Guangxi LiuYao Group Co (SHSE:603368) ROCE % : 19.94% (As of Mar. 2024)

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What is Guangxi LiuYao Group 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. Guangxi LiuYao Group Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 19.94%.

Guangxi LiuYao Group Co ROCE % Historical Data

The historical data trend for Guangxi LiuYao Group 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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Guangxi LiuYao Group Co ROCE % Chart

Guangxi LiuYao Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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21.14

15.95

11.22

12.35

13.26

Guangxi LiuYao Group Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															17.62	10.66	21.36	3.77	19.94

Guangxi LiuYao Group Co ROCE % Calculation

Guangxi LiuYao Group 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 )
	=	1082.753	/	( ( (18606.992 - 10827.718)	+	(20159.454 - 11613.761) )	/ 2 )
	=	1082.753	/	( (7779.274	+	8545.693)	/ 2 )
	=	1082.753	/	8162.4835
	=	13.26 %

Guangxi LiuYao Group 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 )
	=	1742.78	/	( ( (20159.454 - 11613.761)	+	(20645.754 - 11710.896) )	/ 2 )
	=	1742.78	/	( ( 8545.693	+	8934.858 )	/ 2 )
	=	1742.78	/	8740.2755
	=	19.94 %

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

Guangxi LiuYao Group Co (SHSE:603368) 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.

Guangxi LiuYao Group Co ROCE % Related Terms

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Guangxi LiuYao Group Co (SHSE:603368) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » Guangxi LiuYao Group Co Ltd (SHSE:603368) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 68 Guantang Avenue, Guangxi Zhuang Autonomous Region, Liuzhou, CHN, 545000

Website

http://www.lzyy.cn

Guangxi LiuYao Group Co Ltd is a regional pharmaceutical distribution enterprise focusing on hospital sales and developing both retail pharmacies and third terminals.

Executives

Tang Xian Rong	Director
Chen Hong	Directors, senior managers
Tang Chun Xue	Directors, senior managers
Zhang Hua	Director
Ceng Xiang Xing	senior management
Zhu Xian Hua	senior management
Su Chun Yan	senior management
Chen Xiao Yuan	Supervisors
Zhu Chao Yang	Directors, senior managers
Tang Jie Yu	senior management
Qiu Zhi Meng	senior management
Shen Wen Jie	senior management
Xiao Jun Xiong	Director
Ceng Song Lin	Director

Guangxi LiuYao Group Co (SHSE:603368) Headlines

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