Dazhong Transportation (Group) Co (SHSE:600611) ROCE % : 2.58% (As of Mar. 2024)

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What is Dazhong Transportation (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. Dazhong Transportation (Group) Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 2.58%.

Dazhong Transportation (Group) Co ROCE % Historical Data

The historical data trend for Dazhong Transportation (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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Dazhong Transportation (Group) Co ROCE % Chart

Dazhong Transportation (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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14.14

8.14

5.46

-1.01

6.21

Dazhong Transportation (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															5.80	7.80	5.40	4.79	2.58

Dazhong Transportation (Group) Co ROCE % Calculation

Dazhong Transportation (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 )
	=	777.842	/	( ( (20023.469 - 7630.819)	+	(18480.902 - 5815.631) )	/ 2 )
	=	777.842	/	( (12392.65	+	12665.271)	/ 2 )
	=	777.842	/	12528.9605
	=	6.21 %

Dazhong Transportation (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 )
	=	327.076	/	( ( (18480.902 - 5815.631)	+	(18432.071 - 5775.662) )	/ 2 )
	=	327.076	/	( ( 12665.271	+	12656.409 )	/ 2 )
	=	327.076	/	12660.84
	=	2.58 %

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

Dazhong Transportation (Group) Co (SHSE:600611) 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.

Dazhong Transportation (Group) Co ROCE % Related Terms

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Dazhong Transportation (Group) Co (SHSE:600611) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Dazhong Transportation (Group) Co Ltd (SHSE:600611) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

900903:China

Address

No. 1515 Zhongshan West Road, Dazhong Building, 22nd Floor, Xuhui District, Shanghai, CHN, 200235

Website

http://www.96822.com

Dazhong Transportation Group is a passenger transportation and property investment company. The company operates taxis and public bus passenger transportation, and maintains, leases, and distributes automobiles. Dazhong Transportation also operates a real estate investment business, which develops, leases, and sells residential and commercial property. In addition, the company provides logistics, tourism, and catering services. The company is headquartered in the People's Republic of China, and generates revenue domestically.

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