Shandong Hi-Speed Holdings Group (HKSE:00412) ROCE % : 4.79% (As of Jun. 2024)

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What is Shandong Hi-Speed Holdings 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. Shandong Hi-Speed Holdings Group's annualized ROCE % for the quarter that ended in Jun. 2024 was 4.79%.

Shandong Hi-Speed Holdings Group ROCE % Historical Data

The historical data trend for Shandong Hi-Speed Holdings 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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Shandong Hi-Speed Holdings Group ROCE % Chart

Shandong Hi-Speed Holdings Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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1.40

1.82

5.16

5.25

Shandong Hi-Speed Holdings Group Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
ROCE %	Get a 7-Day Free Trial															4.03	4.81	5.92	4.79	-

Shandong Hi-Speed Holdings Group ROCE % Calculation

Shandong Hi-Speed Holdings 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 )
	=	2655.689	/	( ( (67996.076 - 18046.799)	+	(72170.566 - 20933.789) )	/ 2 )
	=	2655.689	/	( (49949.277	+	51236.777)	/ 2 )
	=	2655.689	/	50593.027
	=	5.25 %

Shandong Hi-Speed Holdings Group'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: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	2646.772	/	( ( (72170.566 - 20933.789)	+	(78999.072 - 19663.026) )	/ 2 )
	=	2646.772	/	( ( 51236.777	+	59336.046 )	/ 2 )
	=	2646.772	/	55286.4115
	=	4.79 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

Shandong Hi-Speed Holdings Group (HKSE:00412) 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.

Shandong Hi-Speed Holdings Group ROCE % Related Terms

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Shandong Hi-Speed Holdings Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Shandong Hi-Speed Holdings Group Ltd (HKSE:00412) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

99 Queen’s Road Central, 38th Floor, The Center, Central, Hong Kong, HKG

Website

https://www.csfg.com.hk

Shandong Hi-Speed Holdings Group Ltd is an investment holding company & its segments include the Industrial investment segment in operations of the industrial investment-related business; the Standard investment segment in trading of listed securities & listed bonds for interest income & capital appreciation; the Non-standard investment segment in direct investment business, investments in debts instruments, unlisted bonds & investment funds; Licensed financial services segment in provision of money lending services, securities brokerage services, asset management services & asset trading platform; & Financial technology segment in online investment & technology-enabled lending services. The majority is from the Industrial Investment segment & key revenue is from the PRC.

Executives

Haitong International Holdings Limited	2201 Interest of corporation controlled by you
Haitong International Securities Group Limited	2201 Interest of corporation controlled by you
Haitong Securities Co., Ltd.	2201 Interest of corporation controlled by you
Shan Dong Gao Su Ji Tuan You Xian Gong Si	2101 Beneficial owner
China Credit Trust Co., Ltd	2201 Interest of corporation controlled by you
Harvest Fund Management Co., Ltd.	2201 Interest of corporation controlled by you
Shandong Hi-speed (bvi) Capital Management Limited
Shandong Hi-speed (hong Kong) International Capital Limited
Shandong International (hong Kong) Limited
Shan Dong Sheng Nong Cun Jing Ji Kai Fa Tou Zi Gong Si
Central Huijin Investment Ltd.	2201 Interest of corporation controlled by you
Tai Fung Bank Limited	2106 Person having a security interest in shares
Zhong Guo Yin Xing Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
China Credit Trust Co., Ltd.	2201 Interest of corporation controlled by you
Lau Mo	2201 Interest of corporation controlled by you

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