Xinjiang Beixin Road & Bridge Group Co (SZSE:002307) ROCE % : 2.10% (As of Mar. 2024)

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What is Xinjiang Beixin Road & Bridge Group 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. Xinjiang Beixin Road & Bridge Group Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 2.10%.

Xinjiang Beixin Road & Bridge Group Co ROCE % Historical Data

The historical data trend for Xinjiang Beixin Road & Bridge Group 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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Xinjiang Beixin Road & Bridge Group Co ROCE % Chart

Xinjiang Beixin Road & Bridge Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.90

2.84

2.64

3.07

2.59

Xinjiang Beixin Road & Bridge Group 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															2.12	2.65	2.76	2.80	2.10

Xinjiang Beixin Road & Bridge Group Co ROCE % Calculation

Xinjiang Beixin Road & Bridge Group 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 )
	=	996.953	/	( ( (51156.013 - 14430.988)	+	(54235.207 - 13914.471) )	/ 2 )
	=	996.953	/	( (36725.025	+	40320.736)	/ 2 )
	=	996.953	/	38522.8805
	=	2.59 %

Xinjiang Beixin Road & Bridge Group 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 )
	=	853.44	/	( ( (54235.207 - 13914.471)	+	(55063.621 - 14001.479) )	/ 2 )
	=	853.44	/	( ( 40320.736	+	41062.142 )	/ 2 )
	=	853.44	/	40691.439
	=	2.10 %

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

Xinjiang Beixin Road & Bridge Group Co (SZSE:002307) 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.

Xinjiang Beixin Road & Bridge Group Co ROCE % Related Terms

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Xinjiang Beixin Road & Bridge Group Co (SZSE:002307) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Xinjiang Beixin Road & Bridge Group Co Ltd (SZSE:002307) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 217 Gaoxin Street, 16-17, Block A, Yingke Plaza, High-tech Zone, Urumqi, Uygur Autonomous Region, Xinjiang, CHN, 830011

Website

http://www.xjbxlq.com

Xinjiang Beixin Road & Bridge Group Co Ltd is engaged in road, tunnel and bridge construction. The company also specializes in the production and sale of construction materials, commercial concrete, and asphalt concrete.

Executives

Yang Wen Cheng	Supervisors
Yang Jun	Executives
Lv Wei	Executives
Xiong Bao Heng	Director
Duan Hui Lin	Executives
Sun Yu	Director
Zhu Chun Yan	Supervisors
Zhang Hui	Supervisors
Ye Cheng Guang	Supervisors
Zhang Guo Dong	Executives
Lian Jian Ping	Executives

Xinjiang Beixin Road & Bridge Group Co (SZSE:002307) Headlines

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