Shandong Longquan Pipe Industry Co (SZSE:002671) ROCE % : -4.14% (As of Dec. 2024)

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What is Shandong Longquan Pipe Industry 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. Shandong Longquan Pipe Industry Co's annualized ROCE % for the quarter that ended in Dec. 2024 was -4.14%.

Shandong Longquan Pipe Industry Co ROCE % Historical Data

The historical data trend for Shandong Longquan Pipe Industry 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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Shandong Longquan Pipe Industry Co ROCE % Chart

Shandong Longquan Pipe Industry Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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-3.39

2.19

-32.99

3.52

4.27

Shandong Longquan Pipe Industry Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															8.83	-0.40	6.95	15.56	-4.14

Shandong Longquan Pipe Industry Co ROCE % Calculation

Shandong Longquan Pipe Industry Co's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	76.782	/	( ( (2604.16 - 881.507)	+	(2945.847 - 1069.925) )	/ 2 )
	=	76.782	/	( (1722.653	+	1875.922)	/ 2 )
	=	76.782	/	1799.2875
	=	4.27 %

Shandong Longquan Pipe Industry Co's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	-75.548	/	( ( (2838.842 - 1068.062)	+	(2945.847 - 1069.925) )	/ 2 )
	=	-75.548	/	( ( 1770.78	+	1875.922 )	/ 2 )
	=	-75.548	/	1823.351
	=	-4.14 %

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

Shandong Longquan Pipe Industry Co (SZSE:002671) 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.

Shandong Longquan Pipe Industry Co ROCE % Related Terms

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Shandong Longquan Pipe Industry Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Shandong Longquan Pipe Industry Co Ltd (SZSE:002671) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 36, Jianshan East Road, Boshan District, Shandong Province, Zibo, CHN, 213000

Website

https://www.lq-pipe.cn

Shandong Longquan Pipe Industry Co Ltd is engaged in the Production and sales of prestressed steel cylinder concrete pipes (PCCP), petrochemical, nuclear power, and other metal pipe fittings business.

Executives

Wang Xiao Jun	Directors, executives
Liu Qiang	Director
Ben Liang Liang	Executives
Li Wen Bo	Secretary Dong
Fu Bo	Directors, executives
Lu Chuan Wei	Supervisors
Lv Bing Fang	Director
Zhao Xiao De	Directors, executives
Zhao Li	Director
Yan Lei	Securities Affairs Representative
Li Jiu Cheng	Executives
Lu Qi Dong	Supervisors
Liu Zhang Jie	Director
Zhang Yu	Directors, executives
Xu Yu Qing	Executives

Shandong Longquan Pipe Industry Co Headlines

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