COSCO SHIPPING Ports (COSCO SHIPPING Ports) ROCE % : 5.57% (As of Dec. 2023)

View and export this data going back to . Start your Free Trial

What is COSCO SHIPPING Ports 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 Ports's annualized ROCE % for the quarter that ended in Dec. 2023 was 5.57%.

COSCO SHIPPING Ports ROCE % Historical Data

The historical data trend for COSCO SHIPPING Ports'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.

* Premium members only.

COSCO SHIPPING Ports ROCE % Chart

COSCO SHIPPING Ports Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

5.54

5.28

5.82

5.67

5.86

COSCO SHIPPING Ports Quarterly Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															6.16	5.02	-	6.43	5.57

COSCO SHIPPING Ports ROCE % Calculation

COSCO SHIPPING Ports'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 )
	=	594.761	/	( ( (11326.353 - 1344.265)	+	(11931.881 - 1607.305) )	/ 2 )
	=	594.761	/	( (9982.088	+	10324.576)	/ 2 )
	=	594.761	/	10153.332
	=	5.86 %

COSCO SHIPPING Ports'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	567.264	/	( ( (11388.82 - 1345.123)	+	(11931.881 - 1607.305) )	/ 2 )
	=	567.264	/	( ( 10043.697	+	10324.576 )	/ 2 )
	=	567.264	/	10184.1365
	=	5.57 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

COSCO SHIPPING Ports (OTCPK:CSPKF) 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 Ports ROCE % Related Terms

Thank you for viewing the detailed overview of COSCO SHIPPING Ports's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

COSCO SHIPPING Ports (COSCO SHIPPING Ports) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » COSCO SHIPPING Ports Ltd (OTCPK:CSPKF) » Definitions » ROCE %

Traded in Other Exchanges

01199:Hong Kong CTH:Germany

Address

183 Queen's Road Central, 49th Floor, COSCO Tower, Hong Kong, HKG

Website

https://ports.coscoshipping.com

COSCO SHIPPING Ports Ltd is a leading port operator and investor in China. The company's segment includes Terminals and related businesses and Others. It generates maximum revenue from the Terminals and related businesses segment. Geographically presence in Mainland China (excluding Hong Kong), Europe and Others.