Shanghai SMI Holding Co (SHSE:600649) ROCE % : 6.54% (As of Dec. 2024)

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What is Shanghai SMI 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. Shanghai SMI Holding Co's annualized ROCE % for the quarter that ended in Dec. 2024 was 6.54%.

Shanghai SMI Holding Co ROCE % Historical Data

The historical data trend for Shanghai SMI 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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Shanghai SMI Holding Co ROCE % Chart

Shanghai SMI Holding Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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4.14

4.98

4.04

2.12

2.17

Shanghai SMI Holding Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															1.98	1.17	0.41	0.56	6.54

Shanghai SMI Holding Co ROCE % Calculation

Shanghai SMI Holding Co's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	1198.088	/	( ( (77947.559 - 21122.538)	+	(84669.443 - 31234.364) )	/ 2 )
	=	1198.088	/	( (56825.021	+	53435.079)	/ 2 )
	=	1198.088	/	55130.05
	=	2.17 %

Shanghai SMI Holding Co's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	3576.628	/	( ( (82242.222 - 26318.969)	+	(84669.443 - 31234.364) )	/ 2 )
	=	3576.628	/	( ( 55923.253	+	53435.079 )	/ 2 )
	=	3576.628	/	54679.166
	=	6.54 %

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

Shanghai SMI Holding Co (SHSE:600649) 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 SMI Holding Co ROCE % Related Terms

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Shanghai SMI Holding Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Shanghai SMI Holding Co Ltd (SHSE:600649) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No.130, Wusong Road, Hongkou District, Shanghai, CHN, 200125

Website

http://www.sh600649.com

Shanghai SMI Holding Co Ltd is a real estate company. The company is a provider of comprehensive real estate, environmental and venture capital services with impressive core competence in China. Its real estate business includes the development of land, the construction of housing and commercial housing such as office parks, office building, and others. The company's investment business mainly includes direct equity investment such as invests in the listed companies and private equity investment fund management includes PE and urban development funds.

Executives

Wu Shou Pei

Director

Shanghai SMI Holding Co Headlines

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