Shenzhen Lihexing Co (SZSE:301013) ROCE % : 0.12% (As of Sep. 2024)

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What is Shenzhen Lihexing 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. Shenzhen Lihexing Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 0.12%.

Shenzhen Lihexing Co ROCE % Historical Data

The historical data trend for Shenzhen Lihexing 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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Shenzhen Lihexing Co ROCE % Chart

Shenzhen Lihexing Co Annual Data

Trend

Dec13

Dec14

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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24.67

15.29

5.38

-4.74

-4.73

Shenzhen Lihexing 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															4.89	-18.86	3.16	3.22	0.12

Shenzhen Lihexing Co ROCE % Calculation

Shenzhen Lihexing 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 )
	=	-49.728	/	( ( (1379.889 - 311.353)	+	(1497.85 - 463.172) )	/ 2 )
	=	-49.728	/	( (1068.536	+	1034.678)	/ 2 )
	=	-49.728	/	1051.607
	=	-4.73 %

Shenzhen Lihexing 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 )
	=	1.276	/	( ( (1486.836 - 442.045)	+	(1516.775 - 448.06) )	/ 2 )
	=	1.276	/	( ( 1044.791	+	1068.715 )	/ 2 )
	=	1.276	/	1056.753
	=	0.12 %

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

Shenzhen Lihexing Co (SZSE:301013) 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.

Shenzhen Lihexing Co ROCE % Related Terms

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Shenzhen Lihexing Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shenzhen Lihexing Co Ltd (SZSE:301013) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Longhua Office, Longhua Street, Floor 1-4, Building 1, Shenjing Industrial Zone, Qinghu Village, Longhua District, Guangdong Province, Shenzhen, CHN, 518109

Website

http://www.lihexing.com

Shenzhen Lihexing Co Ltd is engaged in the development, production and sales of automation and intelligent equipment's. Its products are mainly used in the detection and manufacturing of mobile smart terminals and network infrastructure devices. The company's customers include Huawei , Foxconn, VDI Technologies, TCL, Fuji Xerox, Canon and other companies.

Executives

Cheng Jin Hong	Directors, executives
He Mei Hua	Executives
Zou Gao	Executives
Wu Yong Chao	Supervisors
Hou Wei Feng	Supervisors
Fang Na	Supervisors
Pan Hong Quan	Directors, executives

Shenzhen Lihexing Co Headlines

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