CRRC (HKSE:01766) ROCE % : 2.92% (As of Mar. 2024)

View and export this data going back to 2008. Start your Free Trial

What is CRRC 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. CRRC's annualized ROCE % for the quarter that ended in Mar. 2024 was 2.92%.

CRRC ROCE % Historical Data

The historical data trend for CRRC'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.

* Premium members only.

CRRC ROCE % Chart

CRRC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

9.31

8.72

6.89

7.24

7.46

CRRC Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															2.02	8.56	5.28	14.32	2.92

CRRC ROCE % Calculation

CRRC'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 )
	=	17987.799	/	( ( (493744.408 - 253945.116)	+	(516035.838 - 273890.443) )	/ 2 )
	=	17987.799	/	( (239799.292	+	242145.395)	/ 2 )
	=	17987.799	/	240972.3435
	=	7.46 %

CRRC's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	7072.208	/	( ( (516035.838 - 273890.443)	+	(512228.954 - 269898.6) )	/ 2 )
	=	7072.208	/	( ( 242145.395	+	242330.354 )	/ 2 )
	=	7072.208	/	242237.8745
	=	2.92 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

CRRC (HKSE:01766) 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.

CRRC ROCE % Related Terms

Thank you for viewing the detailed overview of CRRC's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

CRRC (HKSE:01766) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » CRRC Corp Ltd (HKSE:01766) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

CRCCY:USA C2L:Germany 601766:China

Address

No. 16-5, Central West Fourth Ring Road, Haidian District, Beijing, CHN, 100036

Website

https://www.crrcgc.cc

CRRC Corp Ltd manufactures products which are used for transportation through railroads. Its product portfolio includes rolling stock, rail transit vehicles, engineering machinery, electrical equipment and related parts, and environmental protection products. The company also engages in allied activities like refurbishment, leasing, technical support to clients, investment, and management, as well as import and export business. Its business operations are spread across Mainland China which derives the highest revenue, and a few other countries.

CRRC (HKSE:01766) Headlines

No Headlines