Milkyway Intelligent Supply Chain Service Group Co (SHSE:603713) ROCE % : 15.59% (As of Mar. 2024)

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What is Milkyway Intelligent Supply Chain Service Group 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. Milkyway Intelligent Supply Chain Service Group Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 15.59%.

Milkyway Intelligent Supply Chain Service Group Co ROCE % Historical Data

The historical data trend for Milkyway Intelligent Supply Chain Service Group 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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Milkyway Intelligent Supply Chain Service Group Co ROCE % Chart

Milkyway Intelligent Supply Chain Service Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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16.39

18.18

18.38

16.63

12.03

Milkyway Intelligent Supply Chain Service Group 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															10.88	14.46	16.48	6.68	15.59

Milkyway Intelligent Supply Chain Service Group Co ROCE % Calculation

Milkyway Intelligent Supply Chain Service Group 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 )
	=	727.975	/	( ( (9511.342 - 3717.939)	+	(11123.534 - 4814.831) )	/ 2 )
	=	727.975	/	( (5793.403	+	6308.703)	/ 2 )
	=	727.975	/	6051.053
	=	12.03 %

Milkyway Intelligent Supply Chain Service Group 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 )
	=	1016.188	/	( ( (11123.534 - 4814.831)	+	(11403.656 - 4672.155) )	/ 2 )
	=	1016.188	/	( ( 6308.703	+	6731.501 )	/ 2 )
	=	1016.188	/	6520.102
	=	15.59 %

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

Milkyway Intelligent Supply Chain Service Group Co (SHSE:603713) 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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Milkyway Intelligent Supply Chain Service Group Co (SHSE:603713) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Milkyway Intelligent Supply Chain Service Group Co Ltd (SHSE:603713) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-4th Floor, No. 260, Jiaxing Road, Room 401, 4th Floor, Hongkou District, Shanghai, CHN

Website

http://www.mwclg.com

Milkyway Chemical Supply Chain Service Co Ltd provides logistics services.

Executives

Chen Yin He	Directors, senior managers
Hua Yi	senior management
Peng Sai	senior management

Milkyway Intelligent Supply Chain Service Group Co (SHSE:603713) Headlines

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