Lung Hwa Electronics Co (TPE:2424) ROCE % : -49.83% (As of Sep. 2024)

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What is Lung Hwa Electronics 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. Lung Hwa Electronics Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -49.83%.

Lung Hwa Electronics Co ROCE % Historical Data

The historical data trend for Lung Hwa Electronics 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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Lung Hwa Electronics Co ROCE % Chart

Lung Hwa Electronics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-25.03

-41.62

-67.84

-48.85

-46.11

Lung Hwa Electronics 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															-59.09	-37.67	-57.21	-55.66	-49.83

Lung Hwa Electronics Co ROCE % Calculation

Lung Hwa Electronics 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 )
	=	-185.693	/	( ( (552.544 - 182.399)	+	(665.438 - 230.094) )	/ 2 )
	=	-185.693	/	( (370.145	+	435.344)	/ 2 )
	=	-185.693	/	402.7445
	=	-46.11 %

Lung Hwa Electronics 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 )
	=	-194.632	/	( ( (615.914 - 209.912)	+	(602.025 - 226.874) )	/ 2 )
	=	-194.632	/	( ( 406.002	+	375.151 )	/ 2 )
	=	-194.632	/	390.5765
	=	-49.83 %

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

Lung Hwa Electronics Co (TPE:2424) 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.

Lung Hwa Electronics Co ROCE % Related Terms

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Lung Hwa Electronics Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Lung Hwa Electronics Co Ltd (TPE:2424) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

15th Floor, No. 32, Section 3, Bade Road, Songshan District, Taipei, TWN, 10559

Website

https://www.lhsat.com

Lung Hwa Electronics Co Ltd The main business items of the company are smart homes, vehicle multimedia management systems, fleet movement control, and management systems, etc. R&D, manufacturing and sales, industrial plant development, leasing and sales, maritime broadband data services.

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