Luyang Energy-Saving Materials Co (SZSE:002088) ROCE % : 24.72% (As of Sep. 2024)

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What is Luyang Energy-Saving Materials 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. Luyang Energy-Saving Materials Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 24.72%.

Luyang Energy-Saving Materials Co ROCE % Historical Data

The historical data trend for Luyang Energy-Saving Materials 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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Luyang Energy-Saving Materials Co ROCE % Chart

Luyang Energy-Saving Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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18.27

18.17

23.25

22.38

18.48

Luyang Energy-Saving Materials 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															22.85	20.23	13.05	22.80	24.72

Luyang Energy-Saving Materials Co ROCE % Calculation

Luyang Energy-Saving Materials 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 )
	=	556.611	/	( ( (4445.438 - 1259.818)	+	(3835 - 996.891) )	/ 2 )
	=	556.611	/	( (3185.62	+	2838.109)	/ 2 )
	=	556.611	/	3011.8645
	=	18.48 %

Luyang Energy-Saving Materials 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 )
	=	669.292	/	( ( (3568.322 - 929.089)	+	(3731.094 - 954.379) )	/ 2 )
	=	669.292	/	( ( 2639.233	+	2776.715 )	/ 2 )
	=	669.292	/	2707.974
	=	24.72 %

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

Luyang Energy-Saving Materials Co (SZSE:002088) 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.

Luyang Energy-Saving Materials Co ROCE % Related Terms

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Luyang Energy-Saving Materials Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Luyang Energy-Saving Materials Co Ltd (SZSE:002088) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 11 Yihe Road, Yiyuan County, Zibo, Shandong, CHN, 256120

Website

http://www.luyang.com

Luyang Energy-Saving Materials Co Ltd is engaged in the ceramic and fibre industries in China.

Executives

Lu Chao	Executives
Sheng Xin Tai	Directors, executives
Du Yi Xue	Secretary Dong
Ma Zhong Jun	Executives
Zheng Wei Jin	Executives
Lu Cheng Bin	Director
Bi Yan Hai	Supervisors
Gao Jun Chang	Director
Lu Cheng Hong	Executives
Wang Kan	Executives
Wang Ai Ming	Director
Lu Mei Jun	Supervisors
Du Zhao Feng	Supervisors
Yang Jie Hui	Securities Affairs Representative
Liu Zhao Juan	Executives

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