LB Group Co (SZSE:002601) ROCE % : 13.70% (As of Mar. 2024)

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What is LB Group 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. LB Group Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 13.70%.

LB Group Co ROCE % Historical Data

The historical data trend for LB Group 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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LB Group Co ROCE % Chart

LB Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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20.59

16.32

25.56

15.40

12.74

LB Group 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															10.31	10.11	12.50	14.39	13.70

LB Group Co ROCE % Calculation

LB Group 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 )
	=	4473.298	/	( ( (59188.957 - 26177.995)	+	(63817.241 - 26613.92) )	/ 2 )
	=	4473.298	/	( (33010.962	+	37203.321)	/ 2 )
	=	4473.298	/	35107.1415
	=	12.74 %

LB Group 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 )
	=	5226.884	/	( ( (63817.241 - 26613.92)	+	(66484.788 - 27377.701) )	/ 2 )
	=	5226.884	/	( ( 37203.321	+	39107.087 )	/ 2 )
	=	5226.884	/	38155.204
	=	13.70 %

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

LB Group Co (SZSE:002601) 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.

LB Group Co ROCE % Related Terms

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LB Group Co (SZSE:002601) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » LB Group Co Ltd (SZSE:002601) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Fengfeng Office, Zhongzhan District, Henan Province, Jiaozuo, CHN, 454191

Website

http://www.lomonbillions.com

LB Group Co Ltd is a inorganic chemical enterprise concentrated on the development and manufacture of titanium and zirconium fine powder material. The company markets in the western industrial areas of China.

Executives

Yang Min Le	Director
Chang Yi Li	Director
Zhang Hai Tao	Directors, executives
Xu Gang	Director
Chen Jian Li	Executives
Zhang Gang	Supervisors
Shen Qing Fei	Directors, executives
He Ben Liu	Directors, executives
Wu Peng Sen	Executives
Tan Rui Qing	Director
Zhang Qi Bin	Director
Fan Xian Guo	Directors, executives
Zhao Yong Jun	Supervisors
Feng Jun	Supervisors
Jin San Liang	Executives

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