Longduoduo Co (Longduoduo Co) ROCE % : 1,732.53% (As of Mar. 2024)

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What is Longduoduo 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. Longduoduo Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 1,732.53%.

Longduoduo Co ROCE % Historical Data

The historical data trend for Longduoduo 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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Longduoduo Co ROCE % Chart

Longduoduo Co Annual Data

Trend

Jun21

Jun22

Jun23

ROCE %

Longduoduo Co Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial							-	-	-	-	1,732.53

Longduoduo Co ROCE % Calculation

Longduoduo Co's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	0.029	/	( ( (0.611 - 1.63)	+	(1.483 - 2.047) )	/ 2 )
	=	0.029	/	( (-1.019	+	-0.564)	/ 2 )
	=	0.029	/	-0.7915
	=	-3.66 %

Longduoduo Co'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 )
	=	2.876	/	( ( (3.085 - 3.173)	+	(2.542 - 2.122) )	/ 2 )
	=	2.876	/	( ( -0.088	+	0.42 )	/ 2 )
	=	2.876	/	0.166
	=	1,732.53 %

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

Longduoduo Co (OTCPK:LDDD) 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.

Longduoduo Co ROCE % Related Terms

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Longduoduo Co (Longduoduo Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Longduoduo Co Ltd (OTCPK:LDDD) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ordos Street, 419, Floor 4, Comprehensive Building, Second Light Hospital, Yuquan District, Inner Mongolia, Hohhot, CHN, 010000

Website

http://www.longduoduo.net

Longduoduo Co Ltd through its operating subsidiaries engaged in the business of providing preventive healthcare solutions. It provides a wide range of comprehensive preventive healthcare services including disease screening, healthcare treatments, healthcare products, and other services. The company mainly focuses on the prevention of myocardial infarction, cerebral infarction, hemiplegia, and cardiovascular and cerebrovascular diseases. The company's revenues are generated from its customers in the People's Republic of China.

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