Shandong Hi-Speed Holdings Group (HKSE:00412) ROCE % : 6.07% (As of Dec. 2023)

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What is Shandong Hi-Speed Holdings Group 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. Shandong Hi-Speed Holdings Group's annualized ROCE % for the quarter that ended in Dec. 2023 was 6.07%.

Shandong Hi-Speed Holdings Group ROCE % Historical Data

The historical data trend for Shandong Hi-Speed Holdings Group'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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Shandong Hi-Speed Holdings Group ROCE % Chart

Shandong Hi-Speed Holdings Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-12.17

1.40

1.82

5.17

5.23

Shandong Hi-Speed Holdings Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-1.57	3.90	3.98	4.75	6.07

Shandong Hi-Speed Holdings Group ROCE % Calculation

Shandong Hi-Speed Holdings Group'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 )
	=	2676.561	/	( ( (68957.609 - 18301.999)	+	(72737.804 - 21098.322) )	/ 2 )
	=	2676.561	/	( (50655.61	+	51639.482)	/ 2 )
	=	2676.561	/	51147.546
	=	5.23 %

Shandong Hi-Speed Holdings Group'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 )
	=	3017.656	/	( ( (66820.836 - 19099.957)	+	(72737.804 - 21098.322) )	/ 2 )
	=	3017.656	/	( ( 47720.879	+	51639.482 )	/ 2 )
	=	3017.656	/	49680.1805
	=	6.07 %

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

Shandong Hi-Speed Holdings Group (HKSE:00412) 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.

Shandong Hi-Speed Holdings Group ROCE % Related Terms

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Shandong Hi-Speed Holdings Group (HKSE:00412) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Shandong Hi-Speed Holdings Group Ltd (HKSE:00412) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

HRI:Germany

Address

No. 50 Connaught Road Central, 17th Floor, Agricultural Bank of China Tower, Hong Kong, HKG

Website

https://www.csfg.com.hk

Shandong Hi-Speed Holdings Group Ltd is an investment holding company & its segments include Industrial investment segment in operations of industrial investment-related business; Standard investment segment in trading of listed securities & listed bonds for interest income & capital appreciation; Non-standard investment segment in direct investment business, investments in debts instruments, unlisted bonds & investment funds; Licensed financial services segment in provision of money lending services, securities brokerage services, asset management services & asset trading platform; & Financial technology segment in online investment & technology-enabled lending services & online new media services. The majority is from the Industrial Investment segment & key revenue is from PRC.

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