Anhui Expressway Co (SHSE:600012) ROCE % : 9.53% (As of Dec. 2023)

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What is Anhui 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. Anhui Expressway Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 9.53%.

Anhui Expressway Co ROCE % Historical Data

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

Anhui Expressway Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.36

8.05

13.31

11.89

12.34

Anhui Expressway Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															9.00	13.92	11.52	14.62	9.53

Anhui Expressway Co ROCE % Calculation

Anhui 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 )
	=	2480.736	/	( ( (21303.369 - 1378.2)	+	(21738.743 - 1460.53) )	/ 2 )
	=	2480.736	/	( (19925.169	+	20278.213)	/ 2 )
	=	2480.736	/	20101.691
	=	12.34 %

Anhui 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 )
	=	1919.92	/	( ( (21958.067 - 1924.956)	+	(21738.743 - 1460.53) )	/ 2 )
	=	1919.92	/	( ( 20033.111	+	20278.213 )	/ 2 )
	=	1919.92	/	20155.662
	=	9.53 %

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

Anhui Expressway Co (SHSE:600012) 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.

Anhui Expressway Co ROCE % Related Terms

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Anhui Expressway Co (SHSE:600012) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Anhui Expressway Co Ltd (SHSE:600012) » Definitions » ROCE %

Traded in Other Exchanges

AUHEF:USA 00995:Hong Kong HU7:Germany

Address

No. 520, West Wangjiang Road, Anhui, Hefei, CHN, 230088

Website

https://www.anhui-expressway.net

Anhui Expressway Co Ltd is engaged in the investment, construction, operation and management of toll roads within Anhui province. The Company acquires operating expressway assets through various means such as investment and construction, acquisition or cooperative operation. The Company provides toll service for vehicles, collects vehicles toll according to the charging standard and maintains, repairs and carries out safety maintenance for the operating expressways. All of the company's external revenue is derived from customers based in Mainland China.

Anhui Expressway Co (SHSE:600012) Headlines

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