Dalian Sunasia Tourism Holding Co (SHSE:600593) ROCE % : 9.35% (As of Mar. 2024)

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What is Dalian Sunasia Tourism Holding 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. Dalian Sunasia Tourism Holding Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 9.35%.

Dalian Sunasia Tourism Holding Co ROCE % Historical Data

The historical data trend for Dalian Sunasia Tourism Holding 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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Dalian Sunasia Tourism Holding Co ROCE % Chart

Dalian Sunasia Tourism Holding Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.32

-5.04

-15.96

-6.02

9.52

Dalian Sunasia Tourism Holding 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															6.16	13.22	43.73	-25.58	9.35

Dalian Sunasia Tourism Holding Co ROCE % Calculation

Dalian Sunasia Tourism Holding 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 )
	=	104.081	/	( ( (2042.792 - 979.066)	+	(2121.669 - 998.448) )	/ 2 )
	=	104.081	/	( (1063.726	+	1123.221)	/ 2 )
	=	104.081	/	1093.4735
	=	9.52 %

Dalian Sunasia Tourism Holding 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 )
	=	105.552	/	( ( (2121.669 - 998.448)	+	(2150.761 - 1015.341) )	/ 2 )
	=	105.552	/	( ( 1123.221	+	1135.42 )	/ 2 )
	=	105.552	/	1129.3205
	=	9.35 %

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

Dalian Sunasia Tourism Holding Co (SHSE:600593) 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.

Dalian Sunasia Tourism Holding Co ROCE % Related Terms

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Dalian Sunasia Tourism Holding Co (SHSE:600593) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Dalian Sunasia Tourism Holding Co Ltd (SHSE:600593) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 608-6-8 Zhongshan Road, Shahekou District, Xigang District, Dalian, Liaoning, CHN, 116023

Website

http://www.sunasia.com

Dalian Sunasia Tourism Holding Co Ltd operates in the entertainment industry. It operates theme parks which include aquariums, animal encounters, and other facilities.

Executives

Yang Zi Ping	Director
Xiao Feng	Director
Sun Xiang	senior management
Ding Xia	senior management
Tian Li	senior management
Liu Ming	senior management
Sun Tong	senior management
Wang Shuang Hong	Director
Liu Zhi Liang	Director

Dalian Sunasia Tourism Holding Co (SHSE:600593) Headlines

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