Orient Group (SHSE:600811) ROCE % : 3.84% (As of Sep. 2024)

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What is Orient Group 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. Orient Group's annualized ROCE % for the quarter that ended in Sep. 2024 was 3.84%.

Orient Group ROCE % Historical Data

The historical data trend for Orient Group'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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Orient Group ROCE % Chart

Orient Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.72

4.72

-2.67

-0.78

-3.55

Orient Group 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															4.36	-25.27	6.33	1.87	3.84

Orient Group ROCE % Calculation

Orient Group'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 )
	=	-814.262	/	( ( (42230.322 - 18783.737)	+	(38013.979 - 15638.305) )	/ 2 )
	=	-814.262	/	( (23446.585	+	22375.674)	/ 2 )
	=	-814.262	/	22911.1295
	=	-3.55 %

Orient Group'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 )
	=	883.572	/	( ( (36242.15 - 14813.155)	+	(35780.77 - 11152.769) )	/ 2 )
	=	883.572	/	( ( 21428.995	+	24628.001 )	/ 2 )
	=	883.572	/	23028.498
	=	3.84 %

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

Orient Group (SHSE:600811) 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.

Orient Group ROCE % Related Terms

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Orient Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Orient Group Inc (SHSE:600811) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 235 Huayuan Street, Nangang District, Harbin, Heilongjiang, CHN, 150001

Website

http://www.china-orient.com

Orient Group Inc operates in various businesses including a sale of grain and oil, construction materials, household decoration materials as well as mining and leasing services. The company is involved in the four major industrial sectors of finance, modern agriculture and health food industry, new urbanization development and port transportation, and its main business is modern agriculture and health food industry.

Executives

Liu Yi	Director
Chi Qing Lin	Supervisors
Guan Guo Liang	Director

Orient Group Headlines

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