Liaoning Port Co (HKSE:02880) ROCE % : 5.89% (As of Sep. 2024)

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What is Liaoning Port 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. Liaoning Port Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 5.89%.

Liaoning Port Co ROCE % Historical Data

The historical data trend for Liaoning Port 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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Liaoning Port Co ROCE % Chart

Liaoning Port Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.52

7.72

6.49

4.67

4.90

Liaoning Port Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															6.20	3.91	5.24	2.27	5.89

Liaoning Port Co ROCE % Calculation

Liaoning Port 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 )
	=	2774.311	/	( ( (64631.036 - 7352.439)	+	(61637.656 - 5667.075) )	/ 2 )
	=	2774.311	/	( (57278.597	+	55970.581)	/ 2 )
	=	2774.311	/	56624.589
	=	4.90 %

Liaoning Port Co's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	3331.348	/	( ( (58932.251 - 4981.654)	+	(65682.479 - 6486.235) )	/ 2 )
	=	3331.348	/	( ( 53950.597	+	59196.244 )	/ 2 )
	=	3331.348	/	56573.4205
	=	5.89 %

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

Liaoning Port Co (HKSE:02880) 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.

Liaoning Port Co ROCE % Related Terms

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Liaoning Port Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Liaoning Port Co Ltd (HKSE:02880) » Definitions » ROCE %

Traded in Other Exchanges

DLPTF:USA 601880:China

Address

Xingang Commercial Building, Dalian Free Trade Zone, Dayao Bay, Liaoning Province, Dalian, CHN, 116600

Website

http://www.liaoganggf.cn

Liaoning Port Co Ltd is a China-based company providing port and logistics services. It operates in seven segments: Oil/liquefied chemicals terminal and related logistics services; Container terminal and related logistics services; Bulk and general cargo terminal and related logistics services; Bulk grain terminal and related logistics services; Passenger and roll-on, roll-off terminal and related logistics services; Port value-added and ancillary services; and Automobile terminal and related logistics services.

Executives

China Merchants Group Limited	2201 Interest of corporation controlled by you
Liao Ning Dong Bei Ya Gang Hang Fa Zhan You Xian Gong Si	2201 Interest of corporation controlled by you
Da Lian Gang Ji Tuan You Xian Gong Si	2101 Beneficial owner

Liaoning Port Co Headlines

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