Hubei Chutian Smart Communication Co (SHSE:600035) ROCE % : 12.56% (As of Mar. 2024)

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What is Hubei Chutian Smart Communication 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. Hubei Chutian Smart Communication Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 12.56%.

Hubei Chutian Smart Communication Co ROCE % Historical Data

The historical data trend for Hubei Chutian Smart Communication 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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Hubei Chutian Smart Communication Co ROCE % Chart

Hubei Chutian Smart Communication Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.73

7.30

10.98

9.41

10.74

Hubei Chutian Smart Communication 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															14.47	10.47	10.50	7.11	12.56

Hubei Chutian Smart Communication Co ROCE % Calculation

Hubei Chutian Smart Communication 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 )
	=	1547.202	/	( ( (18049.097 - 3356.365)	+	(19546.839 - 5423.133) )	/ 2 )
	=	1547.202	/	( (14692.732	+	14123.706)	/ 2 )
	=	1547.202	/	14408.219
	=	10.74 %

Hubei Chutian Smart Communication 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 )
	=	1859.78	/	( ( (19546.839 - 5423.133)	+	(20433.638 - 4931.358) )	/ 2 )
	=	1859.78	/	( ( 14123.706	+	15502.28 )	/ 2 )
	=	1859.78	/	14812.993
	=	12.56 %

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

Hubei Chutian Smart Communication Co (SHSE:600035) 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.

Hubei Chutian Smart Communication Co ROCE % Related Terms

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Hubei Chutian Smart Communication Co (SHSE:600035) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Hubei Chutian Smart Communication Co Ltd (SHSE:600035) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 9 Longyang Avenue, Hanyang District, Wuhan, Hubei, CHN, 430051

Website

http://www.hbctgs.com

Hubei Chutian Smart Communication Co Ltd is a China-based company engaged in the investment, construction, and management of roads, bridges and other transportation infrastructures. The company operates and manages one expressway connecting Wuhan and Yichang, as well as one expressway from Dawu to Suizhou. It operates its businesses mainly in Hubei province, China.

Executives

Wang Yong	senior management
Liu Dao Bin	senior management
Zhang Qing	Supervisors
Chen Min	senior management
Lei Zheng Xin	Supervisors
Ye Qiang Yun	Director
Wang Xi Hua	senior management
Guo Sheng Hui	senior management
Yu Li Hai	Director
Yang Xin Yu	Supervisors
Xiao Yue Wen	Director
Ruan Yi Heng	senior management
Fu Han Lin	Supervisors

Hubei Chutian Smart Communication Co (SHSE:600035) Headlines

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