Long Young Electronic (Kunshan) Co (SZSE:301389) ROCE % : 3.80% (As of Mar. 2024)

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What is Long Young Electronic (Kunshan) 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. Long Young Electronic (Kunshan) Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 3.80%.

Long Young Electronic (Kunshan) Co ROCE % Historical Data

The historical data trend for Long Young Electronic (Kunshan) 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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Long Young Electronic (Kunshan) Co ROCE % Chart

Long Young Electronic (Kunshan) Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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41.44

42.92

36.36

13.10

4.99

Long Young Electronic (Kunshan) 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											3.96	6.80	5.69	3.77	3.80

Long Young Electronic (Kunshan) Co ROCE % Calculation

Long Young Electronic (Kunshan) 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 )
	=	114.236	/	( ( (2403.248 - 68.747)	+	(2307.069 - 65.089) )	/ 2 )
	=	114.236	/	( (2334.501	+	2241.98)	/ 2 )
	=	114.236	/	2288.2405
	=	4.99 %

Long Young Electronic (Kunshan) 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 )
	=	83.82	/	( ( (2307.069 - 65.089)	+	(2323.182 - 154.508) )	/ 2 )
	=	83.82	/	( ( 2241.98	+	2168.674 )	/ 2 )
	=	83.82	/	2205.327
	=	3.80 %

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

Long Young Electronic (Kunshan) Co (SZSE:301389) 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.

Long Young Electronic (Kunshan) Co ROCE % Related Terms

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Long Young Electronic (Kunshan) Co (SZSE:301389) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Long Young Electronic (Kunshan) Co Ltd (SZSE:301389) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 99, Shunchang Road, Zhoushi Town, Jiangsu Province, Kunshan, CHN, 215313

Website

https://www.longyoung.com

Long Young Electronic (Kunshan) Co Ltd is engaged in the research and development, production and sales of electromagnetic shielding materials.

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