Rizhao Port Jurong Co (HKSE:06117) ROCE % : 10.62% (As of Jun. 2024)

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What is Rizhao Port Jurong 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. Rizhao Port Jurong Co's annualized ROCE % for the quarter that ended in Jun. 2024 was 10.62%.

Rizhao Port Jurong Co ROCE % Historical Data

The historical data trend for Rizhao Port Jurong 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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Rizhao Port Jurong Co ROCE % Chart

Rizhao Port Jurong Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.12

9.56

9.88

10.22

10.56

Rizhao Port Jurong Co Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial										11.62	9.21	11.76	9.21	10.62

Rizhao Port Jurong Co ROCE % Calculation

Rizhao Port Jurong 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 )
	=	341.804	/	( ( (3243.271 - 126.549)	+	(3610.131 - 252.315) )	/ 2 )
	=	341.804	/	( (3116.722	+	3357.816)	/ 2 )
	=	341.804	/	3237.269
	=	10.56 %

Rizhao Port Jurong 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 )
	=	358.73	/	( ( (3610.131 - 252.315)	+	(3717.985 - 319.042) )	/ 2 )
	=	358.73	/	( ( 3357.816	+	3398.943 )	/ 2 )
	=	358.73	/	3378.3795
	=	10.62 %

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

Rizhao Port Jurong Co (HKSE:06117) 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.

Rizhao Port Jurong Co ROCE % Related Terms

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Rizhao Port Jurong Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Rizhao Port Jurong Co Ltd (HKSE:06117) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Haibin 5th Road, South End, Donggang District, Shandong Province, Rizhao, CHN, 276826

Website

http://www.rzportjurong.com

Rizhao Port Jurong Co Ltd is engaged in port operation in Rizhao City, Shandong Province of the PRC, which includes handling grains, woodchips and dried tapioca along with berth leasing, port services such as warehousing, cargo storage, and related supporting business. It provides comprehensive port-related services, including stevedoring, berth leasing, port management, storage, and logistics agency services, mainly covering soybeans, dried tapioca, woodchips, maize, and vegetable oils. Geographically, it derives all of its revenue from China.

Executives

Jurong Port Pte Ltd	2201 Interest of corporation controlled by you
Jurong Port Rizhao Holding Pte Ltd	2101 Beneficial owner
Dong Fang Ji Jin Guan Li You Xian Ze Ren Gong Si

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