Jiangsu Wanlin Modern Logistics Co (SHSE:603117) ROCE % : 2.43% (As of Mar. 2024)

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What is Jiangsu Wanlin Modern Logistics 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. Jiangsu Wanlin Modern Logistics Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 2.43%.

Jiangsu Wanlin Modern Logistics Co ROCE % Historical Data

The historical data trend for Jiangsu Wanlin Modern Logistics 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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Jiangsu Wanlin Modern Logistics Co ROCE % Chart

Jiangsu Wanlin Modern Logistics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.25

5.33

-14.33

-32.54

-16.20

Jiangsu Wanlin Modern Logistics 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															0.21	-5.60	4.51	-65.68	2.43

Jiangsu Wanlin Modern Logistics Co ROCE % Calculation

Jiangsu Wanlin Modern Logistics 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 )
	=	-230.397	/	( ( (2374.698 - 773.061)	+	(1571.999 - 330.1) )	/ 2 )
	=	-230.397	/	( (1601.637	+	1241.899)	/ 2 )
	=	-230.397	/	1421.768
	=	-16.20 %

Jiangsu Wanlin Modern Logistics 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 )
	=	30.176	/	( ( (1571.999 - 330.1)	+	(1533.914 - 289.849) )	/ 2 )
	=	30.176	/	( ( 1241.899	+	1244.065 )	/ 2 )
	=	30.176	/	1242.982
	=	2.43 %

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

Jiangsu Wanlin Modern Logistics Co (SHSE:603117) 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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Jiangsu Wanlin Modern Logistics Co (SHSE:603117) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Jiangsu Wanlin Modern Logistics Co Ltd (SHSE:603117) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No.68 Renmin Middle Road, Block A, Block B, 8th Floor, International Trade Center, Jiangsu Province, Jingjiang, CHN, 214500

Website

http://www.china-wanlin.com

Jiangsu Wanlin Modern Logistics Co Ltd is a logistics enterprise. It operates a wood agency procurement business from the Far East, North America, Africa, and South America. Its provide comprehensive logistics services for many timber industry enterprises including agent procurement, shipping agency, freight forwarding, port loading and unloading, warehousing and distribution, cargo loading, wood processing, logistics information and other services. It provides domestic and international shipping agency service.

Executives

Fan Ji Bo	Director
Wu Jiang Yu	Director
Huang Zhi Hua	Director
Shen Jian Wen	Director
Sun Yu Feng	Director
Huang Bao Zhong	Director

Jiangsu Wanlin Modern Logistics Co (SHSE:603117) Headlines

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