Ningbo Lehui International Engineering Equipment Co (SHSE:603076) ROCE % : 3.32% (As of Mar. 2024)

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What is Ningbo Lehui International Engineering Equipment 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. Ningbo Lehui International Engineering Equipment Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 3.32%.

Ningbo Lehui International Engineering Equipment Co ROCE % Historical Data

The historical data trend for Ningbo Lehui International Engineering Equipment 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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Ningbo Lehui International Engineering Equipment Co ROCE % Chart

Ningbo Lehui International Engineering Equipment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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0.69

15.89

4.21

2.13

3.13

Ningbo Lehui International Engineering Equipment 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															3.46	10.38	2.02	-3.34	3.32

Ningbo Lehui International Engineering Equipment Co ROCE % Calculation

Ningbo Lehui International Engineering Equipment 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 )
	=	46.81	/	( ( (3360.384 - 1855.005)	+	(3567.255 - 2080.334) )	/ 2 )
	=	46.81	/	( (1505.379	+	1486.921)	/ 2 )
	=	46.81	/	1496.15
	=	3.13 %

Ningbo Lehui International Engineering Equipment 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 )
	=	49.948	/	( ( (3567.255 - 2080.334)	+	(3616.025 - 2097.462) )	/ 2 )
	=	49.948	/	( ( 1486.921	+	1518.563 )	/ 2 )
	=	49.948	/	1502.742
	=	3.32 %

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

Ningbo Lehui International Engineering Equipment Co (SHSE:603076) 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.

Ningbo Lehui International Engineering Equipment Co ROCE % Related Terms

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Ningbo Lehui International Engineering Equipment Co (SHSE:603076) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ningbo Lehui International Engineering Equipment Co Ltd (SHSE:603076) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Western Zhouxiang Electrical and Mechanical Industrial Park, Xiangxi County, Zhejiang Province, Ningbo, CHN, 315722

Website

http://www.lehui.com

Ningbo Lehui International Engineering Equipment Co Ltd operates as a brewery equipment manufacturing company. Its products consist of scale brewery equipment such as brew-house, cellar and filtration, craft brewery equipment, beverage and liquid food technology, bio, and food equipment, retort and automation technology comprising of renovating and reconstructing and process control system and others. The company's products have applications in beer, beverages, food, biology, medicine and other departments. It distributes its products within domestic as well as in international market.

Executives

Huang Yue Ning	Directors, senior managers
Liu Fei	Director
Lai Yun Lai	Director
Chen Xiao Ping	Director
Wan Cai Fei	senior management
Shen Lin	Director
Dong Xiang Yang	senior management
Wu Zai Hong	senior management
Yu Hua He	senior management
Song Xi Hui	Director

Ningbo Lehui International Engineering Equipment Co (SHSE:603076) Headlines

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