Qinhuangdao Port Co (HKSE:03369) ROCE % : 9.22% (As of Mar. 2024)

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What is Qinhuangdao 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. Qinhuangdao Port Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 9.22%.

Qinhuangdao Port Co ROCE % Historical Data

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

Qinhuangdao Port Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.37

7.00

6.78

7.44

8.44

Qinhuangdao Port Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															9.53	10.77	8.53	4.90	9.22

Qinhuangdao Port Co ROCE % Calculation

Qinhuangdao 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 )
	=	2318.209	/	( ( (31201.79 - 3459.89)	+	(30654.364 - 3457.1) )	/ 2 )
	=	2318.209	/	( (27741.9	+	27197.264)	/ 2 )
	=	2318.209	/	27469.582
	=	8.44 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	2525.632	/	( ( (30654.364 - 3457.1)	+	(30877.107 - 3309.797) )	/ 2 )
	=	2525.632	/	( ( 27197.264	+	27567.31 )	/ 2 )
	=	2525.632	/	27382.287
	=	9.22 %

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

Qinhuangdao Port Co (HKSE:03369) 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.

Qinhuangdao Port Co ROCE % Related Terms

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Qinhuangdao Port Co (HKSE:03369) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Qinhuangdao Port Co Ltd (HKSE:03369) » Definitions » ROCE %

Traded in Other Exchanges

QHD:Germany 601326:China

Address

35 Haibin Road, Haigang District, Hebei Province, Qinhuangdao, CHN, 066002

Website

https://www.portqhd.com

Qinhuangdao Port Co Ltd is engaged in the provision of integrated port services for customers. It provides integrated port services including stevedoring, stacking, warehousing, transportation, and logistics services. The company handles various types of cargo mainly including coal, metal ores, oil and liquefied chemicals, containers, general cargoes, and other goods. It also provides value-added services including towing, tallying, and coal blending. The company's whole operations are in China.

Executives

He Bei Gang Kou Ji Tuan Guo Ji Xiang Gang You Xian Gong Si	2101 Beneficial owner
He Bei Gang Kou Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you

Qinhuangdao Port Co (HKSE:03369) Headlines

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