China Merchants Shekou Industrial Zone Holdings Co (SZSE:001979) ROCE % : 5.57% (As of Dec. 2023)

View and export this data going back to 1993. Start your Free Trial

What is China Merchants Shekou Industrial Zone Holdings 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. China Merchants Shekou Industrial Zone Holdings Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 5.57%.

China Merchants Shekou Industrial Zone Holdings Co ROCE % Historical Data

The historical data trend for China Merchants Shekou Industrial Zone Holdings 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.

* Premium members only.

China Merchants Shekou Industrial Zone Holdings Co ROCE % Chart

China Merchants Shekou Industrial Zone Holdings Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

12.07

8.29

6.89

4.48

3.68

China Merchants Shekou Industrial Zone Holdings 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															6.92	1.51	4.77	2.97	5.57

China Merchants Shekou Industrial Zone Holdings Co ROCE % Calculation

China Merchants Shekou Industrial Zone Holdings 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 )
	=	17387.338	/	( ( (886471.376 - 423909.695)	+	(908508.5 - 426023.897) )	/ 2 )
	=	17387.338	/	( (462561.681	+	482484.603)	/ 2 )
	=	17387.338	/	472523.142
	=	3.68 %

China Merchants Shekou Industrial Zone Holdings 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 )
	=	26755.656	/	( ( (963521.58 - 485371.011)	+	(908508.5 - 426023.897) )	/ 2 )
	=	26755.656	/	( ( 478150.569	+	482484.603 )	/ 2 )
	=	26755.656	/	480317.586
	=	5.57 %

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

China Merchants Shekou Industrial Zone Holdings Co (SZSE:001979) 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 Merchants Shekou Industrial Zone Holdings Co ROCE % Related Terms

Thank you for viewing the detailed overview of China Merchants Shekou Industrial Zone Holdings Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

China Merchants Shekou Industrial Zone Holdings Co (SZSE:001979) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » China Merchants Shekou Industrial Zone Holdings Co Ltd (SZSE:001979) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Hing Wah Road, No. 6, South China Sea, Building 3, Nanshan District, Shekou, Guangdong Province, Shenzhen, CHN, 518067

Website

http://www.shekou.com

China Merchants Shekou Industrial Zone Holdings Co Ltd is engaged in the investment and construction business. Business activity is primarily operated in three segments Industrial parks, Communities, and Cruise business. Community segment provides quality residential real-estates for family level customers under the brand of China Merchants. Industrial Park Development segment is mainly involved in the development and operation of the theme industrial parks, characteristic industrial belts, and the ecological zones. Cruise segment is mainly involved in the construction, operation, and management of Shekou Cruise Terminal. Geographically it operates through China, however business presence can also be seen in the international market.

China Merchants Shekou Industrial Zone Holdings Co (SZSE:001979) Headlines

No Headlines