Leyard Optoelectronic Co (SZSE:300296) ROCE % : 3.52% (As of Sep. 2024)

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What is Leyard 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. Leyard Optoelectronic Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 3.52%.

Leyard Optoelectronic Co ROCE % Historical Data

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

Leyard Optoelectronic Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.94

-8.89

9.36

4.98

4.33

Leyard 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															6.61	-6.96	5.22	2.23	3.52

Leyard Optoelectronic Co ROCE % Calculation

Leyard 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 )
	=	410.881	/	( ( (14893.933 - 5613.191)	+	(15036.909 - 5354.758) )	/ 2 )
	=	410.881	/	( (9280.742	+	9682.151)	/ 2 )
	=	410.881	/	9481.4465
	=	4.33 %

Leyard 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 )
	=	345.796	/	( ( (14328.037 - 4495.159)	+	(14444.447 - 4635.656) )	/ 2 )
	=	345.796	/	( ( 9832.878	+	9808.791 )	/ 2 )
	=	345.796	/	9820.8345
	=	3.52 %

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

Leyard Optoelectronic Co (SZSE:300296) 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.

Leyard Optoelectronic Co ROCE % Related Terms

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Leyard Optoelectronic Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Leyard Optoelectronic Co Ltd (SZSE:300296) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Number 9 Zhenghongqi West Street, North of Summer Palace, Haidian District, Beijing, CHN, 100091

Website

http://www.leyard.com

Leyard Optoelectronic Co Ltd is a manufacturer of LED video displays, information displays and LED lighting solutions. The product portfolio of the company includes LED video walls, LCD video walls, large format LCD displays, 4K LCD displays, rear projection video walls, touch displays, processing and players, rental and staging solutions, accessories and others.

Executives

Li Jun	Directors, executives
Tan Lian Qi	Directors, executives
Yuan Bo	Directors, executives
Liu Hai Yi	Executives
Zhu Xiao Li	Director
Zhang Xiao Li	Securities Affairs Representative
Liao Ning Fang	Independent director
Bai Jian Jun	Supervisors

Leyard Optoelectronic Co Headlines

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