Luxshare Precision Industry Co (SZSE:002475) ROCE % : 13.72% (As of Mar. 2024)

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What is Luxshare Precision Industry 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. Luxshare Precision Industry Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 13.72%.

Luxshare Precision Industry Co ROCE % Historical Data

The historical data trend for Luxshare Precision Industry 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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Luxshare Precision Industry Co ROCE % Chart

Luxshare Precision Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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27.41

27.93

19.07

18.84

17.73

Luxshare Precision Industry 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															12.82	15.27	19.87	20.27	13.72

Luxshare Precision Industry Co ROCE % Calculation

Luxshare Precision Industry 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 )
	=	14261.913	/	( ( (148384.319 - 74631.212)	+	(161992.1 - 74835.112) )	/ 2 )
	=	14261.913	/	( (73753.107	+	87156.988)	/ 2 )
	=	14261.913	/	80455.0475
	=	17.73 %

Luxshare Precision Industry 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 )
	=	12623.98	/	( ( (161992.1 - 74835.112)	+	(170459.185 - 73603.721) )	/ 2 )
	=	12623.98	/	( ( 87156.988	+	96855.464 )	/ 2 )
	=	12623.98	/	92006.226
	=	13.72 %

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

Luxshare Precision Industry Co (SZSE:002475) 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.

Luxshare Precision Industry Co ROCE % Related Terms

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Luxshare Precision Industry Co (SZSE:002475) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Luxshare Precision Industry Co Ltd (SZSE:002475) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.17 Kuiqing Road, Qinghuang Industrial Zone, Qingxi Town, Guangdong, Dongguan, CHN, 523650

Website

http://www.luxshare-ict.com

Founded in 2004, Luxshare Precision is one of the world's largest manufacturers of cables and connectors and is a major supplier to Apple, which accounts for over 70% of sales. The company has since expanded production into other faster-growing consumer electronic components, such as speakers, haptic, cameras, PC docks, and wireless charging modules, as well as electronic manufacturing services for Apple's Watch and AirPods. Of Luxshare's 2022 sales, 84% is derived from the consumer electronics end market, while the remaining 16% is spread across the computer, communication and automobile verticals. Luxshare employs over 230,000 people and has manufacturing bases in China, India, and Vietnam.

Luxshare Precision Industry Co (SZSE:002475) Headlines

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