Shanghai Zhonggu Logistics Co (SHSE:603565) ROCE % : 13.05% (As of Mar. 2024)

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What is Shanghai Zhonggu 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. Shanghai Zhonggu Logistics Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 13.05%.

Shanghai Zhonggu Logistics Co ROCE % Historical Data

The historical data trend for Shanghai Zhonggu 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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Shanghai Zhonggu Logistics Co ROCE % Chart

Shanghai Zhonggu Logistics Co Annual Data

Trend

Dec13

Dec14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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23.94

20.56

31.44

28.37

15.73

Shanghai Zhonggu Logistics Co Quarterly Data
	Dec18	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															23.52	10.13	11.52	16.14	13.05

Shanghai Zhonggu Logistics Co ROCE % Calculation

Shanghai Zhonggu 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 )
	=	2532.796	/	( ( (20271.265 - 6104.801)	+	(23399.174 - 5357.55) )	/ 2 )
	=	2532.796	/	( (14166.464	+	18041.624)	/ 2 )
	=	2532.796	/	16104.044
	=	15.73 %

Shanghai Zhonggu 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 )
	=	2390.256	/	( ( (23399.174 - 5357.55)	+	(24135.956 - 5538.397) )	/ 2 )
	=	2390.256	/	( ( 18041.624	+	18597.559 )	/ 2 )
	=	2390.256	/	18319.5915
	=	13.05 %

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

Shanghai Zhonggu Logistics Co (SHSE:603565) 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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Shanghai Zhonggu Logistics Co (SHSE:603565) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Shanghai Zhonggu Logistics Co Ltd (SHSE:603565) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

No. 3261, Dongfang Road, 15th Floor, Block B, Building 1, Pudong New Area, Shanghai, CHN, 200125

Website

http://www.zhonggu56.com

Shanghai Zhonggu Logistics Co Ltd is engaged in providing customers with customized and cost-effective door-to-door full container logistics solutions. The company has SQ boxes, coal boxes, special boxes, freezer boxes and other types of boxes, and more than 10,000 types of transport products. In addition to water transportation, the company integrates railways, highways and other resources. It provides a full range of multimodal transportation services such as sea-land transportation, river-sea transportation, water-water transfer, sea-rail transportation and cold chain transportation services.

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