Zhejiang Lante Optics Co (SHSE:688127) ROCE % : 7.81% (As of Mar. 2024)

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What is Zhejiang Lante Optics 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. Zhejiang Lante Optics Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 7.81%.

Zhejiang Lante Optics Co ROCE % Historical Data

The historical data trend for Zhejiang Lante Optics 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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Zhejiang Lante Optics Co ROCE % Chart

Zhejiang Lante Optics Co Annual Data

Trend

Dec13

Dec14

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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19.00

19.42

10.52

4.43

12.93

Zhejiang Lante Optics 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															1.09	5.09	20.73	24.63	7.81

Zhejiang Lante Optics Co ROCE % Calculation

Zhejiang Lante Optics 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 )
	=	212.3	/	( ( (1926.669 - 362.883)	+	(2288.053 - 569.137) )	/ 2 )
	=	212.3	/	( (1563.786	+	1718.916)	/ 2 )
	=	212.3	/	1641.351
	=	12.93 %

Zhejiang Lante Optics 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 )
	=	136.424	/	( ( (2288.053 - 569.137)	+	(2269.21 - 492.776) )	/ 2 )
	=	136.424	/	( ( 1718.916	+	1776.434 )	/ 2 )
	=	136.424	/	1747.675
	=	7.81 %

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

Zhejiang Lante Optics Co (SHSE:688127) 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.

Zhejiang Lante Optics Co ROCE % Related Terms

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Zhejiang Lante Optics Co (SHSE:688127) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Zhejiang Lante Optics Co Ltd (SHSE:688127) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Honghe Town, Xiuzhou District, Zhejiang Province, Jiaxing, CHN, 314023

Website

https://www.lante.com.cn

Zhejiang Lante Optics Co Ltd is engaged in production and sales of optical components. The company produces prisms, lenses, glass wafers, glass aspheric lenses, coatings and lens assembly, and has been involved in traditional optics, optoelectronic displays, photovoltaics, automobiles, lighting, optical communications, semiconductors, consumer electronics, medical, virtual/augmented reality and other fields. The processing and manufacturing of optical products can be found in the core components of high-tech products such as telescopes, microscopes, mobile phone, AR/VR, digital cameras, security monitors, multimedia projectors, sights, image measuring equipment, and automobile interior and exterior decoration.

Executives

Li Qing Song	Core technical personnel
Xu Ming Yang	Core technical personnel
Yao Liang	Directors, senior managers
Wang Xiao Ming	Director
Hu Jian	Core technical personnel

Zhejiang Lante Optics Co (SHSE:688127) Headlines

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