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

Liuzhou Iron & Steel Co (SHSE:601003) 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.

Liuzhou Iron & Steel Co ROCE % Related Terms

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Liuzhou Iron & Steel Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Liuzhou Iron & Steel Co Ltd (SHSE:601003) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 117 Beique Road, Liuzhou, Guangxi, CHN, 545002

Website

http://www.liusteel.com

Liuzhou Iron & Steel Co Ltd is a China-based steel company. It is engaged in the manufacturing of iron and steel. The company specializes in producing value-added plate, rebar, wire, channel steel, round steel, angle steel, ship plate, boilerplate and die steel. The company also exports its products to Asia, Japan, South Korea and Europe.

Executives

Xiong Xiao Ming	Directors, senior managers
Wang Wen Hui	Director
Ruan Zhi Yong	Supervisors
Luo Hai Yan	Director

Liuzhou Iron & Steel Co Headlines

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