Sichuan Expressway Co (SHSE:601107) ROCE % : 5.45% (As of Mar. 2024)

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What is Sichuan Expressway 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 Expressway Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.45%.

Sichuan Expressway Co ROCE % Historical Data

The historical data trend for Sichuan Expressway 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 Expressway Co ROCE % Chart

Sichuan Expressway Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.77

3.21

8.31

2.09

4.85

Sichuan Expressway 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															7.03	1.91	8.86	2.93	5.45

Sichuan Expressway Co ROCE % Calculation

Sichuan Expressway 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 )
	=	2496.944	/	( ( (56406.298 - 4876.911)	+	(57659.429 - 6289.097) )	/ 2 )
	=	2496.944	/	( (51529.387	+	51370.332)	/ 2 )
	=	2496.944	/	51449.8595
	=	4.85 %

Sichuan Expressway 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 )
	=	2843.584	/	( ( (57659.429 - 6289.097)	+	(58956.656 - 5908.622) )	/ 2 )
	=	2843.584	/	( ( 51370.332	+	53048.034 )	/ 2 )
	=	2843.584	/	52209.183
	=	5.45 %

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

Sichuan Expressway Co (SHSE:601107) 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 Expressway Co ROCE % Related Terms

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Sichuan Expressway Co (SHSE:601107) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Sichuan Expressway Co Ltd (SHSE:601107) » Definitions » ROCE %

Traded in Other Exchanges

SEXHF:USA 00107:Hong Kong

Address

252 Wuhouci Da Jie, Sichuan Province, Chengdu, CHN, 610041

Website

https://www.cygs.com

Sichuan Expressway Co Ltd is primarily engaged in the investment, construction, operation, and management of road infrastructure projects. The company operates in five segments: Expressways segment, New energy technologies segment, Transportation services segment, Transportation logistics segment, Construction services segment and Others segment. Majority of the revenue is generated from Construction services segment. Construction services segment comprises the provision of construction and upgrade services under the service concession arrangements and construction contracts.

Sichuan Expressway Co (SHSE:601107) Headlines

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