Anshan Senyuan Road & Bridge Co (SZSE:300210) ROCE % : -8.97% (As of Mar. 2024)

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What is Anshan Senyuan Road & Bridge 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. Anshan Senyuan Road & Bridge Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -8.97%.

Anshan Senyuan Road & Bridge Co ROCE % Historical Data

The historical data trend for Anshan Senyuan Road & Bridge 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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Anshan Senyuan Road & Bridge Co ROCE % Chart

Anshan Senyuan Road & Bridge Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-27.15

15.80

-14.58

-22.66

-16.29

Anshan Senyuan Road & Bridge 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															0.09	-8.54	-5.44	-52.11	-8.97

Anshan Senyuan Road & Bridge Co ROCE % Calculation

Anshan Senyuan Road & Bridge 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 )
	=	-95.017	/	( ( (1190.314 - 548.417)	+	(1075.269 - 550.879) )	/ 2 )
	=	-95.017	/	( (641.897	+	524.39)	/ 2 )
	=	-95.017	/	583.1435
	=	-16.29 %

Anshan Senyuan Road & Bridge 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 )
	=	-46.312	/	( ( (1075.269 - 550.879)	+	(1078.065 - 570.105) )	/ 2 )
	=	-46.312	/	( ( 524.39	+	507.96 )	/ 2 )
	=	-46.312	/	516.175
	=	-8.97 %

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

Anshan Senyuan Road & Bridge Co (SZSE:300210) 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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Anshan Senyuan Road & Bridge Co (SZSE:300210) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Anshan Senyuan Road & Bridge Co Ltd (SZSE:300210) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No 281 Anqian Road, New District, Liaoning Province, Anshan, CHN, 114051

Website

http://www.assyrb.com

Anshan Senyuan Road & Bridge Co Ltd is engaged in road maintenance, research and development of new technologies, and development, production, and sales of new road maintenance equipment. The products of the company include grouting equipment, municipal sanitation, and large in situ recycling.

Executives

Han Wen Tao	Executives
Zhao Yan Hong	Executives
Xue Ping	Supervisors
Sun Bin Wu	Directors, executives
Xiang Xin Bo	Director
Qi Guang Tian	Director
Zhang Xiu Jie	Supervisors
Hao Jie	Supervisors
Wang En Yi	Director
Yang Jin Song	Executives
Qi Wei Jiang	Director
Ding Ming	Director
Guo Song Sen	Directors, executives

Anshan Senyuan Road & Bridge Co (SZSE:300210) Headlines

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