Lu Hai Holding (TPE:2115) ROCE % : 8.73% (As of Sep. 2024)

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What is Lu Hai Holding 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. Lu Hai Holding's annualized ROCE % for the quarter that ended in Sep. 2024 was 8.73%.

Lu Hai Holding ROCE % Historical Data

The historical data trend for Lu Hai Holding'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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Lu Hai Holding ROCE % Chart

Lu Hai Holding Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.77

25.37

14.08

9.13

9.42

Lu Hai Holding 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															5.47	8.25	7.81	12.41	8.73

Lu Hai Holding ROCE % Calculation

Lu Hai Holding'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 )
	=	368.178	/	( ( (4865.994 - 858.446)	+	(4730.916 - 925.644) )	/ 2 )
	=	368.178	/	( (4007.548	+	3805.272)	/ 2 )
	=	368.178	/	3906.41
	=	9.42 %

Lu Hai Holding'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 )
	=	352.348	/	( ( (4938.496 - 963.723)	+	(4829.216 - 733.496) )	/ 2 )
	=	352.348	/	( ( 3974.773	+	4095.72 )	/ 2 )
	=	352.348	/	4035.2465
	=	8.73 %

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

Lu Hai Holding (TPE:2115) 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.

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Lu Hai Holding Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Lu Hai Holding Corp (TPE:2115) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 64, Shing-Kong 5th Road, Tien-Chung Industrial District, Tien-Chung, Chang-Hua, TWN

Website

https://www.luhai.com.tw

Lu Hai Holding Corp operates in the auto parts industry. The company is engaged in the production, processing, and sale of tire valves and accessories The company serves the tire, automobile, truck and agriculture vehicles industry. Geographically, the company derives maximum revenue from China.

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