Guangzhou Jiacheng International Logistics Co (SHSE:603535) ROCE % : 10.70% (As of Mar. 2024)

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What is Guangzhou Jiacheng International 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. Guangzhou Jiacheng International Logistics Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 10.70%.

Guangzhou Jiacheng International Logistics Co ROCE % Historical Data

The historical data trend for Guangzhou Jiacheng International 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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Guangzhou Jiacheng International Logistics Co ROCE % Chart

Guangzhou Jiacheng International Logistics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.12

11.34

11.29

8.07

6.77

Guangzhou Jiacheng International 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															7.06	10.51	9.52	0.56	10.70

Guangzhou Jiacheng International Logistics Co ROCE % Calculation

Guangzhou Jiacheng International 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 )
	=	216.436	/	( ( (3817.767 - 781.51)	+	(4372.731 - 1018.148) )	/ 2 )
	=	216.436	/	( (3036.257	+	3354.583)	/ 2 )
	=	216.436	/	3195.42
	=	6.77 %

Guangzhou Jiacheng International 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 )
	=	363.776	/	( ( (4372.731 - 1018.148)	+	(4392.592 - 949.307) )	/ 2 )
	=	363.776	/	( ( 3354.583	+	3443.285 )	/ 2 )
	=	363.776	/	3398.934
	=	10.70 %

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

Guangzhou Jiacheng International Logistics Co (SHSE:603535) 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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Guangzhou Jiacheng International Logistics Co (SHSE:603535) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Guangzhou Jiacheng International Logistics Co Ltd (SHSE:603535) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

371-375 Huanshi East Road, Room 1602 , South Tower, World Trade Center Building, Guangzhou, CHN, 511442

Website

http://www.jiacheng88.com

Guangzhou Jiacheng International Logistics Co Ltd is an integrated shipping and logistics company. Its main business is to provide third-party integrated logistics services such as procurement logistics, production logistics, sales logistics, reverse logistics, distribution processing and global after-sales service. The company also provides extended services such as merchandise distribution, agency procurement, processing and international trade. In addition, the company designs personalized logistics solutions for e-commerce companies, by using automated logistics equipment and advanced logistics information management system. These services include intelligent storage and handling, packaging, transportation and coordinated distribution and logistics information transmission.

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