Sichuan Road & Bridge Co (SHSE:600039) ROCE % : 9.66% (As of Mar. 2024)

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What is Sichuan Road & Bridge 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. Sichuan Road & Bridge Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 9.66%.

Sichuan Road & Bridge Co ROCE % Historical Data

The historical data trend for Sichuan Road & Bridge 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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Sichuan Road & Bridge Co ROCE % Chart

Sichuan Road & Bridge Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.36

10.37

15.03

18.26

12.73

Sichuan Road & Bridge 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															15.36	15.96	11.99	7.92	9.66

Sichuan Road & Bridge Co ROCE % Calculation

Sichuan Road & Bridge 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 )
	=	13774.507	/	( ( (208327.636 - 108480.52)	+	(240914.763 - 124302.986) )	/ 2 )
	=	13774.507	/	( (99847.116	+	116611.777)	/ 2 )
	=	13774.507	/	108229.4465
	=	12.73 %

Sichuan Road & Bridge 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 )
	=	11609.008	/	( ( (240914.763 - 124302.986)	+	(237190.005 - 113550.037) )	/ 2 )
	=	11609.008	/	( ( 116611.777	+	123639.968 )	/ 2 )
	=	11609.008	/	120125.8725
	=	9.66 %

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

Sichuan Road & Bridge Co (SHSE:600039) 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.

Sichuan Road & Bridge Co ROCE % Related Terms

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Sichuan Road & Bridge Co (SHSE:600039) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Sichuan Road & Bridge Co Ltd (SHSE:600039) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

No. 11 Gao Peng Avenue, No. F-59, Science & Technology Industrial Park, High-Tech Zone, Sichuan Province, Chengdu, CHN, 610041

Website

http://www.scrbc.com.cn

Sichuan Road & Bridge Co Ltd is a China-based company engaged in the investigation, design, construction, conservation, and management of highways.

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