Longxing Chemical Stock Co (SZSE:002442) ROCE % : 8.84% (As of Sep. 2024)

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What is Longxing Chemical Stock 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. Longxing Chemical Stock Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 8.84%.

Longxing Chemical Stock Co ROCE % Historical Data

The historical data trend for Longxing Chemical Stock 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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Longxing Chemical Stock Co ROCE % Chart

Longxing Chemical Stock Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.01

10.24

15.45

8.87

9.16

Longxing Chemical Stock 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															13.01	6.27	7.70	5.86	8.84

Longxing Chemical Stock Co ROCE % Calculation

Longxing Chemical Stock 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 )
	=	178.665	/	( ( (3379.986 - 1608.061)	+	(3803.799 - 1673.233) )	/ 2 )
	=	178.665	/	( (1771.925	+	2130.566)	/ 2 )
	=	178.665	/	1951.2455
	=	9.16 %

Longxing Chemical Stock 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 )
	=	268.436	/	( ( (4287.439 - 1282.922)	+	(4335.4 - 1263.93) )	/ 2 )
	=	268.436	/	( ( 3004.517	+	3071.47 )	/ 2 )
	=	268.436	/	3037.9935
	=	8.84 %

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

Longxing Chemical Stock Co (SZSE:002442) 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.

Longxing Chemical Stock Co ROCE % Related Terms

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Longxing Chemical Stock Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Longxing Chemical Stock Co Ltd (SZSE:002442) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.1, Longxing Street, East Ring Road, Shahe City, Hebei Province, CHN, 054100

Website

http://www.hb-lx.com.cn

Longxing Chemical Stock Co Ltd is engaged in producing carbon black chemical in China. Its core production includes carbon black, silica, polyvinylidene fluoride (PVDF), electricity, subsidiary products from coal tar deep processing, plastic woven products, and iron ore. The company's' product can also be widely used in auto parts including sealing strips of doors and windows, oil tubes, dampers and brake pads.

Executives

Meng Kui	Executives
Ma Bao Liang	Directors, executives
Huo Li Jun	Supervisors
He Jian Wei	Executives
Liu Jiang Shan	Director
Li Xue Bo	Executives
Xu Gang	Executives
Li Ying	Executives
Liu Cheng You	Executives
Bian Tong Le	Executives
Jiang Hao	Directors, Directors, and Executives
Guan Liang	Executives
Yu Ju Mei	Director

Longxing Chemical Stock Co Headlines

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