Luoyang North Glass Technology Co (SZSE:002613) ROCE % : 10.75% (As of Mar. 2024)

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What is Luoyang North Glass 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. Luoyang North Glass Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 10.75%.

Luoyang North Glass Technology Co ROCE % Historical Data

The historical data trend for Luoyang North Glass 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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Luoyang North Glass Technology Co ROCE % Chart

Luoyang North Glass Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.12

1.33

4.09

2.39

5.56

Luoyang North Glass 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															8.55	13.22	3.67	-3.21	10.75

Luoyang North Glass Technology Co ROCE % Calculation

Luoyang North Glass 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 )
	=	98.173	/	( ( (2295.15 - 570.303)	+	(2536.204 - 729.952) )	/ 2 )
	=	98.173	/	( (1724.847	+	1806.252)	/ 2 )
	=	98.173	/	1765.5495
	=	5.56 %

Luoyang North Glass 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 )
	=	196.476	/	( ( (2536.204 - 729.952)	+	(2575.056 - 725.805) )	/ 2 )
	=	196.476	/	( ( 1806.252	+	1849.251 )	/ 2 )
	=	196.476	/	1827.7515
	=	10.75 %

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

Luoyang North Glass Technology Co (SZSE:002613) 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.

Luoyang North Glass Technology Co ROCE % Related Terms

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Luoyang North Glass Technology Co (SZSE:002613) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Luoyang North Glass Technology Co Ltd (SZSE:002613) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

20 Binhe Road, High-tech Development Zone, Henan, Luoyang, CHN, 471003

Website

http://www.northglass.com

Luoyang North Glass Technology Co Ltd is engaged in the research and development, and design of glass deep processing equipment and glass deep processing products. The products of the company include tempering furnace, coating production line, vertical edging machine, film system, glass screen printing line, and automated connection system.

Executives

Gao Xue Ming	Director
Shi Yu An	Supervisors
Yang Yuan Xi	Executives
Gao Qi	Executives
Wang Ji Feng	Supervisors
Gao Xue Lin	Director
Meng Xian Hui	Supervisors
Gao Li	Directors, executives
Han Jun Feng	Supervisors
Xia Bing	Executives
Shi Yan	Supervisors
Lei Min	Executives
Zhao Luo Ru	Executives

Luoyang North Glass Technology Co (SZSE:002613) Headlines

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