Luolai Lifestyle Technology Co (SZSE:002293) ROCE % : 11.55% (As of Sep. 2024)

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What is Luolai Lifestyle 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. Luolai Lifestyle Technology Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 11.55%.

Luolai Lifestyle Technology Co ROCE % Historical Data

The historical data trend for Luolai Lifestyle 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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Luolai Lifestyle Technology Co ROCE % Chart

Luolai Lifestyle Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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16.50

15.74

18.64

14.38

14.63

Luolai Lifestyle 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															11.87	16.18	9.57	7.52	11.55

Luolai Lifestyle Technology Co ROCE % Calculation

Luolai Lifestyle 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 )
	=	702.774	/	( ( (7098.419 - 2123.823)	+	(6804.216 - 2171.47) )	/ 2 )
	=	702.774	/	( (4974.596	+	4632.746)	/ 2 )
	=	702.774	/	4803.671
	=	14.63 %

Luolai Lifestyle 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 )
	=	513.48	/	( ( (6365.607 - 1877.91)	+	(6303.946 - 1902.455) )	/ 2 )
	=	513.48	/	( ( 4487.697	+	4401.491 )	/ 2 )
	=	513.48	/	4444.594
	=	11.55 %

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

Luolai Lifestyle Technology Co (SZSE:002293) 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.

Luolai Lifestyle Technology Co ROCE % Related Terms

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Luolai Lifestyle Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Luolai Lifestyle Technology Co Ltd (SZSE:002293) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

1699, Xinghu Avenue, Development Zone, Nantong, CHN, 226009

Website

http://www.luolai.com.cn

Luolai Lifestyle Technology Co Ltd operates in the textile industry. The company is engaged in research and development, design, production, and sales of textiles. The products of the company include kit, pillow core, mattress, and summer cool which include mat, mosquito net, and cool blanket.

Executives

Xiao Yuan Li	Executives
Tao Yong Ying	Director
Xue Wei Cheng	Director
Kong Xiao Ying	Executives
Qian Wei	Directors, executives
Leng Zhi Min	Executives
Xue Jia Chen	Directors, executives

Luolai Lifestyle Technology Co Headlines

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