Shandong Linglong Tyre Co (SHSE:601966) ROCE % : 8.86% (As of Mar. 2024)

View and export this data going back to 2016. Start your Free Trial

What is Shandong Linglong Tyre 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. Shandong Linglong Tyre Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 8.86%.

Shandong Linglong Tyre Co ROCE % Historical Data

The historical data trend for Shandong Linglong Tyre 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.

* Premium members only.

Shandong Linglong Tyre Co ROCE % Chart

Shandong Linglong Tyre Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

13.11

15.17

4.92

1.60

7.69

Shandong Linglong Tyre 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															4.65	7.79	8.61	9.51	8.86

Shandong Linglong Tyre Co ROCE % Calculation

Shandong Linglong Tyre 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 )
	=	1801.443	/	( ( (37382.207 - 14955.631)	+	(43330.344 - 18910.296) )	/ 2 )
	=	1801.443	/	( (22426.576	+	24420.048)	/ 2 )
	=	1801.443	/	23423.312
	=	7.69 %

Shandong Linglong Tyre 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 )
	=	2241.696	/	( ( (43330.344 - 18910.296)	+	(44261.481 - 18100.086) )	/ 2 )
	=	2241.696	/	( ( 24420.048	+	26161.395 )	/ 2 )
	=	2241.696	/	25290.7215
	=	8.86 %

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

Shandong Linglong Tyre Co (SHSE:601966) 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.

Shandong Linglong Tyre Co ROCE % Related Terms

Thank you for viewing the detailed overview of Shandong Linglong Tyre Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Shandong Linglong Tyre Co (SHSE:601966) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Shandong Linglong Tyre Co Ltd (SHSE:601966) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 777, Jinlong Road, Shandong, Zhaoyuan, CHN, 265406

Website

http://www.linglong.cn

Shandong Linglong Tyre Co Ltd is a China-based tire manufacturing company engaged in the business of manufacturing and selling tires. Its product portfolio comprises of passenger car radial tires, light truck radial tires, truck and bus radial tires, specialty tires, winter tires, SUV tires and others. It offers tire products under the brands Linglong, LEAO, Infinity, Shanling, and Atlas.

Shandong Linglong Tyre Co (SHSE:601966) Headlines

No Headlines