Daqin Railway Co (SHSE:601006) ROCE % : 9.79% (As of Mar. 2024)

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What is Daqin Railway 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. Daqin Railway Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 9.79%.

Daqin Railway Co ROCE % Historical Data

The historical data trend for Daqin Railway 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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Daqin Railway Co ROCE % Chart

Daqin Railway Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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15.50

10.26

10.99

9.94

10.27

Daqin Railway 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															12.23	12.94	11.61	4.39	9.79

Daqin Railway Co ROCE % Calculation

Daqin Railway 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 )
	=	19364.561	/	( ( (202297.024 - 17417.26)	+	(207673.222 - 15548.68) )	/ 2 )
	=	19364.561	/	( (184879.764	+	192124.542)	/ 2 )
	=	19364.561	/	188502.153
	=	10.27 %

Daqin Railway 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 )
	=	19007.408	/	( ( (207673.222 - 15548.68)	+	(210670.222 - 14539.437) )	/ 2 )
	=	19007.408	/	( ( 192124.542	+	196130.785 )	/ 2 )
	=	19007.408	/	194127.6635
	=	9.79 %

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

Daqin Railway Co (SHSE:601006) 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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Daqin Railway Co (SHSE:601006) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Daqin Railway Co Ltd (SHSE:601006) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

No. 14 Zhanbei Street, Shanxi, Datong, CHN, 037005

Website

http://www.daqintielu.com

Daqin Railway is a state-owned rail-transport operator in China. The company's core asset, Daqin Line, and its 41%-owned Shuohuang Line, are China's busiest east-west coal railways. Their combined volume accounts for about one quarter of China's railway coal volume. Coal rail-transport contributes the bulk of Daqin's operating profit. Daqin also hauls other bulk and non-bulk freight and provides passenger rail service.

Daqin Railway Co (SHSE:601006) Headlines

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