Chengdu Lihang Technology Co (SHSE:603261) ROCE % : -4.74% (As of Sep. 2024)

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What is Chengdu Lihang 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. Chengdu Lihang Technology Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -4.74%.

Chengdu Lihang Technology Co ROCE % Historical Data

The historical data trend for Chengdu Lihang 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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Chengdu Lihang Technology Co ROCE % Chart

Chengdu Lihang Technology Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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26.57

19.63

17.02

6.11

-8.72

Chengdu Lihang Technology Co Quarterly Data
	Dec16	Dec17	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															0.75	-36.77	-5.35	-6.63	-4.74

Chengdu Lihang Technology Co ROCE % Calculation

Chengdu Lihang 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 )
	=	-77.281	/	( ( (1184.472 - 269.089)	+	(1092.241 - 234.54) )	/ 2 )
	=	-77.281	/	( (915.383	+	857.701)	/ 2 )
	=	-77.281	/	886.542
	=	-8.72 %

Chengdu Lihang 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 )
	=	-39.5	/	( ( (1099.824 - 262.36)	+	(1136.1 - 308.596) )	/ 2 )
	=	-39.5	/	( ( 837.464	+	827.504 )	/ 2 )
	=	-39.5	/	832.484
	=	-4.74 %

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

Chengdu Lihang Technology Co (SHSE:603261) 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.

Chengdu Lihang Technology Co ROCE % Related Terms

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Chengdu Lihang Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Chengdu Lihang Technology Co Ltd (SHSE:603261) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1 attached to No. 24 Yongfeng Road, Chengdu High-tech Zone, Sichuan Province, Chengdu, CHN, 610091

Website

http://www.cdlihang.com

Chengdu Lihang Technology Co Ltd is engaged in production, maintenance and support of aircraft. The company's products and services include Digital jack and attitude adjustment platform, digital chemical engineering laboratory, and Assembly of the barrel section of the fuselage of a certain type of civil regional airliner.

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