Liaoning Chunguang Pharmaceutical Equipment (BJSE:838810) ROCE % : -3.66% (As of Mar. 2024)

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What is Liaoning Chunguang Pharmaceutical Equipment 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. Liaoning Chunguang Pharmaceutical Equipment's annualized ROCE % for the quarter that ended in Mar. 2024 was -3.66%.

Liaoning Chunguang Pharmaceutical Equipment ROCE % Historical Data

The historical data trend for Liaoning Chunguang Pharmaceutical Equipment'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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Liaoning Chunguang Pharmaceutical Equipment ROCE % Chart

Liaoning Chunguang Pharmaceutical Equipment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.03

7.62

40.19

22.38

5.12

Liaoning Chunguang Pharmaceutical Equipment Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															10.85	14.46	-0.24	-4.42	-3.66

Liaoning Chunguang Pharmaceutical Equipment ROCE % Calculation

Liaoning Chunguang Pharmaceutical Equipment'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 )
	=	18.304	/	( ( (433.993 - 86.939)	+	(458.091 - 89.797) )	/ 2 )
	=	18.304	/	( (347.054	+	368.294)	/ 2 )
	=	18.304	/	357.674
	=	5.12 %

Liaoning Chunguang Pharmaceutical Equipment's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-13.416	/	( ( (458.091 - 89.797)	+	(474.853 - 110.138) )	/ 2 )
	=	-13.416	/	( ( 368.294	+	364.715 )	/ 2 )
	=	-13.416	/	366.5045
	=	-3.66 %

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

Liaoning Chunguang Pharmaceutical Equipment (BJSE:838810) 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.

Liaoning Chunguang Pharmaceutical Equipment ROCE % Related Terms

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Liaoning Chunguang Pharmaceutical Equipment (BJSE:838810) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Liaoning Chunguang Pharmaceutical Equipment Corp Ltd (BJSE:838810) » Definitions » ROCE %

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Address

Qilihe Industrial Park, Liaoning Province, Jinzhou, CHN, 121000

Website

http://www.lncgjx.com

Liaoning Chunguang Pharmaceutical Equipment Corp Ltd engages in research, development, production, and sales of food and pharmaceutical packaging equipment. It is a high-end packaging equipment manufacturer specializing in pharmaceuticals, food, and daily chemicals.

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