China Railway Group (SHSE:601390) ROCE % : 8.25% (As of Dec. 2023)

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What is China Railway Group 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. China Railway Group's annualized ROCE % for the quarter that ended in Dec. 2023 was 8.25%.

China Railway Group ROCE % Historical Data

The historical data trend for China Railway Group'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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China Railway Group ROCE % Chart

China Railway Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.47

9.11

8.42

7.91

7.41

China Railway Group 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															8.21	7.08	7.43	6.83	8.25

China Railway Group ROCE % Calculation

China Railway Group'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 )
	=	57753.772	/	( ( (1613282.322 - 873372.788)	+	(1829439.189 - 1010641.883) )	/ 2 )
	=	57753.772	/	( (739909.534	+	818797.306)	/ 2 )
	=	57753.772	/	779353.42
	=	7.41 %

China Railway Group'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 )
	=	66581.924	/	( ( (1739147.898 - 944019.437)	+	(1829439.189 - 1010641.883) )	/ 2 )
	=	66581.924	/	( ( 795128.461	+	818797.306 )	/ 2 )
	=	66581.924	/	806962.8835
	=	8.25 %

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

China Railway Group (SHSE:601390) 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.

China Railway Group ROCE % Related Terms

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China Railway Group (SHSE:601390) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Construction » China Railway Group Ltd (SHSE:601390) » Definitions » ROCE %

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CRWOF:USA 00390:Hong Kong CNO:Germany

Address

49 Hoi Yuen Road, Unit 1201-1203, 12th Floor, APEC Plaza, Kowloon, Hong Kong, HKG

Website

http://www.crec.cn

China Railway Group Ltd is a construction conglomerate company. The company's operating segment includes Infrastructure construction; Survey, design and consulting services; Engineering equipment and component manufacturing; Property development, and Other businesses. It generates maximum revenue from the Infrastructure construction segment. The Infrastructure construction segment includes the construction of railways, highways, bridges, tunnels, metropolitan railways (including subways and light railways), buildings, irrigation works, hydroelectricity projects, ports, docks, airports, and other municipal works.

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