LBX Pharmacy Chain JSC (SHSE:603883) ROCE % : 19.04% (As of Mar. 2024)

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What is LBX Pharmacy Chain 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. LBX Pharmacy Chain JSC's annualized ROCE % for the quarter that ended in Mar. 2024 was 19.04%.

LBX Pharmacy Chain JSC ROCE % Historical Data

The historical data trend for LBX Pharmacy Chain 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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LBX Pharmacy Chain JSC ROCE % Chart

LBX Pharmacy Chain JSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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20.41

16.87

14.60

15.24

15.45

LBX Pharmacy Chain 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															17.14	15.03	10.96	17.01	19.04

LBX Pharmacy Chain JSC ROCE % Calculation

LBX Pharmacy Chain 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 )
	=	1593.438	/	( ( (21397.333 - 10846.5)	+	(21231 - 11155.093) )	/ 2 )
	=	1593.438	/	( (10550.833	+	10075.907)	/ 2 )
	=	1593.438	/	10313.37
	=	15.45 %

LBX Pharmacy Chain 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 )
	=	2010.84	/	( ( (21231 - 11155.093)	+	(21371.555 - 10325.787) )	/ 2 )
	=	2010.84	/	( ( 10075.907	+	11045.768 )	/ 2 )
	=	2010.84	/	10560.8375
	=	19.04 %

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

LBX Pharmacy Chain JSC (SHSE:603883) 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.

LBX Pharmacy Chain JSC ROCE % Related Terms

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LBX Pharmacy Chain JSC (SHSE:603883) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » LBX Pharmacy Chain JSC (SHSE:603883) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 288, Xiangya Road, Kaifu District, Hunan, Changsha, CHN, 410005

Website

http://www.lbxdrugs.com

LBX Pharmacy Chain JSC is a China-based company engages in the sale of medicine and health products. The company is engaged in retailing drugs and other related products, including Chinese and Western medicine, prepared slices of Chinese crude drugs, health equipment, healthy food, and personal care products and life care products. The company is also involved in the wholesale and manufacture of drugs.

LBX Pharmacy Chain JSC (SHSE:603883) Headlines

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