Jiangsu Liba Enterprise JSC (SHSE:603519) ROCE % : 7.87% (As of Mar. 2024)

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What is Jiangsu Liba Enterprise JSC 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. Jiangsu Liba Enterprise JSC's annualized ROCE % for the quarter that ended in Mar. 2024 was 7.87%.

Jiangsu Liba Enterprise JSC ROCE % Historical Data

The historical data trend for Jiangsu Liba Enterprise JSC'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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Jiangsu Liba Enterprise JSC ROCE % Chart

Jiangsu Liba Enterprise JSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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21.14

14.71

16.10

9.40

52.66

Jiangsu Liba Enterprise JSC 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															7.68	6.62	6.72	181.20	7.87

Jiangsu Liba Enterprise JSC ROCE % Calculation

Jiangsu Liba Enterprise JSC'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 )
	=	744.242	/	( ( (1842.555 - 477.6)	+	(1947.867 - 486.477) )	/ 2 )
	=	744.242	/	( (1364.955	+	1461.39)	/ 2 )
	=	744.242	/	1413.1725
	=	52.66 %

Jiangsu Liba Enterprise JSC'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 )
	=	115.452	/	( ( (1947.867 - 486.477)	+	(2109.944 - 636.821) )	/ 2 )
	=	115.452	/	( ( 1461.39	+	1473.123 )	/ 2 )
	=	115.452	/	1467.2565
	=	7.87 %

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

Jiangsu Liba Enterprise JSC (SHSE:603519) 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.

Jiangsu Liba Enterprise JSC ROCE % Related Terms

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Jiangsu Liba Enterprise JSC (SHSE:603519) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Jiangsu Liba Enterprise JSC Ltd (SHSE:603519) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 88, Caixi Road, Environmental Protection Technology Industrial Park, Jiangsu Province, Yixing, CHN, 214205

Website

http://www.jsliba.com

Jiangsu Liba Enterprise JSC Ltd is engaged in the research and development, production and sales of composite materials for home appliance appearance. Its products are mainly laminated film (VCM) series products and coated board (PCM) series products, widely used in refrigerators, washing machines, water heaters, microwave ovens, air conditioners, high-end building door panels and other fields.

Executives

Jiang Da Wei	Directors, senior managers
Lu Feng Xian	Director
Chu Yi Ping	senior management
Wang Shi Qin	Director

Jiangsu Liba Enterprise JSC (SHSE:603519) Headlines

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