XiangXing International Holding (HKSE:01732) ROCE % : 14.67% (As of Dec. 2023)

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What is XiangXing International Holding 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. XiangXing International Holding's annualized ROCE % for the quarter that ended in Dec. 2023 was 14.67%.

XiangXing International Holding ROCE % Historical Data

The historical data trend for XiangXing International Holding'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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XiangXing International Holding ROCE % Chart

XiangXing International Holding Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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17.44

17.42

15.17

10.42

9.72

XiangXing International Holding Semi-Annual Data
	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial													3.77	13.37	7.99	3.84	14.67

XiangXing International Holding ROCE % Calculation

XiangXing International Holding'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 )
	=	19.518	/	( ( (214.806 - 33.443)	+	(242.666 - 22.461) )	/ 2 )
	=	19.518	/	( (181.363	+	220.205)	/ 2 )
	=	19.518	/	200.784
	=	9.72 %

XiangXing International Holding'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 )
	=	31.524	/	( ( (231.355 - 21.77)	+	(242.666 - 22.461) )	/ 2 )
	=	31.524	/	( ( 209.585	+	220.205 )	/ 2 )
	=	31.524	/	214.895
	=	14.67 %

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

XiangXing International Holding (HKSE:01732) 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.

XiangXing International Holding ROCE % Related Terms

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XiangXing International Holding (HKSE:01732) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » XiangXing International Holding Ltd (HKSE:01732) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 233 Jiangang Road, Xiamen Area (Bonded Port), China (Fujian) Pilot Free Trade Zone, Haicang District, Fujian Province, Xiamen City, CHN

Website

http://www.xxlt.com.cn

XiangXing International Holding Ltd is an investment holding company. The operating segments of the group are Import and export agency services; Container and stone blocks road freight forwarding services; Intra-port ancillary services; Intra-port container transportation services; and Trading of building materials and automobile accessories. Geographically, the operations of the company are carried out in the PRC.

XiangXing International Holding (HKSE:01732) Headlines

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