China Railway Signalmmunication (FRA:RS3) ROCE % : 10.65% (As of Jun. 2024)

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What is China Railway Signalmmunication 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 Signalmmunication's annualized ROCE % for the quarter that ended in Jun. 2024 was 10.65%.

China Railway Signalmmunication ROCE % Historical Data

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

China Railway Signalmmunication Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.26

10.81

9.48

9.49

8.90

China Railway Signalmmunication Quarterly Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															10.04	7.04	6.70	10.65	8.61

China Railway Signalmmunication ROCE % Calculation

China Railway Signalmmunication'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 )
	=	612.213	/	( ( (15816.139 - 8834.116)	+	(15281.684 - 8507.55) )	/ 2 )
	=	612.213	/	( (6982.023	+	6774.134)	/ 2 )
	=	612.213	/	6878.0785
	=	8.90 %

China Railway Signalmmunication's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	719.352	/	( ( (0 - 0)	+	(15180.749 - 8427.415) )	/ 1 )
	=	719.352	/	( ( 0	+	6753.334 )	/ 1 )
	=	719.352	/	6753.334
	=	10.65 %

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

China Railway Signalmmunication (FRA:RS3) 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 Signalmmunication ROCE % Related Terms

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China Railway Signalmmunication Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » China Railway Signal & Communication Corp Ltd (FRA:RS3) » Definitions » ROCE %

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CRYCY:USA CRYYF:USA 03969:Hong Kong 688009:China

Address

Automobile Museum South Road, CRSC Building, 1 Compound, Fengtai District, 20th Floor, Beijing, CHN, 100070

Website

http://www.crsc.cn

China Railway Signal & Communication Corp Ltd provides products and services on the entire industrial chain of rail transit control systems. The company's operating segments are the rail transportation control system segment which provides specialized three-in-one services of design and integration, equipment manufacturing, and system implementation services for rail transportation control systems, General engineering contracting segment engages in the provision of services relating to municipal and other construction projects, other segments mainly engage in trading. The firm generates a majority of its revenue from the rail transportation control system segment.

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