Xiamen Leading Optics Co (SHSE:605118) ROCE % : 10.96% (As of Sep. 2024)

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What is Xiamen Leading Optics 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. Xiamen Leading Optics Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 10.96%.

Xiamen Leading Optics Co ROCE % Historical Data

The historical data trend for Xiamen Leading Optics 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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Xiamen Leading Optics Co ROCE % Chart

Xiamen Leading Optics Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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38.55

19.24

13.74

13.24

12.04

Xiamen Leading Optics 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															13.35	11.40	10.56	12.49	10.96

Xiamen Leading Optics Co ROCE % Calculation

Xiamen Leading Optics 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 )
	=	174.929	/	( ( (1528.353 - 131.223)	+	(1644.928 - 135.816) )	/ 2 )
	=	174.929	/	( (1397.13	+	1509.112)	/ 2 )
	=	174.929	/	1453.121
	=	12.04 %

Xiamen Leading Optics 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 )
	=	162.936	/	( ( (1702.3 - 211.52)	+	(1723.67 - 241.492) )	/ 2 )
	=	162.936	/	( ( 1490.78	+	1482.178 )	/ 2 )
	=	162.936	/	1486.479
	=	10.96 %

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

Xiamen Leading Optics Co (SHSE:605118) 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.

Xiamen Leading Optics Co ROCE % Related Terms

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Xiamen Leading Optics Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Xiamen Leading Optics Co Ltd (SHSE:605118) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Plant 1, No. 26, Xinmei Road, Xinyang Industrial Zone, Haicang District, Fujian Province, Xiamen, CHN, 361028

Website

http://www.leadingoptics.com

Xiamen Leading Optics Co Ltd is engaged in design, production and sales of optical lenses. The company's products include Surveillance Lens; Automotives Lens; Machine Vision Lens; ITS Lens; Low Distortion Lens; Consumer Imaging; and Panoramic Lens. Its products are used in multiple fields of application including security surveillance, medical and biological studies and researches, intelligent traffic systems, video conference, intelligent home security, sports camera and many more.

Executives

Zhang Jun Guang	Director
Chen Ya Cong	Director
Chen Rong	senior management

Xiamen Leading Optics Co Headlines

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