Chengdu Expressway Co (HKSE:01785) ROCE % : 9.01% (As of Dec. 2023)

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What is Chengdu Expressway 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. Chengdu Expressway Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 9.01%.

Chengdu Expressway Co ROCE % Historical Data

The historical data trend for Chengdu Expressway 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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Chengdu Expressway Co ROCE % Chart

Chengdu Expressway Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.84

7.50

12.78

9.83

11.50

Chengdu Expressway Co Quarterly Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial														7.42	-	13.94	9.01	10.19

Chengdu Expressway Co ROCE % Calculation

Chengdu Expressway 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 )
	=	1007.61	/	( ( (10238.879 - 1640.351)	+	(10122.647 - 1199.528) )	/ 2 )
	=	1007.61	/	( (8598.528	+	8923.119)	/ 2 )
	=	1007.61	/	8760.8235
	=	11.50 %

Chengdu Expressway 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: 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 )
	=	790.44	/	( ( (9938.495 - 1316.596)	+	(10122.647 - 1199.528) )	/ 2 )
	=	790.44	/	( ( 8621.899	+	8923.119 )	/ 2 )
	=	790.44	/	8772.509
	=	9.01 %

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

Chengdu Expressway Co (HKSE:01785) 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.

Chengdu Expressway Co ROCE % Related Terms

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Chengdu Expressway Co (HKSE:01785) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Chengdu Expressway Co Ltd (HKSE:01785) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 66 Shenghe 1st Road, 9th Floor, Chengnan Tianfu Building, High-Tech Zone, Sichuan, Chengdu, CHN

Website

https://www.chengdugs.com

Chengdu Expressway Co Ltd is principally engaged in the operation, management and development of expressways located in and around Chengdu, Sichuan Province. Meanwhile, the Group also carries out retail of refined oil and operation of CNG. It operates in two reportable segments the Expressway segment segment comprises the construction, operation and maintenance of toll expressways located in Sichuan province; and the Energy Investment segment comprises the operation of petrol stations and a gas station and sales of refined oil and compressed natural gas. It derives majority of the revenue from Expressway segment.

Chengdu Expressway Co (HKSE:01785) Headlines

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