COSCO SHIPPING International (Hong Kong) Co (HKSE:00517) ROCE % : 6.84% (As of Dec. 2023)

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What is COSCO SHIPPING International (Hong Kong) 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. COSCO SHIPPING International (Hong Kong) Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 6.84%.

COSCO SHIPPING International (Hong Kong) Co ROCE % Historical Data

The historical data trend for COSCO SHIPPING International (Hong Kong) 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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COSCO SHIPPING International (Hong Kong) Co ROCE % Chart

COSCO SHIPPING International (Hong Kong) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.70

4.85

4.06

5.11

8.06

COSCO SHIPPING International (Hong Kong) Co 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															3.37	4.72	5.48	9.22	6.84

COSCO SHIPPING International (Hong Kong) Co ROCE % Calculation

COSCO SHIPPING International (Hong Kong) 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 )
	=	663.236	/	( ( (9234.493 - 1038.608)	+	(9205.229 - 938.598) )	/ 2 )
	=	663.236	/	( (8195.885	+	8266.631)	/ 2 )
	=	663.236	/	8231.258
	=	8.06 %

COSCO SHIPPING International (Hong Kong) 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: 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 )
	=	566.24	/	( ( (9158.429 - 865.464)	+	(9205.229 - 938.598) )	/ 2 )
	=	566.24	/	( ( 8292.965	+	8266.631 )	/ 2 )
	=	566.24	/	8279.798
	=	6.84 %

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

COSCO SHIPPING International (Hong Kong) Co (HKSE:00517) 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.

COSCO SHIPPING International (Hong Kong) Co ROCE % Related Terms

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COSCO SHIPPING International (Hong Kong) Co (HKSE:00517) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » COSCO SHIPPING International (Hong Kong) Co Ltd (HKSE:00517) » Definitions » ROCE %

Traded in Other Exchanges

CHDGF:USA CSB:Germany

Address

183 Queen's Road Central, 47th Floor, COSCO Tower, Hong Kong, HKG

Website

https://hk.coscoshipping.com

COSCO SHIPPING International (Hong Kong) Co Ltd is a Hong Kong-based company engaged in services relating to shipbuilding, ship trading, and chartering for the fleet. It carries its operations in six segments including Coatings, Marine equipment and spare parts, Ship trading agency, Insurance brokerage, Marine fuel and other products, and General trading. The majority of its revenue comes from the sale of Marine equipment and spare parts. The company has a business network in Mainland China, Hong Kong, Singapore, Japan, Germany, and the USA, among other countries.

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