Lanzhou LS Heavy Equipment Co (SHSE:603169) ROCE % : 8.67% (As of Dec. 2024)

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What is Lanzhou LS Heavy Equipment 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. Lanzhou LS Heavy Equipment Co's annualized ROCE % for the quarter that ended in Dec. 2024 was 8.67%.

Lanzhou LS Heavy Equipment Co ROCE % Historical Data

The historical data trend for Lanzhou LS Heavy Equipment 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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Lanzhou LS Heavy Equipment Co ROCE % Chart

Lanzhou LS Heavy Equipment Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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-1.50

10.20

8.60

7.13

6.99

Lanzhou LS Heavy Equipment Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															5.68	5.79	5.67	5.44	8.67

Lanzhou LS Heavy Equipment Co ROCE % Calculation

Lanzhou LS Heavy Equipment Co's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	329.382	/	( ( (12536.925 - 7863.68)	+	(12376.48 - 7630.802) )	/ 2 )
	=	329.382	/	( (4673.245	+	4745.678)	/ 2 )
	=	329.382	/	4709.4615
	=	6.99 %

Lanzhou LS Heavy Equipment Co's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	440.848	/	( ( (13034.632 - 7610.267)	+	(12376.48 - 7630.802) )	/ 2 )
	=	440.848	/	( ( 5424.365	+	4745.678 )	/ 2 )
	=	440.848	/	5085.0215
	=	8.67 %

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

Lanzhou LS Heavy Equipment Co (SHSE:603169) 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.

Lanzhou LS Heavy Equipment Co ROCE % Related Terms

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Lanzhou LS Heavy Equipment Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Lanzhou LS Heavy Equipment Co Ltd (SHSE:603169) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

No. 528, West Section of Huanghe Avenue, Lanzhou New District, Gansu Province, Lanzhou, CHN, 730087

Website

http://www.lshec.com

Lanzhou LS Heavy Equipment Co Ltd is a China-based company. It is engaged in the manufacturing of pressure vessels in the energy industry. The firm operates through two business divisions including equipment manufacturing business and petrochemical engineering general contracting. The equipment manufacturing business is responsible for collecting information, obtaining contract orders through bidding and negotiation, and design department responsible department. It caters its services to energy industry such as refining, chemical, coal chemical, nuclear power, and biomedicine. Its product offerings include nuclear products, pressure separators, coal chemical equipment, tanks, hydrogenation reactors, and threaded locking ring type heat exchangers.

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