Ningbo Zhoushan Port Co (SHSE:601018) ROCE % : 4.78% (As of Dec. 2023)

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What is Ningbo Zhoushan Port 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. Ningbo Zhoushan Port Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 4.78%.

Ningbo Zhoushan Port Co ROCE % Historical Data

The historical data trend for Ningbo Zhoushan Port 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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Ningbo Zhoushan Port Co ROCE % Chart

Ningbo Zhoushan Port Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.74

8.47

9.21

7.98

7.41

Ningbo Zhoushan Port 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															5.01	6.65	8.03	10.43	4.78

Ningbo Zhoushan Port Co ROCE % Calculation

Ningbo Zhoushan Port 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 )
	=	6679.909	/	( ( (109143.056 - 18982.392)	+	(112344.177 - 22201.633) )	/ 2 )
	=	6679.909	/	( (90160.664	+	90142.544)	/ 2 )
	=	6679.909	/	90151.604
	=	7.41 %

Ningbo Zhoushan Port 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 )
	=	4300.488	/	( ( (113006.799 - 23062.053)	+	(112344.177 - 22201.633) )	/ 2 )
	=	4300.488	/	( ( 89944.746	+	90142.544 )	/ 2 )
	=	4300.488	/	90043.645
	=	4.78 %

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

Ningbo Zhoushan Port Co (SHSE:601018) 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.

Ningbo Zhoushan Port Co ROCE % Related Terms

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Ningbo Zhoushan Port Co (SHSE:601018) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Ningbo Zhoushan Port Co Ltd (SHSE:601018) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 269, Ningdong Road, No. 1-4, Ningbo Global Shipping Plaza, Jiangdong District, Zhejiang Province, Ningbo, CHN, 315800

Website

https://www.nbport.com.cn

Ningbo Zhoushan Port Co Ltd operates in the ports of Ningbo and Zhoushan, China. The Company handles containers, minerals, crude oil, liquid chemical products and other goods. The company also provides port leasing, ship agency and logistics services.

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