Liaoning Chengda Co (SHSE:600739) ROCE % : 3.66% (As of Sep. 2023)

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What is Liaoning Chengda 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. Liaoning Chengda Co's annualized ROCE % for the quarter that ended in Sep. 2023 was 3.66%.

Liaoning Chengda Co ROCE % Historical Data

The historical data trend for Liaoning Chengda 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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Liaoning Chengda Co ROCE % Chart

Liaoning Chengda Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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6.40

7.61

11.25

10.29

6.64

Liaoning Chengda Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															5.84	0.59	5.36	3.67	3.66

Liaoning Chengda Co ROCE % Calculation

Liaoning Chengda Co's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	2372.085	/	( ( (48017.839 - 13626.713)	+	(48148.446 - 11080.119) )	/ 2 )
	=	2372.085	/	( (34391.126	+	37068.327)	/ 2 )
	=	2372.085	/	35729.7265
	=	6.64 %

Liaoning Chengda Co's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	1304.64	/	( ( (48218.766 - 12542.937)	+	(46749.782 - 11164.381) )	/ 2 )
	=	1304.64	/	( ( 35675.829	+	35585.401 )	/ 2 )
	=	1304.64	/	35630.615
	=	3.66 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

Liaoning Chengda Co (SHSE:600739) 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.

Liaoning Chengda Co ROCE % Related Terms

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Liaoning Chengda Co (SHSE:600739) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » Liaoning Chengda Co Ltd (SHSE:600739) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

No. 71 Renmin Road, Zhongshan District, Dalian, Liaoning, CHN, 116001

Website

http://www.chengda.com.cn

Liaoning Chengda Co Ltd is engaged in the business of pharmaceutical and medical, domestic and foreign trade, financial investment, and energy development. The trading division is engaged in the trading of textiles and clothing, steel, wood, and aquatic products. The company is also involved in securities, insurance, and fund business through its financial investment division.

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