Qingdao Victall Railway Co (SHSE:605001) ROCE % : -0.34% (As of Mar. 2024)

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What is Qingdao Victall Railway 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. Qingdao Victall Railway Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -0.34%.

Qingdao Victall Railway Co ROCE % Historical Data

The historical data trend for Qingdao Victall Railway 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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Qingdao Victall Railway Co ROCE % Chart

Qingdao Victall Railway Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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20.09

8.05

-6.97

-3.75

10.02

Qingdao Victall Railway 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															-5.51	3.85	-2.56	43.90	-0.34

Qingdao Victall Railway Co ROCE % Calculation

Qingdao Victall Railway 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 )
	=	300.254	/	( ( (4451.204 - 1623.956)	+	(4857.692 - 1690.375) )	/ 2 )
	=	300.254	/	( (2827.248	+	3167.317)	/ 2 )
	=	300.254	/	2997.2825
	=	10.02 %

Qingdao Victall Railway 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 )
	=	-10.876	/	( ( (4857.692 - 1690.375)	+	(4547.761 - 1403.87) )	/ 2 )
	=	-10.876	/	( ( 3167.317	+	3143.891 )	/ 2 )
	=	-10.876	/	3155.604
	=	-0.34 %

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

Qingdao Victall Railway Co (SHSE:605001) 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.

Qingdao Victall Railway Co ROCE % Related Terms

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Qingdao Victall Railway Co (SHSE:605001) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Qingdao Victall Railway Co Ltd (SHSE:605001) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3, Xinghai Branch Road, Chengyang District, Shandong Province, Qingdao, CHN, 266108

Website

http://www.victall.com

Qingdao Victall Railway Co Ltd is engaged in the research, development, production, sales and service of supporting products for rail transit vehicles. The main products include interior products, toilet systems, metal structural parts, modular products, and exterior structural parts.

Executives

Li Shi Kun

Director

Qingdao Victall Railway Co (SHSE:605001) Headlines

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