Western Regions Tourism Development Co (SZSE:300859) ROCE % : -6.63% (As of Mar. 2024)

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What is Western Regions Tourism 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. Western Regions Tourism Development Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -6.63%.

Western Regions Tourism Development Co ROCE % Historical Data

The historical data trend for Western Regions Tourism 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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Western Regions Tourism Development Co ROCE % Chart

Western Regions Tourism Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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21.38

-6.87

4.66

-0.80

18.63

Western Regions Tourism 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															-7.91	30.60	61.92	-10.48	-6.63

Western Regions Tourism Development Co ROCE % Calculation

Western Regions Tourism 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 )
	=	128.511	/	( ( (683.129 - 52.941)	+	(782.261 - 32.861) )	/ 2 )
	=	128.511	/	( (630.188	+	749.4)	/ 2 )
	=	128.511	/	689.794
	=	18.63 %

Western Regions Tourism 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 )
	=	-49.232	/	( ( (782.261 - 32.861)	+	(764.661 - 27.954) )	/ 2 )
	=	-49.232	/	( ( 749.4	+	736.707 )	/ 2 )
	=	-49.232	/	743.0535
	=	-6.63 %

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

Western Regions Tourism Development Co (SZSE:300859) 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.

Western Regions Tourism Development Co ROCE % Related Terms

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Western Regions Tourism Development Co (SZSE:300859) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Western Regions Tourism Development Co Ltd (SZSE:300859) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

No. 229, Junggar Road, Changji Prefecture, Xinjiang, Fukang, CHN, 831500

Website

http://www.xylygf.com

Western Regions Tourism Development Co Ltd is engaged in providing travel services. It offers tourism transportation, lake yacht sightseeing, cultural tourism development, ropeway, sightseeing car, cultural performances, hot spring tourism and other services.

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