Guangdong Yueyun Transportation Co (HKSE:03399) ROCE % : 8.93% (As of Jun. 2024)

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What is Guangdong Yueyun Transportation 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. Guangdong Yueyun Transportation Co's annualized ROCE % for the quarter that ended in Jun. 2024 was 8.93%.

Guangdong Yueyun Transportation Co ROCE % Historical Data

The historical data trend for Guangdong Yueyun Transportation 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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Guangdong Yueyun Transportation Co ROCE % Chart

Guangdong Yueyun Transportation Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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-0.26

-0.20

3.03

7.95

7.94

Guangdong Yueyun Transportation Co Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
ROCE %	Get a 7-Day Free Trial															5.38	8.90	6.64	8.93	7.35

Guangdong Yueyun Transportation Co ROCE % Calculation

Guangdong Yueyun Transportation 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 )
	=	513.257	/	( ( (10291.198 - 3983.019)	+	(9410.182 - 2800.514) )	/ 2 )
	=	513.257	/	( (6308.179	+	6609.668)	/ 2 )
	=	513.257	/	6458.9235
	=	7.95 %

Guangdong Yueyun Transportation Co'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 )
	=	573.618	/	( ( (9410.182 - 2800.514)	+	(9250.005 - 3010.938) )	/ 2 )
	=	573.618	/	( ( 6609.668	+	6239.067 )	/ 2 )
	=	573.618	/	6424.3675
	=	8.93 %

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

Guangdong Yueyun Transportation Co (HKSE:03399) 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.

Guangdong Yueyun Transportation Co ROCE % Related Terms

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Guangdong Yueyun Transportation Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Guangdong Yueyun Transportation Co Ltd (HKSE:03399) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

188 Connaught Road West, Rooms 3108 - 3112, 31st Floor, Hong Kong Plaza, Hong Kong, HKG

Website

http://www.gdyueyun.com

Guangdong Yueyun Transportation Co Ltd is an investment holding company principally engaged in the travel services business. The group along with its subsidiaries is an integrated transportation and logistics service provider. The segments of the company are expressway service zones operation, road passenger transportation and auxiliary, taiping interchange operation, and other business. It derives a majority of its revenue from the expressway service zones operation segment. The Travel services business is categorized into Expressway Service Zones Operation (Energy Business, Retail Business, Merchant Solicitation Business, Advertising Business), Road Passenger Transportation and Auxiliary Services, and Operation of Taiping Interchange.

Executives

Pope Asset Management Llc	2102 Investment manager
Shah Capital Management	2102 Investment manager

Guangdong Yueyun Transportation Co Headlines

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