Watts International Maritime Co (HKSE:02258) ROCE % : 8.51% (As of Dec. 2023)

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What is Watts International Maritime 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. Watts International Maritime Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 8.51%.

Watts International Maritime Co ROCE % Historical Data

The historical data trend for Watts International Maritime 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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Watts International Maritime Co ROCE % Chart

Watts International Maritime Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.46

8.42

8.10

6.43

7.61

Watts International Maritime Co Semi-Annual Data
	Dec15	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial										7.49	6.31	6.99	6.80	8.51

Watts International Maritime Co ROCE % Calculation

Watts International Maritime 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 )
	=	81.016	/	( ( (3842.97 - 2764.654)	+	(3542.773 - 2492.104) )	/ 2 )
	=	81.016	/	( (1078.316	+	1050.669)	/ 2 )
	=	81.016	/	1064.4925
	=	7.61 %

Watts International Maritime 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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	89.544	/	( ( (3523.324 - 2470.158)	+	(3542.773 - 2492.104) )	/ 2 )
	=	89.544	/	( ( 1053.166	+	1050.669 )	/ 2 )
	=	89.544	/	1051.9175
	=	8.51 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Watts International Maritime Co (HKSE:02258) 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.

Watts International Maritime Co ROCE % Related Terms

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Watts International Maritime Co (HKSE:02258) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Watts International Maritime Co Ltd (HKSE:02258) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

2816 Yixian Road, 5th Floor, Tower 17, Baoshan District, Shanghai, CHN

Website

http://www.shbt-china.com

Watts International Maritime Co Ltd is an investment holding company. It is engaged in the port, waterway, and marine engineering work that includes the construction and installation of structures and facilities in river and sea areas. Its business operations comprise Marine construction and Municipal public construction. The company generates maximum revenue from the Municipal public construction segment.

Executives

Wang Likai	2103 Interests held jointly with another person
Wang Shiqin	2103 Interests held jointly with another person
Wang Shizhong	2201 Interest of corporation controlled by you
Wang Xiuchun	2103 Interests held jointly with another person
Ye Kangshun	2201 Interest of corporation controlled by you
Zhou Meng	2103 Interests held jointly with another person
Huazi Holding Limited	2101 Beneficial owner
Hz&bt Development Holding Limited	2101 Beneficial owner
Ye Wang Zhou Holding Limited	2101 Beneficial owner

Watts International Maritime Co (HKSE:02258) Headlines

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