Fujian Guohang Ocean Shipping Group Co (BJSE:833171) ROCE % : 5.12% (As of Mar. 2024)

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What is Fujian Guohang Ocean Shipping Group 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. Fujian Guohang Ocean Shipping Group Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.12%.

Fujian Guohang Ocean Shipping Group Co ROCE % Historical Data

The historical data trend for Fujian Guohang Ocean Shipping 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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Fujian Guohang Ocean Shipping Group Co ROCE % Chart

Fujian Guohang Ocean Shipping Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.26

0.29

37.65

15.88

1.81

Fujian Guohang Ocean Shipping Group Co Quarterly Data
	Jun18	Dec18	Jun19	Dec19	Mar20	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-2.94	10.41	-0.51	0.44	5.12

Fujian Guohang Ocean Shipping Group Co ROCE % Calculation

Fujian Guohang Ocean Shipping 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 )
	=	33.731	/	( ( (2579.848 - 661.547)	+	(2258.789 - 460.066) )	/ 2 )
	=	33.731	/	( (1918.301	+	1798.723)	/ 2 )
	=	33.731	/	1858.512
	=	1.81 %

Fujian Guohang Ocean Shipping Group Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	102.368	/	( ( (2258.789 - 460.066)	+	(2657.606 - 457.696) )	/ 2 )
	=	102.368	/	( ( 1798.723	+	2199.91 )	/ 2 )
	=	102.368	/	1999.3165
	=	5.12 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Fujian Guohang Ocean Shipping Group Co (BJSE:833171) 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.

Fujian Guohang Ocean Shipping Group Co ROCE % Related Terms

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Fujian Guohang Ocean Shipping Group Co (BJSE:833171) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Fujian Guohang Ocean Shipping Group Co Ltd (BJSE:833171) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 68-1 Jiangbin East Avenue, Floor 25, Building 1, Lanbo Bay, Mawei District, Fujian Province, Fuzhou City, CHN, 350015

Website

http://www.gh-shipping.com

Fujian Guohang Ocean Shipping Group Co Ltd provides integrated maritime shipping services. It offers Dry bulk cargo transportation business on the international ocean, domestic coastal, and middle and lower reaches of the Yangtze River. It offers general cargo ship transportation; ship technical consulting services; ships, marine electromechanical supporting equipment and marine materials, building materials, mechanical equipment, and chemical products.

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