Luoniushan Co (SZSE:000735) ROCE % : 6.94% (As of Mar. 2024)

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What is Luoniushan 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. Luoniushan Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 6.94%.

Luoniushan Co ROCE % Historical Data

The historical data trend for Luoniushan 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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Luoniushan Co ROCE % Chart

Luoniushan Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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1.22

2.43

-5.93

2.93

-5.10

Luoniushan 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															5.12	-5.44	-2.19	-18.17	6.94

Luoniushan Co ROCE % Calculation

Luoniushan 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 )
	=	-395.274	/	( ( (12671.29 - 4728.544)	+	(12178.032 - 4629.08) )	/ 2 )
	=	-395.274	/	( (7942.746	+	7548.952)	/ 2 )
	=	-395.274	/	7745.849
	=	-5.10 %

Luoniushan 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 )
	=	496.904	/	( ( (12178.032 - 4629.08)	+	(10721.167 - 3956.127) )	/ 2 )
	=	496.904	/	( ( 7548.952	+	6765.04 )	/ 2 )
	=	496.904	/	7156.996
	=	6.94 %

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

Luoniushan Co (SZSE:000735) 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.

Luoniushan Co ROCE % Related Terms

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Luoniushan Co (SZSE:000735) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Luoniushan Co Ltd (SZSE:000735) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 5 Guoxing Avenue, 12th Floor, Nongxin Building, Hainan Building, Meilan District, Hainan Province, Haikou, CHN

Website

http://www.luoniushan.com

Luoniushan Co Ltd is engaged in animal husbandry in China. The Company is mainly engaged in the pig farming, live pig slaughter and cold chain services of agricultural products. Further, it is also involved in various other activities such as real estate development, education, and financial investment.

Executives

Tang Shan Rong	Executives
Li Tian Qing	Supervisors
Xu Zi Li	Director
Chen Ri Jin	Independent director
Li Wan You	Executives
Xu Jun Feng	Director
Kong Jin Long	Executives
Song Lan	Executives
Wang Guo Qiang	Supervisors
Zhong Jin Xiong	Executives
Yao De Biao	Executives

Luoniushan Co (SZSE:000735) Headlines

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