Shanxi Hi speed Group Co (SZSE:000755) ROCE % : 5.86% (As of Mar. 2024)

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What is Shanxi Hi speed 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. Shanxi Hi speed Group Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.86%.

Shanxi Hi speed Group Co ROCE % Historical Data

The historical data trend for Shanxi Hi speed 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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Shanxi Hi speed Group Co ROCE % Chart

Shanxi Hi speed Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.45

1.15

7.35

7.50

7.39

Shanxi Hi speed 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															8.27	7.55	8.64	5.51	5.86

Shanxi Hi speed Group Co ROCE % Calculation

Shanxi Hi speed 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 )
	=	863.26	/	( ( (13168.374 - 1442.271)	+	(12744.199 - 1116.899) )	/ 2 )
	=	863.26	/	( (11726.103	+	11627.3)	/ 2 )
	=	863.26	/	11676.7015
	=	7.39 %

Shanxi Hi speed 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 )
	=	684.12	/	( ( (12744.199 - 1116.899)	+	(12791.431 - 1080.189) )	/ 2 )
	=	684.12	/	( ( 11627.3	+	11711.242 )	/ 2 )
	=	684.12	/	11669.271
	=	5.86 %

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

Shanxi Hi speed Group Co (SZSE:000755) 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.

Shanxi Hi speed Group Co ROCE % Related Terms

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Shanxi Hi speed Group Co (SZSE:000755) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Shanxi Hi speed Group Co Ltd (SZSE:000755) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 19, Chuangye Street, High-tech Development Zone, Shanxi Province, Taiyuan, CHN, 030006

Website

http://www.sxlq.com

Shanxi Road and Bridge Co Ltd is an engineering and construction company. Its business segments are Investment building sector, Infrastructure construction section, Upstream and downstream sectors of the industrial chain, real estate sector, and new business sector among others. The firm has its operational footprints in countries like Zimbabwe, Botswana, Cambodia, Mongolia, Yemen, and other countries.

Shanxi Hi speed Group Co (SZSE:000755) Headlines

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