Shenzhen Lifotronic Technology Co (SHSE:688389) ROCE % : 16.95% (As of Sep. 2024)

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What is Shenzhen Lifotronic 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. Shenzhen Lifotronic Technology Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 16.95%.

Shenzhen Lifotronic Technology Co ROCE % Historical Data

The historical data trend for Shenzhen Lifotronic 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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Shenzhen Lifotronic Technology Co ROCE % Chart

Shenzhen Lifotronic Technology Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.69

13.98

16.73

18.85

21.31

Shenzhen Lifotronic 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															16.95	29.26	28.89	14.71	16.95

Shenzhen Lifotronic Technology Co ROCE % Calculation

Shenzhen Lifotronic 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 )
	=	347.245	/	( ( (1820.516 - 368.047)	+	(2331.379 - 525.265) )	/ 2 )
	=	347.245	/	( (1452.469	+	1806.114)	/ 2 )
	=	347.245	/	1629.2915
	=	21.31 %

Shenzhen Lifotronic 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 )
	=	323.58	/	( ( (2415.482 - 550.108)	+	(2823.07 - 870.22) )	/ 2 )
	=	323.58	/	( ( 1865.374	+	1952.85 )	/ 2 )
	=	323.58	/	1909.112
	=	16.95 %

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

Shenzhen Lifotronic Technology Co (SHSE:688389) 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.

Shenzhen Lifotronic Technology Co ROCE % Related Terms

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Shenzhen Lifotronic Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Shenzhen Lifotronic Technology Co Ltd (SHSE:688389) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

No. 8 Qiuzhi East Road, Guanhu Street, 1st Floor, Jindi Tianyue Bay, Guancheng Community, Longhua District, Guangdong, Shenzhen, CHN, 518055

Website

http://www.lifotronic.com

Shenzhen Lifotronic Technology Co Ltd is a China based company engaged in the development, production and sales of therapeutic and rehabilitation products, in vitro diagnostic equipment and supporting reagents.

Executives

Wang Zheng	Core technical personnel
Peng Guo Qing	Core technical personnel
Xiang Lei	Director
Wang Hong	Director
Hu Ming Long	Director
Li Da Wei	senior management

Shenzhen Lifotronic Technology Co Headlines

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