Hefei Lifeon Pharmaceutical Co (SZSE:003020) ROCE % : 5.97% (As of Mar. 2024)

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What is Hefei Lifeon Pharmaceutical 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. Hefei Lifeon Pharmaceutical Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.97%.

Hefei Lifeon Pharmaceutical Co ROCE % Historical Data

The historical data trend for Hefei Lifeon Pharmaceutical 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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Hefei Lifeon Pharmaceutical Co ROCE % Chart

Hefei Lifeon Pharmaceutical Co Annual Data

Trend

Dec13

Dec14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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21.78

17.26

15.33

16.92

15.04

Hefei Lifeon Pharmaceutical 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															20.37	17.69	10.36	14.46	5.97

Hefei Lifeon Pharmaceutical Co ROCE % Calculation

Hefei Lifeon Pharmaceutical 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 )
	=	258.698	/	( ( (2121.397 - 622.628)	+	(2483.68 - 542.729) )	/ 2 )
	=	258.698	/	( (1498.769	+	1940.951)	/ 2 )
	=	258.698	/	1719.86
	=	15.04 %

Hefei Lifeon Pharmaceutical 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 )
	=	116.956	/	( ( (2483.68 - 542.729)	+	(2494.373 - 520.365) )	/ 2 )
	=	116.956	/	( ( 1940.951	+	1974.008 )	/ 2 )
	=	116.956	/	1957.4795
	=	5.97 %

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

Hefei Lifeon Pharmaceutical Co (SZSE:003020) 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.

Hefei Lifeon Pharmaceutical Co ROCE % Related Terms

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Hefei Lifeon Pharmaceutical Co (SZSE:003020) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Hefei Lifeon Pharmaceutical Co Ltd (SZSE:003020) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.669, Changjiang West Road, Lifang Factory, Anhui Province, Hefei, CHN, 230088

Website

http://www.lifeon.cn

Hefei Lifeon Pharmaceutial Co Ltd is engaged in the research and development, production and sales of pharmaceutical preparations and raw materials, and the wholesale and retail of pharmaceuticals and medical devices. The main industrial products involve cardiovascular drugs, digestive system drugs, external skin drugs, endocrine system drugs and other fields.

Executives

Wang Qin	Supervisors
Wang Qing	Directors, executives
Xu Xue Yu	Executives

Hefei Lifeon Pharmaceutical Co (SZSE:003020) Headlines

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