Xingtong Shipping Co (SHSE:603209) ROCE % : 11.34% (As of Dec. 2024)

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What is Xingtong Shipping 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. Xingtong Shipping Co's annualized ROCE % for the quarter that ended in Dec. 2024 was 11.34%.

Xingtong Shipping Co ROCE % Historical Data

The historical data trend for Xingtong Shipping 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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Xingtong Shipping Co ROCE % Chart

Xingtong Shipping Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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29.12

27.75

15.70

12.71

14.20

Xingtong Shipping Co Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial														13.37	13.41	14.73	17.92	11.34

Xingtong Shipping Co ROCE % Calculation

Xingtong Shipping 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 )
	=	490.634	/	( ( (3798.789 - 570.125)	+	(4360.442 - 678.934) )	/ 2 )
	=	490.634	/	( (3228.664	+	3681.508)	/ 2 )
	=	490.634	/	3455.086
	=	14.20 %

Xingtong Shipping 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 )
	=	411.304	/	( ( (4236.361 - 661.734)	+	(4360.442 - 678.934) )	/ 2 )
	=	411.304	/	( ( 3574.627	+	3681.508 )	/ 2 )
	=	411.304	/	3628.0675
	=	11.34 %

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

Xingtong Shipping Co (SHSE:603209) 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.

Xingtong Shipping Co ROCE % Related Terms

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Xingtong Shipping Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Xingtong Shipping Co Ltd (SHSE:603209) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 295, Yifeng East Road, Floor 8-9, Xingtong Marine Building, Quangang District, Fujian Province, Quanzhou City, CHN, 362800

Website

http://www.xtshipping.net

Xingtong Shipping Co Ltd is engaged in the water transportation of domestic coastal bulk liquid dangerous goods.

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