SITC International Holdings Co (HKSE:01308) ROCE % : 21.90% (As of Dec. 2023)

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What is SITC International Holdings 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. SITC International Holdings Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 21.90%.

SITC International Holdings Co ROCE % Historical Data

The historical data trend for SITC International Holdings 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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SITC International Holdings Co ROCE % Chart

SITC International Holdings Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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18.58

25.02

66.97

87.90

24.16

SITC International Holdings 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															72.06	103.19	60.42	27.76	21.90

SITC International Holdings Co ROCE % Calculation

SITC International Holdings 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 )
	=	4468.51	/	( ( (24001.267 - 3802.109)	+	(20715.206 - 3928.329) )	/ 2 )
	=	4468.51	/	( (20199.158	+	16786.877)	/ 2 )
	=	4468.51	/	18493.0175
	=	24.16 %

SITC International Holdings 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 )
	=	3739.566	/	( ( (21094.12 - 3732.926)	+	(20715.206 - 3928.329) )	/ 2 )
	=	3739.566	/	( ( 17361.194	+	16786.877 )	/ 2 )
	=	3739.566	/	17074.0355
	=	21.90 %

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

SITC International Holdings Co (HKSE:01308) 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.

SITC International Holdings Co ROCE % Related Terms

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SITC International Holdings Co (HKSE:01308) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » SITC International Holdings Co Ltd (HKSE:01308) » Definitions » ROCE %

Traded in Other Exchanges

SITIY:USA 7S8:Germany

Address

6-8 Harbour Road, 31/F, Shui On Centre, Wanchai, Hong Kong, HKG

Website

https://www.sitc.com

SITC International Holdings Co Ltd is a shipping company operating within Asia under two reportable segments: the container shipping and logistics segment and the dry bulk and others segment. Nearly all of SITC International's revenue comes from the container shipping and logistics segment, which covers the provision of container transportation, freight forwarding, shipping agency, depot, and warehousing. The dry bulk and others segment provides services of dry bulk vessel leasing, land leasing, and other services. Geographically, it derives majority of its revenue from Greater China.

SITC International Holdings Co (HKSE:01308) Headlines

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