Lianhe Chemical Technology Co (SZSE:002250) ROCE % : 3.18% (As of Mar. 2024)

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What is Lianhe Chemical 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. Lianhe Chemical Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 3.18%.

Lianhe Chemical Technology Co ROCE % Historical Data

The historical data trend for Lianhe Chemical 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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Lianhe Chemical Technology Co ROCE % Chart

Lianhe Chemical Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.09

4.04

6.47

12.17

-2.95

Lianhe Chemical Technology 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															4.84	2.78	-3.30	-15.32	3.18

Lianhe Chemical Technology Co ROCE % Calculation

Lianhe Chemical 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 )
	=	-289.424	/	( ( (15008.66 - 5625.802)	+	(13907.014 - 3658.553) )	/ 2 )
	=	-289.424	/	( (9382.858	+	10248.461)	/ 2 )
	=	-289.424	/	9815.6595
	=	-2.95 %

Lianhe Chemical Technology 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 )
	=	331.996	/	( ( (13907.014 - 3658.553)	+	(13981.537 - 3371.084) )	/ 2 )
	=	331.996	/	( ( 10248.461	+	10610.453 )	/ 2 )
	=	331.996	/	10429.457
	=	3.18 %

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

Lianhe Chemical Technology Co (SZSE:002250) 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.

Lianhe Chemical Technology Co ROCE % Related Terms

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Lianhe Chemical Technology Co (SZSE:002250) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Lianhe Chemical Technology Co Ltd (SZSE:002250) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 41 Wangxi Road, Huangyan District, Taizhou, Zhejiang, CHN, 318020

Website

http://www.hlchem.com

Lianhe Chemical Technology Co Ltd operates in chemical raw materials and chemical manufacturing industry. The company is engaged in providing chemical and technical solutions to areas of pesticides, pharmaceuticals, functional chemicals, and equipment and engineering.

Executives

Fan Xiao Bin	Directors, executives
Chen Fei Biao	Directors, executives
Feng Yu Hai	Supervisors
Peng Yin Sheng	Director
Ren An Li	Securities Affairs Representative
Yu Zhen Ying	Supervisors
Mou Jin Xiang	Director
Zhou Wei Cheng	Independent director
Zhang You Zhi	Director
He Chun	Executives
Zhang Xian Gui	Executives
Ye Cai Qun	Securities Affairs Representative
Ye Yuan Ming	Executives
Bao Zhen Yong	Directors, executives, securities affairs represen
Zheng Xian Ping	Executives

Lianhe Chemical Technology Co (SZSE:002250) Headlines

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