Luster LightTech Co (SHSE:688400) ROCE % : -0.89% (As of Mar. 2024)

View and export this data going back to 2022. Start your Free Trial

What is Luster LightTech 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. Luster LightTech Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -0.89%.

Luster LightTech Co ROCE % Historical Data

The historical data trend for Luster LightTech 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.

Luster LightTech Co ROCE % Chart

Luster LightTech Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

9.86

12.46

10.94

4.78

2.89

Luster LightTech Co Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial											-0.33	6.65	3.71	1.60	-0.89

Luster LightTech Co ROCE % Calculation

Luster LightTech 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 )
	=	120.651	/	( ( (5014.163 - 909.166)	+	(5085.195 - 847.342) )	/ 2 )
	=	120.651	/	( (4104.997	+	4237.853)	/ 2 )
	=	120.651	/	4171.425
	=	2.89 %

Luster LightTech 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 )
	=	-37.604	/	( ( (5085.195 - 847.342)	+	(4928.523 - 721.573) )	/ 2 )
	=	-37.604	/	( ( 4237.853	+	4206.95 )	/ 2 )
	=	-37.604	/	4222.4015
	=	-0.89 %

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

Luster LightTech Co (SHSE:688400) 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.

Luster LightTech Co ROCE % Related Terms

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

Luster LightTech Co (SHSE:688400) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Luster LightTech Co Ltd (SHSE:688400) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Cuihu South Ring Road, Room 701, 7th Floor, Building 7, Yard 13, Haidian District, Beijing, CHN, 100094

Website

https://www.lusterinc.com

Luster LightTech Co Ltd is based on optical technology innovation, develops business around machine vision and fiber optics, and is committed to becoming a global leader in the field of visual artificial intelligence and optoelectronic information.

Executives

Yin Yong Qiang	senior management
Wang Wen Tao	Directors, senior managers

Luster LightTech Co (SHSE:688400) Headlines

No Headlines