Longyan Kaolin Clay Co (SHSE:605086) ROCE % : 8.62% (As of Mar. 2024)

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What is Longyan Kaolin Clay 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. Longyan Kaolin Clay Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 8.62%.

Longyan Kaolin Clay Co ROCE % Historical Data

The historical data trend for Longyan Kaolin Clay 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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Longyan Kaolin Clay Co ROCE % Chart

Longyan Kaolin Clay Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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23.13

18.60

13.49

9.67

10.46

Longyan Kaolin Clay Co Quarterly Data
	Dec18	Jun19	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															7.83	15.04	10.70	8.55	8.62

Longyan Kaolin Clay Co ROCE % Calculation

Longyan Kaolin Clay 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 )
	=	120.13	/	( ( (1193.295 - 81.983)	+	(1282.888 - 96.621) )	/ 2 )
	=	120.13	/	( (1111.312	+	1186.267)	/ 2 )
	=	120.13	/	1148.7895
	=	10.46 %

Longyan Kaolin Clay 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 )
	=	103.352	/	( ( (1282.888 - 96.621)	+	(1297.498 - 86.765) )	/ 2 )
	=	103.352	/	( ( 1186.267	+	1210.733 )	/ 2 )
	=	103.352	/	1198.5
	=	8.62 %

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

Longyan Kaolin Clay Co (SHSE:605086) 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.

Longyan Kaolin Clay Co ROCE % Related Terms

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Longyan Kaolin Clay Co (SHSE:605086) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Longyan Kaolin Clay Co Ltd (SHSE:605086) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No.260 Longyan Avenue, Xibei Street, Floor 10-12, State-owned Building, Xinluo District, Fujian Province, Longyan, CHN, 364000

Website

http://www.longgaogf.com

Longyan Kaolin Clay Co Ltd is engaged in the selection, processing and sales of kaolin. The company's main products are kaolin ore, 325 mesh kaolin concentrate, super Longyan kaolin, and modified kaolin. The products have the characteristics of low iron, titanium and other harmful impurities, high firing whiteness, and good ceramic performance. It is widely used in daily ceramics, arts and crafts ceramics and high-end architectural ceramics.

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