Liaoning Fu-An Heavy Industry Co (SHSE:603315) ROCE % : 7.37% (As of Sep. 2024)

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What is Liaoning Fu-An Heavy Industry 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. Liaoning Fu-An Heavy Industry Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 7.37%.

Liaoning Fu-An Heavy Industry Co ROCE % Historical Data

The historical data trend for Liaoning Fu-An Heavy Industry 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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Liaoning Fu-An Heavy Industry Co ROCE % Chart

Liaoning Fu-An Heavy Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.27

9.11

6.91

5.26

7.09

Liaoning Fu-An Heavy Industry 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															6.76	6.66	6.23	13.40	7.37

Liaoning Fu-An Heavy Industry Co ROCE % Calculation

Liaoning Fu-An Heavy Industry 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 )
	=	110.954	/	( ( (2790.095 - 1247.14)	+	(2814.888 - 1228.234) )	/ 2 )
	=	110.954	/	( (1542.955	+	1586.654)	/ 2 )
	=	110.954	/	1564.8045
	=	7.09 %

Liaoning Fu-An Heavy Industry 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 )
	=	125.452	/	( ( (2927.108 - 1239.701)	+	(2956.048 - 1237.975) )	/ 2 )
	=	125.452	/	( ( 1687.407	+	1718.073 )	/ 2 )
	=	125.452	/	1702.74
	=	7.37 %

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

Liaoning Fu-An Heavy Industry Co (SHSE:603315) 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.

Liaoning Fu-An Heavy Industry Co ROCE % Related Terms

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Liaoning Fu-An Heavy Industry Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Liaoning Fu-An Heavy Industry Co Ltd (SHSE:603315) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No.8, Anzheng Road, Qianshan District, Anshan, CHN, 114016

Website

http://www.lnfa.com.cn

Liaoning Fu-An Heavy Industry Co Ltd is engaged in the manufacturing of heavy steel castings products. According to the use, its products can be divided into thermal power equipment Castings, hydroelectric equipment castings, other power generation equipment castings and other castings. The main thermal power products include high/medium pressure internal and external cylinders; Valve body/cylinder. Hydropower products include upper crown, lower ring, runner body, Thrust heads, blades, ball valve bodies. Rail transit products include internal combustion engine bogies.

Executives

Han Yue Hai	Director
Yin Chen Yang	Director
Mu Jian Hua	Director
Yu Guang Yu	senior management
Liu Ying Chun	senior management
Qin Shuai	Directors, senior managers
Li Jian	senior management
Liu Ai Guo	Directors, senior managers
Zhang Yi Yan	Supervisors
Shi Peng	Directors, senior managers
Li Jing	Directors, senior managers
Wu Di	senior management
Gou Min	Supervisors
Lv Shi Ping	Director
Li Min	Supervisors

Liaoning Fu-An Heavy Industry Co Headlines

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