Wuxi Longsheng Technology Co (SZSE:300680) ROCE % : 10.60% (As of Sep. 2024)

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What is Wuxi Longsheng Technology 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. Wuxi Longsheng Technology Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 10.60%.

Wuxi Longsheng Technology Co ROCE % Historical Data

The historical data trend for Wuxi Longsheng Technology 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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Wuxi Longsheng Technology Co ROCE % Chart

Wuxi Longsheng Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.69

8.75

12.05

6.51

9.82

Wuxi Longsheng Technology 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															6.91	12.61	12.86	12.16	10.60

Wuxi Longsheng Technology Co ROCE % Calculation

Wuxi Longsheng Technology 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 )
	=	190.309	/	( ( (2872.324 - 1029.604)	+	(3510.807 - 1477.737) )	/ 2 )
	=	190.309	/	( (1842.72	+	2033.07)	/ 2 )
	=	190.309	/	1937.895
	=	9.82 %

Wuxi Longsheng Technology 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 )
	=	226.464	/	( ( (3596.916 - 1517.484)	+	(3801.877 - 1608.967) )	/ 2 )
	=	226.464	/	( ( 2079.432	+	2192.91 )	/ 2 )
	=	226.464	/	2136.171
	=	10.60 %

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

Wuxi Longsheng Technology Co (SZSE:300680) 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.

Wuxi Longsheng Technology Co ROCE % Related Terms

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Wuxi Longsheng Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Wuxi Longsheng Technology Co Ltd (SZSE:300680) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No.221-3, Chengnan Road, Wuxi New District, Jiangsu Province, Wuxi, CHN, 214028

Website

http://www.china-lsh.com

Wuxi Longsheng Technology Co Ltd develops, produces and sells automotive emission treatment systems. The company is engaged in the research and development, production and sales of engine exhaust gas recirculation (EGR) systems, specializing in the production of advanced engine exhaust gas recirculation EGR systems, including EGR valves, control units (ECUs), Sensors, EGR coolers.

Executives

Tan Yuan Zhi	Directors, executives
Ni Mao Sheng	Director
Zheng Zhao Xing	Supervisors
Wang Jin Shu	Directors, executives

Wuxi Longsheng Technology Co Headlines

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