Luyuan Group Holding (Cayman) (HKSE:02451) ROCE % : 11.08% (As of Dec. 2023)

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What is Luyuan Group Holding (Cayman) 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. Luyuan Group Holding (Cayman)'s annualized ROCE % for the quarter that ended in Dec. 2023 was 11.08%.

Luyuan Group Holding (Cayman) ROCE % Historical Data

The historical data trend for Luyuan Group Holding (Cayman)'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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Luyuan Group Holding (Cayman) ROCE % Chart

Luyuan Group Holding (Cayman) Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

9.70

12.55

15.77

11.08

Luyuan Group Holding (Cayman) Semi-Annual Data
	Dec20	Dec21	Dec22	Dec23
ROCE %	9.70	12.55	15.77	11.08

Luyuan Group Holding (Cayman) ROCE % Calculation

Luyuan Group Holding (Cayman)'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 )
	=	189.359	/	( ( (3555.62 - 2362.006)	+	(4224.7 - 2000.612) )	/ 2 )
	=	189.359	/	( (1193.614	+	2224.088)	/ 2 )
	=	189.359	/	1708.851
	=	11.08 %

Luyuan Group Holding (Cayman)'s ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Dec. 2022 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Dec. 2022 )		(Q: Dec. 2023 )
	=	189.359	/	( ( (3555.62 - 2362.006)	+	(4224.7 - 2000.612) )	/ 2 )
	=	189.359	/	( ( 1193.614	+	2224.088 )	/ 2 )
	=	189.359	/	1708.851
	=	11.08 %

(1) Note: The EBIT data used here is one times the annual (Dec. 2023) EBIT data.

Luyuan Group Holding (Cayman) (HKSE:02451) 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.

Luyuan Group Holding (Cayman) ROCE % Related Terms

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Luyuan Group Holding (Cayman) (HKSE:02451) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Luyuan Group Holding (Cayman) Ltd (HKSE:02451) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 168 Shicheng Street, Jinhua Industry Zone, Zhejiang, Jinhua, CHN

Website

https://www.luyuan.cn

Luyuan Group Holding (Cayman) Ltd is an electric two-wheeled vehicle provider in mainland China, focusing on the design, research and development, manufacturing and selling of electric two-wheeled vehicles. It has built an offline sales and distribution network and embraced informatization and established online retail channels, continuously improving the penetration and coverage of its products.

Executives

Dingman David Ross	2201 Interest of corporation controlled by you
Shipston Electric Vehicle Limited	2101 Beneficial owner
Shipston Evl Holdings Limited	2201 Interest of corporation controlled by you
Shipston Group Limited	2201 Interest of corporation controlled by you
Stonor Group Limited	2201 Interest of corporation controlled by you
Dingman David Ross	2201 Interest of corporation controlled by you
Hu Jihong	2201 Interest of corporation controlled by you
Ni Jie	2201 Interest of corporation controlled by you
Apex Marine Investments Limited	2101 Beneficial owner
Drago Investments Limited	2101 Beneficial owner

Luyuan Group Holding (Cayman) (HKSE:02451) Headlines

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