Shenzhen Leaguer Co (SZSE:002243) ROCE % : -0.65% (As of Mar. 2024)

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What is Shenzhen Leaguer 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 Leaguer Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -0.65%.

Shenzhen Leaguer Co ROCE % Historical Data

The historical data trend for Shenzhen Leaguer 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 Leaguer Co ROCE % Chart

Shenzhen Leaguer Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.84

9.20

10.03

6.17

3.81

Shenzhen Leaguer Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															3.45	7.61	3.58	0.72	-0.65

Shenzhen Leaguer Co ROCE % Calculation

Shenzhen Leaguer 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 )
	=	493.427	/	( ( (14977.516 - 2207.91)	+	(15604.676 - 2439.498) )	/ 2 )
	=	493.427	/	( (12769.606	+	13165.178)	/ 2 )
	=	493.427	/	12967.392
	=	3.81 %

Shenzhen Leaguer Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-85.824	/	( ( (15604.676 - 2439.498)	+	(15664.359 - 2230.699) )	/ 2 )
	=	-85.824	/	( ( 13165.178	+	13433.66 )	/ 2 )
	=	-85.824	/	13299.419
	=	-0.65 %

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

Shenzhen Leaguer Co (SZSE:002243) 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 Leaguer Co ROCE % Related Terms

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Shenzhen Leaguer Co (SZSE:002243) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Shenzhen Leaguer Co Ltd (SZSE:002243) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1001, Longgang Avenue, Longgang District, Guangdong, Shenzhen, CHN, 518117

Website

http://www.beautystar.cn

Shenzhen Leaguer Co Ltd formerly Shenzhen Beauty Star Co Ltd is engaged in development of new materials, packaging concept design, cosmetic and food plastic packaging production and sales, technological equipments and mold design manufacture, packaging recycling, battery packaging design, and automobile light weighting design.

Executives

He Zhen	Directors, executives
Ren Hong Juan	Securities Affairs Representative
Yao Zheng Yu	Executives
Cao Hai Cheng	Director
Lin Mao Qing	Supervisors
Cheng Ruo Fei	Directors, executives
Wang Ping	Director
Sun Jiang Ning	Supervisors
Li Gang	Director
Lai Xiao Hua	Executives

Shenzhen Leaguer Co (SZSE:002243) Headlines

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