Ledman Optoelectronic Co (SZSE:300162) ROCE % : -23.16% (As of Sep. 2024)

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What is Ledman Optoelectronic 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. Ledman Optoelectronic Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -23.16%.

Ledman Optoelectronic Co ROCE % Historical Data

The historical data trend for Ledman Optoelectronic 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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Ledman Optoelectronic Co ROCE % Chart

Ledman Optoelectronic Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.69

-39.23

8.22

5.62

-6.71

Ledman Optoelectronic Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-2.16	-24.31	2.07	2.97	-23.16

Ledman Optoelectronic Co ROCE % Calculation

Ledman Optoelectronic 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 )
	=	-62.843	/	( ( (1423.305 - 667.265)	+	(1838.109 - 720.833) )	/ 2 )
	=	-62.843	/	( (756.04	+	1117.276)	/ 2 )
	=	-62.843	/	936.658
	=	-6.71 %

Ledman Optoelectronic Co's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	-241.692	/	( ( (1789.868 - 724.664)	+	(1745.93 - 723.886) )	/ 2 )
	=	-241.692	/	( ( 1065.204	+	1022.044 )	/ 2 )
	=	-241.692	/	1043.624
	=	-23.16 %

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

Ledman Optoelectronic Co (SZSE:300162) 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.

Ledman Optoelectronic Co ROCE % Related Terms

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Ledman Optoelectronic Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Ledman Optoelectronic Co Ltd (SZSE:300162) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Building 8, Block 2, Songbai Road, Xili Area, Baimang Baiwangxin Industrial Park, Nanshan District, Shenzhen, CHN, 518055

Website

http://en.ledman.cn

Ledman Optoelectronic Co Ltd is engaged in the LED middle and lower end business. The activities of the company include LED packaging, LED displays, LED lighting, LED media, and LED energy savings. The products of the company include patch white light SMD, fixed and outdoor displays, and COB small pitch display panel.

Executives

Wang Li Shan	Director
Li Man Tie	Directors, executives
Wang Shou Li	Independent director
Luo Bing	Directors, Directors, and Executives
Li Yue Zong	Director
Wang Shao Fang	Directors, executives

Ledman Optoelectronic Co Headlines

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