Guangdong Lvtong New Energy Electric Vehicle Technology Co (SZSE:301322) ROCE % : 6.17% (As of Mar. 2024)

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What is Guangdong Lvtong New Energy Electric Vehicle Technology 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. Guangdong Lvtong New Energy Electric Vehicle Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 6.17%.

Guangdong Lvtong New Energy Electric Vehicle Technology Co ROCE % Historical Data

The historical data trend for Guangdong Lvtong New Energy Electric Vehicle Technology 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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Guangdong Lvtong New Energy Electric Vehicle Technology Co ROCE % Chart

Guangdong Lvtong New Energy Electric Vehicle Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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29.68

24.10

42.67

66.22

16.91

Guangdong Lvtong New Energy Electric Vehicle Technology Co Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial												15.94	12.94	11.00	8.65	6.17

Guangdong Lvtong New Energy Electric Vehicle Technology Co ROCE % Calculation

Guangdong Lvtong New Energy Electric Vehicle Technology 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 )
	=	304.587	/	( ( (879.041 - 180.724)	+	(3068.857 - 164.112) )	/ 2 )
	=	304.587	/	( (698.317	+	2904.745)	/ 2 )
	=	304.587	/	1801.531
	=	16.91 %

Guangdong Lvtong New Energy Electric Vehicle Technology 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 )
	=	180.28	/	( ( (3068.857 - 164.112)	+	(3066.599 - 127.372) )	/ 2 )
	=	180.28	/	( ( 2904.745	+	2939.227 )	/ 2 )
	=	180.28	/	2921.986
	=	6.17 %

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

Guangdong Lvtong New Energy Electric Vehicle Technology Co (SZSE:301322) 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.

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Guangdong Lvtong New Energy Electric Vehicle Technology Co (SZSE:301322) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Guangdong Lvtong New Energy Electric Vehicle Technology Co Ltd (SZSE:301322) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Hexi Industrial Zone, Hongmei Town, Guangdong Province, Dongguan, CHN, 523161

Website

http://www.lvtong.com.cn

Guangdong Lvtong New Energy Electric Vehicle Technology Co Ltd is engaged in the research and development, production and sales of field electric vehicles. The company has a series of products such as electric patrol cars, electric fire trucks, electric classic cars, electric antique cars, sightseeing cars, golf sightseeing cars, electric trucks, electric special vehicles which are widely used in domestic scenic spots, golf courses, factories, Real estate, hotels, police patrols, cargo transportation and other places.

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