Hainan Airport Infrastructure Co (SHSE:600515) ROCE % : 5.40% (As of Dec. 2023)

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What is Hainan Airport Infrastructure 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. Hainan Airport Infrastructure Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 5.40%.

Hainan Airport Infrastructure Co ROCE % Historical Data

The historical data trend for Hainan Airport Infrastructure 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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Hainan Airport Infrastructure Co ROCE % Chart

Hainan Airport Infrastructure Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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1.29

-24.00

4.03

6.16

4.54

Hainan Airport Infrastructure Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															3.45	4.21	5.28	3.33	5.40

Hainan Airport Infrastructure Co ROCE % Calculation

Hainan Airport Infrastructure 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 )
	=	2077.999	/	( ( (56215.345 - 11042.863)	+	(55794.608 - 9524.184) )	/ 2 )
	=	2077.999	/	( (45172.482	+	46270.424)	/ 2 )
	=	2077.999	/	45721.453
	=	4.54 %

Hainan Airport Infrastructure Co's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	2484.916	/	( ( (55893.962 - 10135.964)	+	(55794.608 - 9524.184) )	/ 2 )
	=	2484.916	/	( ( 45757.998	+	46270.424 )	/ 2 )
	=	2484.916	/	46014.211
	=	5.40 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Hainan Airport Infrastructure Co (SHSE:600515) 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.

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Hainan Airport Infrastructure Co (SHSE:600515) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Hainan Airport Infrastructure Co Ltd (SHSE:600515) » Definitions » ROCE %

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Address

Number 5 Guoxing Road, 46th Floor, Haihang Industrial Center, Hainan Province, Haikou, CHN

Website

http://www.hnainfrastructure.com

Hainan Airport Infrastructure Co Ltd, formerly HNA Infrastructure Investment Group Co Ltd engages in the development and management of municipal infrastructure, real estate, and urban complex projects. It is also involved in the investment, construction, operation and management of airport; construction of marine projects; and construction and operation of shops at CBD city complexes, airports, ports, and docks.

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