Qingdao Port International Co (HKSE:06198) ROCE % : 12.53% (As of Dec. 2023)

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What is Qingdao Port International 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. Qingdao Port International Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 12.53%.

Qingdao Port International Co ROCE % Historical Data

The historical data trend for Qingdao Port International 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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Qingdao Port International Co ROCE % Chart

Qingdao Port International Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.68

14.05

13.85

13.55

13.70

Qingdao Port International Co Quarterly Data
	Dec15	Jun16	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															12.15	-	13.78	12.53	14.22

Qingdao Port International Co ROCE % Calculation

Qingdao Port International 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 )
	=	7603.41	/	( ( (64184.176 - 9700.849)	+	(65895.651 - 9356.227) )	/ 2 )
	=	7603.41	/	( (54483.327	+	56539.424)	/ 2 )
	=	7603.41	/	55511.3755
	=	13.70 %

Qingdao Port International 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 )
	=	6963.884	/	( ( (64352.28 - 9736.163)	+	(65895.651 - 9356.227) )	/ 2 )
	=	6963.884	/	( ( 54616.117	+	56539.424 )	/ 2 )
	=	6963.884	/	55577.7705
	=	12.53 %

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

Qingdao Port International Co (HKSE:06198) 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.

Qingdao Port International Co ROCE % Related Terms

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Qingdao Port International Co (HKSE:06198) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Qingdao Port International Co Ltd (HKSE:06198) » Definitions » ROCE %

Traded in Other Exchanges

0QP:Germany 601298:China

Address

No. 12 Jingba Road, Huangdao District, Shangdong Province, Qingdao, CHN, 266011

Website

https://www.qingdao-port.com

Qingdao Port International Co Ltd is a Chinese company that acts as an operator of the Port of Qingdao. It provides a range of port-related services including basic port services such as stevedoring and storage services, ancillary and extended services such as logistics and financing-related services. The company has six operating segments; container handling and ancillary services, metal ore, coal, and other cargo handling and ancillary services, liquid bulk handling and ancillary services, logistics and port value-added services, port ancillary services, and financial services. It derives a majority of its revenue from the logistics and port value-added services segment followed by metal ore, coal, and other cargo handling segment and liquid bulk handling and ancillary services segment.

Qingdao Port International Co (HKSE:06198) Headlines

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