Lisheng Sports (Shanghai) Co (SZSE:002858) ROCE % : 15.67% (As of Mar. 2024)

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What is Lisheng Sports (Shanghai) 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. Lisheng Sports (Shanghai) Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 15.67%.

Lisheng Sports (Shanghai) Co ROCE % Historical Data

The historical data trend for Lisheng Sports (Shanghai) 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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Lisheng Sports (Shanghai) Co ROCE % Chart

Lisheng Sports (Shanghai) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.57

-7.72

3.79

-7.22

-21.14

Lisheng Sports (Shanghai) 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															13.32	3.20	-3.94	-91.67	15.67

Lisheng Sports (Shanghai) Co ROCE % Calculation

Lisheng Sports (Shanghai) 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 )
	=	-157.73	/	( ( (1030.254 - 239.407)	+	(1027.381 - 325.766) )	/ 2 )
	=	-157.73	/	( (790.847	+	701.615)	/ 2 )
	=	-157.73	/	746.231
	=	-21.14 %

Lisheng Sports (Shanghai) 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 )
	=	110.076	/	( ( (1027.381 - 325.766)	+	(1069.006 - 365.714) )	/ 2 )
	=	110.076	/	( ( 701.615	+	703.292 )	/ 2 )
	=	110.076	/	702.4535
	=	15.67 %

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

Lisheng Sports (Shanghai) Co (SZSE:002858) 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.

Lisheng Sports (Shanghai) Co ROCE % Related Terms

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Lisheng Sports (Shanghai) Co (SZSE:002858) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Lisheng Sports (Shanghai) Co Ltd (SZSE:002858) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3000 Shenzhuan Road, Sheshan Town, Songjiang District, Shanghai, CHN, 200335

Website

http://www.lsracing.cn

Lisheng Sports (Shanghai) Co Ltd operates as car sports and racing culture media company. Its business activities include planning, organizing, and operation of events; operation of various types of motorsports venues; racing team; racing training center; and provides customers with marketing strategies and solutions.

Executives

Lin Chao Yang	Director
Xia Qing	Director
Cao Chuan De	Director
Chen Ping	Executives
Gong Lei	Director

Lisheng Sports (Shanghai) Co (SZSE:002858) Headlines

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