LONGi Green Energy Technology Co (SHSE:601012) ROCE % : -5.21% (As of Sep. 2024)

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What is LONGi Green Energy Technology 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. LONGi Green Energy Technology Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -5.21%.

LONGi Green Energy Technology Co ROCE % Historical Data

The historical data trend for LONGi Green Energy Technology 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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LONGi Green Energy Technology Co ROCE % Chart

LONGi Green Energy Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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22.55

25.30

20.77

25.14

14.59

LONGi Green Energy Technology 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															12.41	-3.50	-11.41	-13.96	-5.21

LONGi Green Energy Technology Co ROCE % Calculation

LONGi Green Energy Technology 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 )
	=	12505.038	/	( ( (139555.593 - 60529.172)	+	(163969.201 - 71560.307) )	/ 2 )
	=	12505.038	/	( (79026.421	+	92408.894)	/ 2 )
	=	12505.038	/	85717.6575
	=	14.59 %

LONGi Green Energy Technology 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 )
	=	-4816.356	/	( ( (158962.649 - 66293.983)	+	(155192.006 - 62954.452) )	/ 2 )
	=	-4816.356	/	( ( 92668.666	+	92237.554 )	/ 2 )
	=	-4816.356	/	92453.11
	=	-5.21 %

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

LONGi Green Energy Technology Co (SHSE:601012) 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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LONGi Green Energy Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » LONGi Green Energy Technology Co Ltd (SHSE:601012) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

No. 8369, Shangyuan Road, Economic and Technological Development Zone, Shaanxi Province, Xian, CHN, 710018

Website

https://www.longi.com

LONGi Green Energy Technology is one of the largest integrated solar company in the world. It produced 127.5 gigawatts of solar silicon wafers and 72.8 GW of solar modules in 2023. Solar silicon wafer and solar module contributed 19% and 77% of revenue in 2023, respectively. LONGi's production bases are mostly in China. LONGi's products are sold in more than 150 countries and regions.

Executives

Zhong Bao Shen	Director
Tian Ye	Director
Liu Xue Wen	Director
Bai Zhong Xue	Director
Liu Xiao Dong	senior management
Li Zhen Guo	Director
Qin Yong Bo	Supervisors
Xu Da Peng	Director
Zou Zong Hai	Director
Li Chun An	Director
Wang Xiao Zhe	senior management
Huang Li Xin	senior management
Dai Su	Supervisors
Hu Zhong Xiang	Director
Zhang Yi Tao	senior management

LONGi Green Energy Technology Co Headlines

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