Anhui Landun Photoelectron Co (SZSE:300862) ROCE % : 2.04% (As of Mar. 2024)

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What is Anhui Landun Photoelectron 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. Anhui Landun Photoelectron Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 2.04%.

Anhui Landun Photoelectron Co ROCE % Historical Data

The historical data trend for Anhui Landun Photoelectron 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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Anhui Landun Photoelectron Co ROCE % Chart

Anhui Landun Photoelectron Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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33.07

12.13

9.65

3.90

2.48

Anhui Landun Photoelectron 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															2.03	0.50	1.77	5.59	2.04

Anhui Landun Photoelectron Co ROCE % Calculation

Anhui Landun Photoelectron 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 )
	=	53.087	/	( ( (2711.589 - 575.877)	+	(2545.251 - 394.395) )	/ 2 )
	=	53.087	/	( (2135.712	+	2150.856)	/ 2 )
	=	53.087	/	2143.284
	=	2.48 %

Anhui Landun Photoelectron 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 )
	=	43.86	/	( ( (2545.251 - 394.395)	+	(2586.866 - 430.973) )	/ 2 )
	=	43.86	/	( ( 2150.856	+	2155.893 )	/ 2 )
	=	43.86	/	2153.3745
	=	2.04 %

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

Anhui Landun Photoelectron Co (SZSE:300862) 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.

Anhui Landun Photoelectron Co ROCE % Related Terms

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Anhui Landun Photoelectron Co (SZSE:300862) Business Description

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Address

Shicheng Road, Electronic Industrial Zone, Anhui Province, Tongling, CHN, 244000

Website

http://www.ldchina.cn

Anhui Landun Photoelectron Co Ltd is engaged in manufacturing of high-end analytical measuring instruments, software development, system integration and engineering, operation and maintenance services, data services and production of military radar components. Its products portfolio includes Smart transportation; Smart environmental protection; Smart weather; Food and drug testing; and Military radar.

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