Xiamen Port Development Co (SZSE:000905) ROCE % : 7.64% (As of Mar. 2024)

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What is Xiamen Port Development 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. Xiamen Port Development Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 7.64%.

Xiamen Port Development Co ROCE % Historical Data

The historical data trend for Xiamen Port Development 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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Xiamen Port Development Co ROCE % Chart

Xiamen Port Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.89

7.37

8.38

7.66

6.76

Xiamen Port Development 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															7.84	7.90	7.53	3.59	7.64

Xiamen Port Development Co ROCE % Calculation

Xiamen Port Development 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 )
	=	490.164	/	( ( (11975.79 - 4776.964)	+	(13359.372 - 6050.147) )	/ 2 )
	=	490.164	/	( (7198.826	+	7309.225)	/ 2 )
	=	490.164	/	7254.0255
	=	6.76 %

Xiamen Port Development 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 )
	=	572.74	/	( ( (13359.372 - 6050.147)	+	(14590.985 - 6907.375) )	/ 2 )
	=	572.74	/	( ( 7309.225	+	7683.61 )	/ 2 )
	=	572.74	/	7496.4175
	=	7.64 %

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

Xiamen Port Development Co (SZSE:000905) 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.

Xiamen Port Development Co ROCE % Related Terms

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Xiamen Port Development Co (SZSE:000905) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Xiamen Port Development Co Ltd (SZSE:000905) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Changan Road, 13th Floor, Joint Inspection Building, Haitian Port Area, Huli District, Fujian, Xiamen, CHN, 361006

Website

http://www.xmgw.com.cn

Xiamen Port Development Co Ltd provides port logistics services. It is mainly engaged in the port-based integrated logistics business, loading and unloading of bulk cargo, domestic trade containers, storage, warehousing, and berthing business. Further, the group is also engaged in ship agency, terminal loading and unloading, notarization, assistance in berthing, warehousing, transportation and others. The firm holds an intensive logistics network and has established close business relationships with customers in more than 180 countries and regions in the world.

Xiamen Port Development Co (SZSE:000905) Headlines

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