Shanghai Foreign Service Holding Group Co (SHSE:600662) ROCE % : 24.91% (As of Mar. 2024)

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What is Shanghai Foreign Service Holding 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. Shanghai Foreign Service Holding Group Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 24.91%.

Shanghai Foreign Service Holding Group Co ROCE % Historical Data

The historical data trend for Shanghai Foreign Service Holding 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.

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Shanghai Foreign Service Holding Group Co ROCE % Chart

Shanghai Foreign Service Holding Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.01

23.95

23.54

19.51

20.56

Shanghai Foreign Service Holding 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															24.51	22.80	19.54	15.80	24.91

Shanghai Foreign Service Holding Group Co ROCE % Calculation

Shanghai Foreign Service Holding 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 )
	=	935.617	/	( ( (14696.372 - 10364.782)	+	(15902.244 - 11132.111) )	/ 2 )
	=	935.617	/	( (4331.59	+	4770.133)	/ 2 )
	=	935.617	/	4550.8615
	=	20.56 %

Shanghai Foreign Service Holding 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 )
	=	1218	/	( ( (15902.244 - 11132.111)	+	(15627.429 - 10618.203) )	/ 2 )
	=	1218	/	( ( 4770.133	+	5009.226 )	/ 2 )
	=	1218	/	4889.6795
	=	24.91 %

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

Shanghai Foreign Service Holding Group Co (SHSE:600662) 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.

Shanghai Foreign Service Holding Group Co ROCE % Related Terms

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Shanghai Foreign Service Holding Group Co (SHSE:600662) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Shanghai Foreign Service Holding Group Co Ltd (SHSE:600662) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 920 Nanjing West Road, Nantai Building, Shanghai, CHN, 200041

Website

http://www.62580000.com.cn

Shanghai Qiangsheng Holding Co Ltd is principally engaged in providing taxi services. It is also involved in the rental of cars, automobile service, tourism and housing industry. Geographically the activities are carried out through Shanghai.

Executives

Hu Song En	Supervisors
Zhang Min Kang	Supervisors
Zhang Tong En	Director
Zhao Zu Yan	senior management
Xu Yuan	Director
Sun Ji Yuan	Director
Zhang Guo Quan	Director

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