CIG Shanghai Co (SHSE:603083) ROCE % : 11.99% (As of Sep. 2024)

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What is CIG Shanghai 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. CIG Shanghai Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 11.99%.

CIG Shanghai Co ROCE % Historical Data

The historical data trend for CIG Shanghai 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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CIG Shanghai Co ROCE % Chart

CIG Shanghai Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.53

-14.22

5.36

11.71

6.72

CIG Shanghai 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															-3.69	-2.14	9.19	8.84	11.99

CIG Shanghai Co ROCE % Calculation

CIG Shanghai 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 )
	=	155.037	/	( ( (5231.843 - 3115.468)	+	(4735.919 - 2238.144) )	/ 2 )
	=	155.037	/	( (2116.375	+	2497.775)	/ 2 )
	=	155.037	/	2307.075
	=	6.72 %

CIG Shanghai 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 )
	=	313.956	/	( ( (5149.445 - 2560.854)	+	(4810.199 - 2162.138) )	/ 2 )
	=	313.956	/	( ( 2588.591	+	2648.061 )	/ 2 )
	=	313.956	/	2618.326
	=	11.99 %

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

CIG Shanghai Co (SHSE:603083) 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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CIG Shanghai Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » CIG Shanghai Co Ltd (SHSE:603083) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

2388 Chenhang Road, 5th Floor, Bullding 8, Minhan Disctrict, Shanghai, CHN, 201114

Website

http://www.ci-g.com

CIG Shanghai Co Ltd is an original development manufacturer of the carrier and enterprise-grade customer premise equipment. Its product offerings include wireless network equipment, smart home gateway products, telecom broadband terminals, and other products.

Executives

Hou Wen Chao	senior management
Zhang Jie	Director
Xie Chong	Directors, senior managers
Li Xiong Ying	senior management

CIG Shanghai Co Headlines

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