China Railway Construction (SHSE:601186) ROCE % : 6.31% (As of Mar. 2024)

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What is China Railway Construction 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. China Railway Construction's annualized ROCE % for the quarter that ended in Mar. 2024 was 6.31%.

China Railway Construction ROCE % Historical Data

The historical data trend for China Railway Construction'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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China Railway Construction ROCE % Chart

China Railway Construction Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.61

8.58

8.28

7.92

7.38

China Railway Construction 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															6.73	8.12	5.93	8.45	6.31

China Railway Construction ROCE % Calculation

China Railway Construction'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 )
	=	46287.242	/	( ( (1523913.581 - 934637.547)	+	(1663019.578 - 998052.441) )	/ 2 )
	=	46287.242	/	( (589276.034	+	664967.137)	/ 2 )
	=	46287.242	/	627121.5855
	=	7.38 %

China Railway Construction'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 )
	=	42305.256	/	( ( (1663019.578 - 998052.441)	+	(1709108.441 - 1033673.393) )	/ 2 )
	=	42305.256	/	( ( 664967.137	+	675435.048 )	/ 2 )
	=	42305.256	/	670201.0925
	=	6.31 %

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

China Railway Construction (SHSE:601186) 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.

China Railway Construction ROCE % Related Terms

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China Railway Construction (SHSE:601186) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » China Railway Construction Corp Ltd (SHSE:601186) » Definitions » ROCE %

Comparable Companies

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01186:Hong Kong 4FF:Germany

Address

East, No. 40 Fuxing Road, Haidian District, Beijing, CHN, 100855

Website

https://www.crcc.cn

China Railway Construction Corp Ltd operates as an infrastructure construction firm. It largely derives contracting revenue. It builds railways, highways and municipal works, such as subways and light rail systems. The company also engages in survey and design, manufacturing, logistics, and property development. It operates the following business segment: Construction; Survey, Design, and Consultancy; Manufacturing; Real Estate; and Other Business Operations. Most of the firm's revenue gets dominated by the Construction segment that engages in the construction of infrastructure such as railways, highways, metropolitan railways, and real estate projects.

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