Shanghai Zhangjiang Hi-tech Park Development Co (SHSE:600895) ROCE % : 3.35% (As of Mar. 2024)

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What is Shanghai Zhangjiang Hi-tech Park Development 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 Zhangjiang Hi-tech Park Development Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 3.35%.

Shanghai Zhangjiang Hi-tech Park Development Co ROCE % Historical Data

The historical data trend for Shanghai Zhangjiang Hi-tech Park Development 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 Zhangjiang Hi-tech Park Development Co ROCE % Chart

Shanghai Zhangjiang Hi-tech Park Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.34

13.00

5.16

4.94

5.72

Shanghai Zhangjiang Hi-tech Park Development 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															4.72	4.42	7.45	4.05	3.35

Shanghai Zhangjiang Hi-tech Park Development Co ROCE % Calculation

Shanghai Zhangjiang Hi-tech Park Development 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 )
	=	1827.209	/	( ( (42727.234 - 14090.374)	+	(51004.632 - 15760.612) )	/ 2 )
	=	1827.209	/	( (28636.86	+	35244.02)	/ 2 )
	=	1827.209	/	31940.44
	=	5.72 %

Shanghai Zhangjiang Hi-tech Park Development 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 )
	=	1185.872	/	( ( (51004.632 - 15760.612)	+	(52213.005 - 16557.253) )	/ 2 )
	=	1185.872	/	( ( 35244.02	+	35655.752 )	/ 2 )
	=	1185.872	/	35449.886
	=	3.35 %

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

Shanghai Zhangjiang Hi-tech Park Development Co (SHSE:600895) 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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Shanghai Zhangjiang Hi-tech Park Development Co (SHSE:600895) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Shanghai Zhangjiang Hi-tech Park Development Co Ltd (SHSE:600895) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

560 Songtao Road, 8 / F, Zhangjiang Building, Pudong New Area, Shanghai, CHN, 201203

Website

http://www.600895.com

Shanghai Zhangjiang Hi-tech Park Development Co Ltd is a China-based firm engaged in the industrial real estate. It provides property development, property leasing, and communication services. It mostly focuses on the development and operation of high-tech parks.

Executives

Guo Kai	senior management
Hu Jian Qiu	Director
Lu Ying	senior management
Jin Ya Zhen	senior management
Huang Jun	senior management
Zheng Gang	senior management
Ge Pei Jian	Director
Zhu Pan	senior management
Zhu Hui	senior management
Gu Xue Li	senior management
Gu Yi Wei	senior management
Lv Shang Qing	Supervisors
Xu Chao	senior management
Yang Jun	senior management
Lu Yi Hao	senior management

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