Shanghai Construction Group Co (SHSE:600170) ROCE % : 11.40% (As of Sep. 2024)

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What is Shanghai Construction Group 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. Shanghai Construction Group Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 11.40%.

Shanghai Construction Group Co ROCE % Historical Data

The historical data trend for Shanghai Construction Group 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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Shanghai Construction Group Co ROCE % Chart

Shanghai Construction Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.14

7.27

7.78

4.98

2.15

Shanghai Construction Group 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															5.07	-6.20	4.57	-1.02	11.40

Shanghai Construction Group Co ROCE % Calculation

Shanghai Construction Group 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 )
	=	2531.63	/	( ( (366803.619 - 248452.02)	+	(382077.659 - 265104.546) )	/ 2 )
	=	2531.63	/	( (118351.599	+	116973.113)	/ 2 )
	=	2531.63	/	117662.356
	=	2.15 %

Shanghai Construction Group 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 )
	=	13019.144	/	( ( (359954.441 - 243778.809)	+	(362268.108 - 250106.916) )	/ 2 )
	=	13019.144	/	( ( 116175.632	+	112161.192 )	/ 2 )
	=	13019.144	/	114168.412
	=	11.40 %

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

Shanghai Construction Group Co (SHSE:600170) 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.

Shanghai Construction Group Co ROCE % Related Terms

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Shanghai Construction Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Shanghai Construction Group Co Ltd (SHSE:600170) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 666, Dongdaming Road, Hongkou District, Shanghai, CHN, 200080

Website

https://www.scg.com.cn

Shanghai Construction Group Co Ltd is a China-based company engaged in the construction business, with real estate development and urban construction investment business. It engages in contracting, design, construction, consulting and production, operation, and sale of supporting equipment, materials, and components for all types of construction projects at home and abroad.

Executives

Zhou Jun	senior management
Yin Ke Ding	senior management
Lu Feng	senior management
Wang Zhi Gang	senior management
Chen Xiao Ming	senior management
Xue Yong Shen	senior management
Ye Wei Dong	Directors, senior managers
Cai Guo Qiang	senior management
Xu Jian Dong	senior management
Bian Jia Jun	Director
Gong Jian	senior management
Fang Qing Qiang	Directors, senior managers
Lin Jin Sheng	senior management
Tang Wei	senior management
Zhu Zhong Ming	senior management

Shanghai Construction Group Co Headlines

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