Xiamen Xiangyu Co (SHSE:600057) ROCE % : 8.56% (As of Mar. 2024)

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What is Xiamen Xiangyu 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. Xiamen Xiangyu Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 8.56%.

Xiamen Xiangyu Co ROCE % Historical Data

The historical data trend for Xiamen Xiangyu 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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Xiamen Xiangyu Co ROCE % Chart

Xiamen Xiangyu Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.00

11.06

14.11

15.76

9.77

Xiamen Xiangyu 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															11.88	8.09	8.94	9.56	8.56

Xiamen Xiangyu Co ROCE % Calculation

Xiamen Xiangyu 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 )
	=	4192.288	/	( ( (115119.207 - 70972.106)	+	(129705.187 - 88012.862) )	/ 2 )
	=	4192.288	/	( (44147.101	+	41692.325)	/ 2 )
	=	4192.288	/	42919.713
	=	9.77 %

Xiamen Xiangyu 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 )
	=	3659.036	/	( ( (129705.187 - 88012.862)	+	(133669.166 - 89919.899) )	/ 2 )
	=	3659.036	/	( ( 41692.325	+	43749.267 )	/ 2 )
	=	3659.036	/	42720.796
	=	8.56 %

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

Xiamen Xiangyu Co (SHSE:600057) 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.

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Xiamen Xiangyu Co (SHSE:600057) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Xiamen Xiangyu Co Ltd (SHSE:600057) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2F, Yinsheng Mansion, No.21 Xiangxing Forth Road, Free Trade Zone, Modern Logistic, Xiamen, Fujian, CHN, 361006

Website

http://www.xiangyu.cn

Xiamen Xiangyu Co Ltd provides supply chain and circulation services in the People's Republic of China. It supplies plastic chemicals, agricultural products, metallic ores, forest products, and mechanical and electrical products. The company also offers various integrated logistics services comprising the international purchase and distribution, international multimodal transport, domestic door-to-door logistics and financial logistics.

Xiamen Xiangyu Co (SHSE:600057) Headlines

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