Sichuan Road & Bridge Co (SHSE:600039) ROCE % : 9.04% (As of Sep. 2024)

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What is Sichuan Road & Bridge 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. Sichuan Road & Bridge Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 9.04%.

Sichuan Road & Bridge Co ROCE % Historical Data

The historical data trend for Sichuan Road & Bridge 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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Sichuan Road & Bridge Co ROCE % Chart

Sichuan Road & Bridge Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.36

10.37

15.03

18.26

12.73

Sichuan Road & Bridge 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															11.99	7.92	9.66	8.32	9.04

Sichuan Road & Bridge Co ROCE % Calculation

Sichuan Road & Bridge 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 )
	=	13774.507	/	( ( (208327.636 - 108480.52)	+	(240914.763 - 124302.986) )	/ 2 )
	=	13774.507	/	( (99847.116	+	116611.777)	/ 2 )
	=	13774.507	/	108229.4465
	=	12.73 %

Sichuan Road & Bridge 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 )
	=	11202.896	/	( ( (244879.3 - 123388.947)	+	(250709.644 - 124479.482) )	/ 2 )
	=	11202.896	/	( ( 121490.353	+	126230.162 )	/ 2 )
	=	11202.896	/	123860.2575
	=	9.04 %

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

Sichuan Road & Bridge Co (SHSE:600039) 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.

Sichuan Road & Bridge Co ROCE % Related Terms

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Sichuan Road & Bridge Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Sichuan Road & Bridge Co Ltd (SHSE:600039) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 11 Gao Peng Avenue, No. F-59, Science & Technology Industrial Park, High-Tech Zone, Sichuan Province, Chengdu, CHN, 610041

Website

http://www.scrbc.com.cn

Sichuan Road & Bridge Co Ltd is a China-based company engaged in the investigation, design, construction, conservation, and management of highways.

Executives

Huang Wei	Supervisors
Zhu Nian Hong	Director
Zhou Yong	senior management
Zhang Hang Chuan	senior management
Hu Yuan Hua	Director
Li Ji Dong	senior management
Wang Chuan Fu	senior management
Zhang Jian Ming	senior management
Gan Hong	Director
Long Yong	senior management
Feng Qiang Lin	senior management
Yang Ru Gang	Director
Wang Zhong Lin	senior management
Liu De Yong	senior management
Lu Wei	senior management

Sichuan Road & Bridge Co Headlines

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