Beijing-Shanghai High Speed Railway Co (SHSE:601816) ROCE % : 8.13% (As of Sep. 2023)

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What is Beijing-Shanghai High Speed 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. Beijing-Shanghai High Speed Railway Co's annualized ROCE % for the quarter that ended in Sep. 2023 was 8.13%.

Beijing-Shanghai High Speed Railway Co ROCE % Historical Data

The historical data trend for Beijing-Shanghai High Speed 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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Beijing-Shanghai High Speed Railway Co ROCE % Chart

Beijing-Shanghai High Speed Railway Co Annual Data

Trend

Dec08

Dec09

Dec10

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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8.79

6.64

2.50

3.40

0.72

Beijing-Shanghai High Speed Railway Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															3.24	-0.39	5.18	6.39	8.13

Beijing-Shanghai High Speed Railway Co ROCE % Calculation

Beijing-Shanghai High Speed Railway Co's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	2049.344	/	( ( (295252.255 - 8972.665)	+	(288545.047 - 9303.228) )	/ 2 )
	=	2049.344	/	( (286279.59	+	279241.819)	/ 2 )
	=	2049.344	/	282760.7045
	=	0.72 %

Beijing-Shanghai High Speed Railway Co's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	22630.412	/	( ( (294945.897 - 12608.269)	+	(292434.95 - 18149.87) )	/ 2 )
	=	22630.412	/	( ( 282337.628	+	274285.08 )	/ 2 )
	=	22630.412	/	278311.354
	=	8.13 %

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

Beijing-Shanghai High Speed Railway Co (SHSE:601816) 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.

Beijing-Shanghai High Speed Railway Co ROCE % Related Terms

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Beijing-Shanghai High Speed Railway Co (SHSE:601816) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Beijing-Shanghai High Speed Railway Co Ltd (SHSE:601816) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

No. 5 Beihuo Road, No. 1 Office Building, 3rd and 4th Floor, Haidian District, Beijing, CHN, 100038

Website

http://www.cr-jh.cn

Beijing-Shanghai High Speed Railway Co Ltd is a provider of rail passenger transportation. The company's rail service connects two economic zones, Beijing-Tianjin-Hebei and Yangtze River Delta.

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