Canggang Railway (HKSE:02169) ROCE % : 8.45% (As of Jun. 2024)

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What is Canggang Railway 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. Canggang Railway's annualized ROCE % for the quarter that ended in Jun. 2024 was 8.45%.

Canggang Railway ROCE % Historical Data

The historical data trend for Canggang Railway'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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Canggang Railway ROCE % Chart

Canggang Railway Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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12.53

12.26

10.61

10.19

9.39

Canggang Railway Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
ROCE %	Get a 7-Day Free Trial								12.31	9.90	10.09	8.45	9.28

Canggang Railway ROCE % Calculation

Canggang Railway'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 )
	=	119.819	/	( ( (1472.908 - 287.787)	+	(1450.332 - 284.622) )	/ 2 )
	=	119.819	/	( (1185.121	+	1165.71)	/ 2 )
	=	119.819	/	1175.4155
	=	10.19 %

Canggang Railway'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 )
	=	106.694	/	( ( (1450.332 - 284.622)	+	(1501.55 - 142.791) )	/ 2 )
	=	106.694	/	( ( 1165.71	+	1358.759 )	/ 2 )
	=	106.694	/	1262.2345
	=	8.45 %

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

Canggang Railway (HKSE:02169) 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.

Canggang Railway ROCE % Related Terms

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Canggang Railway Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Canggang Railway Ltd (HKSE:02169) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Yangzhuang Station, Yangerzhuang Town, Huanghua, Hebei Province, Cangzhou, CHN

Website

https://www.czcgtl.com

Canggang Railway Ltd is a local railway operator based in Hebei Province. The company operates in two segments, rail freight transportation services, and other ancillary services, including loading and unloading, road freight transportation, construction, repair and maintenance of Special Service Lines, railway roadbed and other railway facility construction, and certain other businesses. It operates one railway, the Canggang Railway Line, which connects the Shuo-Huang Railway Line and the Han-Huang Railway Line with the Bohai New Area in Cangzhou. Its railway line also connects the Beijing-Shanghai Railway Line. The company earns its revenue from rail freight transportation services.

Executives

Liu Yongliang	2201 Interest of corporation controlled by you
Jinghai Group Investment Limited	2101 Beneficial owner
Guo Shou An Bao Ji Jin Guan Li You Xian Gong Si	2501 Other
Zhong Guo Ren Shou Zi Chan Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Zhong Guo Ren Shou Bao Xian Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Zhong Guo Ren Shou Bao Xian Ji Tuan Gong Si	2201 Interest of corporation controlled by you
Guo Shou An Bao Hai Wai Hao Dan Yi Zi Chan Guan Li Ji Hua	2501 Other
Zhang Lijie	2201 Interest of corporation controlled by you
Zhang Ning	2201 Interest of corporation controlled by you
Zhang Ruiqiu	2201 Interest of corporation controlled by you
Zhang Weiwei	2202 Interest of your spouse
Zhang Xiaogeng	2201 Interest of corporation controlled by you
Zhang Xiaosuo	2201 Interest of corporation controlled by you
Zhang Xiaoxia	2202 Interest of your spouse
Zhang Yanfeng	2201 Interest of corporation controlled by you

Canggang Railway Headlines

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