Nanjing Sheng Hang Shipping Co (SZSE:001205) ROCE % : 11.79% (As of Mar. 2024)

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What is Nanjing Sheng Hang Shipping 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. Nanjing Sheng Hang Shipping Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 11.79%.

Nanjing Sheng Hang Shipping Co ROCE % Historical Data

The historical data trend for Nanjing Sheng Hang Shipping 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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Nanjing Sheng Hang Shipping Co ROCE % Chart

Nanjing Sheng Hang Shipping Co Annual Data

Trend

Dec13

Dec14

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.24

17.86

14.35

13.32

11.33

Nanjing Sheng Hang Shipping 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															13.51	12.13	10.20	14.90	11.79

Nanjing Sheng Hang Shipping Co ROCE % Calculation

Nanjing Sheng Hang Shipping 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 )
	=	300.784	/	( ( (2797.602 - 761.4)	+	(4314.805 - 1043.722) )	/ 2 )
	=	300.784	/	( (2036.202	+	3271.083)	/ 2 )
	=	300.784	/	2653.6425
	=	11.33 %

Nanjing Sheng Hang Shipping 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 )
	=	379.8	/	( ( (4314.805 - 1043.722)	+	(4083.814 - 911.521) )	/ 2 )
	=	379.8	/	( ( 3271.083	+	3172.293 )	/ 2 )
	=	379.8	/	3221.688
	=	11.79 %

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

Nanjing Sheng Hang Shipping Co (SZSE:001205) 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.

Nanjing Sheng Hang Shipping Co ROCE % Related Terms

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Nanjing Sheng Hang Shipping Co (SZSE:001205) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Nanjing Sheng Hang Shipping Co Ltd (SZSE:001205) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 388, Ganjiaxiang Street, Qixia Street, Qixia District, Jiangsu Province, Nanjing, CHN, 210033

Website

http://www.njshsh.com

Nanjing Sheng Hang Shipping Co Ltd is engaged in the international and domestic coastal transportation, as well as the transportation of refined oil and chemicals in the middle and lower reaches of the Yangtze River.

Executives

Li Tao Yuan	Director
Li Guang Hong	Executives
Song Jiang Tao	Executives
Chen Yan Ming	Directors, executives

Nanjing Sheng Hang Shipping Co (SZSE:001205) Headlines

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