China International Marine Containers (Group) Co (SZSE:000039) ROCE %

: 3.97% (As of Dec. 2023)

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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 International Marine Containers (Group) Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 3.97%.

China International Marine Containers (Group) Co ROCE % Historical Data

The historical data trend for China International Marine Containers (Group) 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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China International Marine Containers (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.74

9.51

17.23

9.86

5.77

China International Marine Containers (Group) 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															5.38	6.00	6.00	6.37	3.97

China International Marine Containers (Group) Co ROCE % Calculation

China International Marine Containers (Group) 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 )
	=	4783.996	/	( ( (145899.949 - 62998.154)	+	(161763.233 - 78985.163) )	/ 2 )
	=	4783.996	/	( (82901.795	+	82778.07)	/ 2 )
	=	4783.996	/	82839.9325
	=	5.77 %

China International Marine Containers (Group) 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 )
	=	3398.548	/	( ( (156591.03 - 68127.868)	+	(161763.233 - 78985.163) )	/ 2 )
	=	3398.548	/	( ( 88463.162	+	82778.07 )	/ 2 )
	=	3398.548	/	85620.616
	=	3.97 %

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

China International Marine Containers (Group) Co (SZSE:000039) 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 International Marine Containers (Group) Co ROCE % Related Terms

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China International Marine Containers (Group) Co (SZSE:000039) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » China International Marine Containers (Group) Co Ltd (SZSE:000039) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

02039:Hong Kong OCM:Germany

Address

CIMC R&D Centre, 2 Gangwan Avenue, 8th Floor, Shekou, Nanshan Distritct, Guangdong, Shenzhen, CHN, 518067

Website

https://www.cimc.com

China International Marine Containers (Group) Co Ltd is one of China's manufacturers of road transportation vehicles and high-end offshore engineering equipment. It provides a range of containers, trucks, chemical and food equipment, energy products, and airport structures. In addition, the company offers services related to design, engineering, transportation, and energy distribution. The group offers various standard and specialty containers to account for different conditions and take advantage of mass production capabilities. Technical and maintenance services boost revenue and increase contact with customers to gain feedback and observe industry conditions. The company has a world wide distribution network, but the majority of sales derive from Asia.

China International Marine Containers (Group) Co (SZSE:000039) Headlines

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