COSCO Shipping International (Singapore) Co (COSCO Shipping International (Singapore) Co) ROCE % : 2.02% (As of Dec. 2023)

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What is COSCO Shipping International (Singapore) 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. COSCO Shipping International (Singapore) Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 2.02%.

COSCO Shipping International (Singapore) Co ROCE % Historical Data

The historical data trend for COSCO Shipping International (Singapore) 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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COSCO Shipping International (Singapore) Co ROCE % Chart

COSCO Shipping International (Singapore) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.45

2.19

4.43

-8.31

2.37

COSCO Shipping International (Singapore) Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															6.09	2.67	-19.85	2.74	2.02

COSCO Shipping International (Singapore) Co ROCE % Calculation

COSCO Shipping International (Singapore) 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 )
	=	14.497	/	( ( (685.033 - 53.422)	+	(642.848 - 50.751) )	/ 2 )
	=	14.497	/	( (631.611	+	592.097)	/ 2 )
	=	14.497	/	611.854
	=	2.37 %

COSCO Shipping International (Singapore) Co's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	12	/	( ( (660.537 - 64.856)	+	(642.848 - 50.751) )	/ 2 )
	=	12	/	( ( 595.681	+	592.097 )	/ 2 )
	=	12	/	593.889
	=	2.02 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

COSCO Shipping International (Singapore) Co (OTCPK:CSCMY) 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.

COSCO Shipping International (Singapore) Co ROCE % Related Terms

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COSCO Shipping International (Singapore) Co (COSCO Shipping International (Singapore) Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » COSCO Shipping International (Singapore) Co Ltd (OTCPK:CSCMY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

F83:Singapore VZS:Germany

Address

30 Cecil Street, No. 26-01 Prudential Tower, Singapore, SGP, 049712

Website

https://www.coscoshipping.com.sg

COSCO Shipping International (Singapore) Co Ltd is an investment holding company that operates ship repair, marine engineering, and dry bulk shipping outfits in China and Singapore. Further, The company also provides services that include property management. It operates in the following segment: shipping, ship repair and marine engineering activities, logistics, and property management. The majority of its revenue gets derived from the Logistics segment.

COSCO Shipping International (Singapore) Co (COSCO Shipping International (Singapore) Co) Headlines

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