Shenzhen International Holdings (HKSE:00152) ROCE % : 12.30% (As of Dec. 2023)

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What is Shenzhen International Holdings 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 International Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 12.30%.

Shenzhen International Holdings ROCE % Historical Data

The historical data trend for Shenzhen International Holdings'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 International Holdings ROCE % Chart

Shenzhen International Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.57

12.15

10.74

4.92

8.37

Shenzhen International Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															15.51	4.63	5.05	5.00	12.30

Shenzhen International Holdings ROCE % Calculation

Shenzhen International Holdings'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 )
	=	7258.739	/	( ( (133494.925 - 48584.419)	+	(130494.541 - 42009.073) )	/ 2 )
	=	7258.739	/	( (84910.506	+	88485.468)	/ 2 )
	=	7258.739	/	86697.987
	=	8.37 %

Shenzhen International Holdings'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	10385.94	/	( ( (127148.517 - 46760.323)	+	(130494.541 - 42009.073) )	/ 2 )
	=	10385.94	/	( ( 80388.194	+	88485.468 )	/ 2 )
	=	10385.94	/	84436.831
	=	12.30 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Shenzhen International Holdings (HKSE:00152) 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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Shenzhen International Holdings (HKSE:00152) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Shenzhen International Holdings Ltd (HKSE:00152) » Definitions » ROCE %

Traded in Other Exchanges

SXYA:Germany

Address

No.1 Science Museum Road, Rooms 2206-2208, 22nd Floor, Greenfield Tower, Concordia Plaza, Tsimshatsui East, Kowloon, Hong Kong, HKG

Website

https://www.szihl.com

Shenzhen International Holdings Ltd is a Chinese investment company which constructs and operates logistic infrastructure facilities. The company operates through two main segments: Toll roads and general-environmental protection business and Logistics business. Toll roads, which contributes the vast majority of revenue, develops, operates, and manages tolls roads. The logistics business constructs, operates, and manages logistics centers and integrated logistics hubs; provides third party logistic services, logistic information services, and financial services to customers; and offers port and related services. The controlling shareholder, Shenzhen Investment Holdings Company Limited, is wholly-owned by the Chinese government.

Shenzhen International Holdings (HKSE:00152) Headlines

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