Shanghai Construction Group Co (SHSE:600170) ROCE % : 4.57% (As of Mar. 2024)

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What is Shanghai Construction Group 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. Shanghai Construction Group Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.57%.

Shanghai Construction Group Co ROCE % Historical Data

The historical data trend for Shanghai Construction Group 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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Shanghai Construction Group Co ROCE % Chart

Shanghai Construction Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.14

7.27

7.78

4.98

2.15

Shanghai Construction Group 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															4.39	4.92	5.07	-6.20	4.57

Shanghai Construction Group Co ROCE % Calculation

Shanghai Construction Group 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 )
	=	2531.63	/	( ( (366803.619 - 248452.02)	+	(382077.659 - 265104.546) )	/ 2 )
	=	2531.63	/	( (118351.599	+	116973.113)	/ 2 )
	=	2531.63	/	117662.356
	=	2.15 %

Shanghai Construction Group 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 )
	=	5486.684	/	( ( (382077.659 - 265104.546)	+	(350189.944 - 226865.791) )	/ 2 )
	=	5486.684	/	( ( 116973.113	+	123324.153 )	/ 2 )
	=	5486.684	/	120148.633
	=	4.57 %

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

Shanghai Construction Group Co (SHSE:600170) 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.

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Shanghai Construction Group Co (SHSE:600170) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Shanghai Construction Group Co Ltd (SHSE:600170) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

No.666, Daming Road (E), Shanghai, CHN, 200080

Website

http://www.scg.com.cn

Shanghai Construction Group Co Ltd is a China-based company engaged in the construction, design and project consultation. The company possesses core technologies in the construction of highrise buildings, large bridges, light railways, public culture and sports facilities, large industrial plants, major environment protection projects and others.

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