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Lecron Industrial Development Group Co (SZSE:300343) ROCE % : -2.68% (As of Mar. 2024)


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What is Lecron Industrial Development Group 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. Lecron Industrial Development Group Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -2.68%.


Lecron Industrial Development Group Co ROCE % Historical Data

The historical data trend for Lecron Industrial Development Group 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.

Lecron Industrial Development Group Co ROCE % Chart

Lecron Industrial Development Group Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -74.01 -5.79 26.26 46.51 2.08

Lecron Industrial Development Group 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.33 2.58 2.62 0.78 -2.68

Lecron Industrial Development Group Co ROCE % Calculation

Lecron Industrial Development Group 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 )
=45.997/( ( (3084.66 - 878.851) + (3068.325 - 842.745) )/ 2 )
=45.997/( (2205.809+2225.58)/ 2 )
=45.997/2215.6945
=2.08 %

Lecron Industrial Development Group 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 )
=-57.42/( ( (3068.325 - 842.745) + (2834.101 - 772.414) )/ 2 )
=-57.42/( ( 2225.58 + 2061.687 )/ 2 )
=-57.42/2143.6335
=-2.68 %

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

* 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.


Lecron Industrial Development Group Co  (SZSE:300343) 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.


Lecron Industrial Development Group Co ROCE % Related Terms

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Lecron Industrial Development Group Co (SZSE:300343) Business Description

Traded in Other Exchanges
N/A
Address
No. 219, East Changguo Road, East Chemical Industrial Zone, Zhangdian District, Shandong Province, Zibo, CHN, 255080
Lecron Industrial Development Group Co Ltd formerly known as Lecron Internet Media Industry Co Ltd is engaged in the research and development, production and promotion of green chemicals. The company's product range covers monomer polyether polyol, system polyol for polyurethane foam, polyurethane prepolymer for elastomer, polyurea waterproof and anti-corrosion materials, medical intermediate, polyurethane fireproof insulation panel and others.
Executives
Wang Xian Dong Executives
Li Hui Min Securities Affairs Representative
Shao Xiu Ying Director
Qi Hai Ying Directors, executives
Li Hong Guo Director
Hu An Zhi Secretary, Director
Wang Wei Directors, executives
Wang Jing Directors, executives

Lecron Industrial Development Group Co (SZSE:300343) Headlines

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