Shenzhen Expressway (SHSE:600548) ROCE % : 10.20% (As of Dec. 2023)

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What is Shenzhen Expressway 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. Shenzhen Expressway's annualized ROCE % for the quarter that ended in Dec. 2023 was 10.20%.

Shenzhen Expressway ROCE % Historical Data

The historical data trend for Shenzhen Expressway'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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Shenzhen Expressway ROCE % Chart

Shenzhen Expressway Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.47

8.51

8.72

7.16

8.80

Shenzhen Expressway 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															2.05	7.66	7.93	9.90	10.20

Shenzhen Expressway ROCE % Calculation

Shenzhen Expressway'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 )
	=	4118.473	/	( ( (69204.698 - 23243.351)	+	(67507.469 - 19826.479) )	/ 2 )
	=	4118.473	/	( (45961.347	+	47680.99)	/ 2 )
	=	4118.473	/	46821.1685
	=	8.80 %

Shenzhen Expressway'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 )
	=	4800.492	/	( ( (67359.515 - 20956.932)	+	(67507.469 - 19826.479) )	/ 2 )
	=	4800.492	/	( ( 46402.583	+	47680.99 )	/ 2 )
	=	4800.492	/	47041.7865
	=	10.20 %

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

Shenzhen Expressway (SHSE:600548) 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.

Shenzhen Expressway ROCE % Related Terms

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Shenzhen Expressway (SHSE:600548) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Shenzhen Expressway Corp Ltd (SHSE:600548) » Definitions » ROCE %

Traded in Other Exchanges

00548:Hong Kong SHZH:Germany

Address

Hanking Center Tower, Yuehai Street, No. 9968, Floor 46, Shennan Avenue, Nanshan District, Shenzhen, CHN, 518026

Website

https://www.sz-expressway.com

Shenzhen Expressway Corp Ltd, formerly Shenzhen Expressway Co Ltd constructs, operates, and maintains toll highways, roads, and urban infrastructure. The group has identified two reporting segments, namely the toll road segment and the environmental protection segment. The toll road segment takes charge of the operation and management of toll roads in Mainland China. The environmental protection segment engages in the operation and management of environmentally related infrastructure, mainly including solid waste treatment, clean energy, and other related fields. The majority of its revenue is derived from the Toll segment.

Shenzhen Expressway (SHSE:600548) Headlines

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