Lao Feng Xiang Co (SHSE:600612) ROCE % : 40.89% (As of Mar. 2024)

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What is Lao Feng Xiang 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. Lao Feng Xiang Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 40.89%.

Lao Feng Xiang Co ROCE % Historical Data

The historical data trend for Lao Feng Xiang 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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Lao Feng Xiang Co ROCE % Chart

Lao Feng Xiang Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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31.19

30.95

31.06

27.11

31.65

Lao Feng Xiang 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															40.20	32.18	38.95	14.47	40.89

Lao Feng Xiang Co ROCE % Calculation

Lao Feng Xiang 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 )
	=	4239.602	/	( ( (26004.84 - 13463.02)	+	(24333.848 - 10082.569) )	/ 2 )
	=	4239.602	/	( (12541.82	+	14251.279)	/ 2 )
	=	4239.602	/	13396.5495
	=	31.65 %

Lao Feng Xiang 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 )
	=	5934.296	/	( ( (24333.848 - 10082.569)	+	(32678.279 - 17901.234) )	/ 2 )
	=	5934.296	/	( ( 14251.279	+	14777.045 )	/ 2 )
	=	5934.296	/	14514.162
	=	40.89 %

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

Lao Feng Xiang Co (SHSE:600612) 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.

Lao Feng Xiang Co ROCE % Related Terms

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Lao Feng Xiang Co (SHSE:600612) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Lao Feng Xiang Co Ltd (SHSE:600612) » Definitions » ROCE %

Traded in Other Exchanges

900905:China

Address

No. 270, Luxi Road, 6th Floor, Building 1, Xuhui District, Shanghai, CHN, 200235

Website

http://www.laofengxiang.com

Lao Feng Xiang Co Ltd is engaged in the manufacture and sale of gold jewelry. It is also engaged in the manufacture and distribution of gold arts and crafts, and other related products.

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