Longzhou Group Co (SZSE:002682) ROCE % : 4.91% (As of Mar. 2024)

View and export this data going back to 2012. Start your Free Trial

What is Longzhou 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. Longzhou Group Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.91%.

Longzhou Group Co ROCE % Historical Data

The historical data trend for Longzhou 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.

* Premium members only.

Longzhou Group Co ROCE % Chart

Longzhou Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

8.01

-17.29

4.79

1.73

-7.29

Longzhou 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															-0.59	-1.33	0.79	-27.69	4.91

Longzhou Group Co ROCE % Calculation

Longzhou 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 )
	=	-262.125	/	( ( (7391.17 - 3648.889)	+	(6710.941 - 3260.766) )	/ 2 )
	=	-262.125	/	( (3742.281	+	3450.175)	/ 2 )
	=	-262.125	/	3596.228
	=	-7.29 %

Longzhou 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 )
	=	172.056	/	( ( (6710.941 - 3260.766)	+	(6582.084 - 3023.824) )	/ 2 )
	=	172.056	/	( ( 3450.175	+	3558.26 )	/ 2 )
	=	172.056	/	3504.2175
	=	4.91 %

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

Longzhou Group Co (SZSE:002682) 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.

Longzhou Group Co ROCE % Related Terms

Thank you for viewing the detailed overview of Longzhou Group Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Longzhou Group Co (SZSE:002682) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Longzhou Group Co Ltd (SZSE:002682) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 112, South Huanxi Road, Xinluo District, Fujian Province, Longyan, CHN, 364000

Website

http://www.lzgf.cn

Longzhou Group Co Ltd operates in the road transportation industry. Its primary business activities involve passenger station operation, modern logistics, port logistics, automobile sales and maintenance, and oil and gas sales. Its oil and gas business covers wholesale and retail of refined oil, natural gas processing, and production. In addition, the company is engaged in the front-end and back-end businesses of automobiles and parts sales and maintenance, special vehicle modification, vehicle testing and other vehicles.

Executives

Wang Yue Rong	Director
Wei Fu Yuan	Executives
Yuan He Zhi	Directors, executives
Wu Zhen Long	Director
Zhang Wei Min	Executives
Su Long Zhou	Supervisors

Longzhou Group Co (SZSE:002682) Headlines

No Headlines