CTS International Logistics (SHSE:603128) ROCE % : 14.43% (As of Mar. 2024)

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What is CTS International Logistics 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. CTS International Logistics's annualized ROCE % for the quarter that ended in Mar. 2024 was 14.43%.

CTS International Logistics ROCE % Historical Data

The historical data trend for CTS International Logistics'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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CTS International Logistics ROCE % Chart

CTS International Logistics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.30

15.48

20.77

18.44

13.47

CTS International Logistics 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															19.29	11.18	18.01	4.72	14.43

CTS International Logistics ROCE % Calculation

CTS International Logistics'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 )
	=	863.126	/	( ( (9772.327 - 3259.382)	+	(9653.476 - 3347.193) )	/ 2 )
	=	863.126	/	( (6512.945	+	6306.283)	/ 2 )
	=	863.126	/	6409.614
	=	13.47 %

CTS International Logistics'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 )
	=	921.392	/	( ( (9653.476 - 3347.193)	+	(9350.884 - 2889.625) )	/ 2 )
	=	921.392	/	( ( 6306.283	+	6461.259 )	/ 2 )
	=	921.392	/	6383.771
	=	14.43 %

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

CTS International Logistics (SHSE:603128) 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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CTS International Logistics (SHSE:603128) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » CTS International Logistics Corp Ltd (SHSE:603128) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

20th Floor, Tian An Center, No. 338 Nanjing Xi Road, Shanghai, CHN, 200003

Website

http://www.ctsfreight.com

CTS International Logistics Corp Ltd operates in the logistics industry. The company mainly focuses on cross-border comprehensive logistics and supply chain trade services. It provides air freight, ocean freight, multi transportation, project logistics, supply chain trading, warehousing and cross-border logistics services.

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