COSCO SHIPPING Holdings Co (HKSE:01919) ROCE % : 11.88% (As of Mar. 2024)

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What is COSCO SHIPPING 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. COSCO SHIPPING Holdings Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 11.88%.

COSCO SHIPPING Holdings Co ROCE % Historical Data

The historical data trend for COSCO SHIPPING 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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COSCO SHIPPING Holdings Co ROCE % Chart

COSCO SHIPPING Holdings Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.70

9.54

54.32

50.72

10.55

COSCO SHIPPING Holdings Co 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															12.22	15.56	9.75	4.08	11.88

COSCO SHIPPING Holdings Co ROCE % Calculation

COSCO SHIPPING 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 )
	=	40108.234	/	( ( (571679.852 - 178075.804)	+	(505795.493 - 139267.342) )	/ 2 )
	=	40108.234	/	( (393604.048	+	366528.151)	/ 2 )
	=	40108.234	/	380066.0995
	=	10.55 %

COSCO SHIPPING Holdings Co'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 )
	=	43350.016	/	( ( (505795.493 - 139267.342)	+	(499075.641 - 135786.15) )	/ 2 )
	=	43350.016	/	( ( 366528.151	+	363289.491 )	/ 2 )
	=	43350.016	/	364908.821
	=	11.88 %

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

COSCO SHIPPING Holdings Co (HKSE:01919) 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 Holdings Co ROCE % Related Terms

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COSCO SHIPPING Holdings Co (HKSE:01919) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » COSCO SHIPPING Holdings Co Ltd (HKSE:01919) » Definitions » ROCE %

Traded in Other Exchanges

CICOF:USA CICOY:USA C6G0:Germany C6G:Germany C6G:Germany C6G:Germany 601919:China

Address

No. 658 Dong Da Ming Road, 8th Floor, Shanghai, CHN, 200080

Website

https://hold.coscoshipping.com

COSCO SHIPPING Holdings Co Ltd is an investment holding company. The company's operating segment includes the Container shipping business, Terminal business, and Corporate and other operations. It generates maximum revenue from the Container shipping business segment. Its geographical segments includes America, Europe, Asia Pacific, Mainland China, Other international market.

COSCO SHIPPING Holdings Co (HKSE:01919) Headlines

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