Shanghai CDXJ Digital Technology Co (SHSE:603887) ROCE % : -0.77% (As of Mar. 2024)

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What is Shanghai CDXJ Digital Technology 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 CDXJ Digital Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -0.77%.

Shanghai CDXJ Digital Technology Co ROCE % Historical Data

The historical data trend for Shanghai CDXJ Digital Technology 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 CDXJ Digital Technology Co ROCE % Chart

Shanghai CDXJ Digital Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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19.02

12.44

-9.66

2.73

-10.01

Shanghai CDXJ Digital Technology 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															2.10	4.26	3.13	-49.74	-0.77

Shanghai CDXJ Digital Technology Co ROCE % Calculation

Shanghai CDXJ Digital Technology 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 )
	=	-502.628	/	( ( (8465.244 - 3253.417)	+	(7381.43 - 2549.811) )	/ 2 )
	=	-502.628	/	( (5211.827	+	4831.619)	/ 2 )
	=	-502.628	/	5021.723
	=	-10.01 %

Shanghai CDXJ Digital Technology 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 )
	=	-37.872	/	( ( (7381.43 - 2549.811)	+	(7331.083 - 2387.76) )	/ 2 )
	=	-37.872	/	( ( 4831.619	+	4943.323 )	/ 2 )
	=	-37.872	/	4887.471
	=	-0.77 %

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

Shanghai CDXJ Digital Technology Co (SHSE:603887) 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 CDXJ Digital Technology Co ROCE % Related Terms

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Shanghai CDXJ Digital Technology Co (SHSE:603887) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Shanghai CDXJ Digital Technology Co Ltd (SHSE:603887) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Heng Wing Road, Lane 518 Zone 1 502-1 B, Jiading District, Shanghai, CHN, 200062

Website

http://www.shcd.cc

Shanghai CDXJ Digital Technology Co Ltd, formerly known as Shanghai Chengdi Construction Corp Ltd is involved in the business of foundation pit, pile foundation engineering, real estate, industrial, municipal, public buildings and other underground spaces in China. Its business mainly includes the construction services related to static press piles, broad piles, cement-soil mixing piles and other foundation work.

Executives

Xie Xiao Dong	Directors, senior managers
Wang Qi	senior management
Chen Wei Min	Director
Zhou Yu Shi	senior management
Xie Shu Dong	Director
Liu Guo Feng	Director

Shanghai CDXJ Digital Technology Co (SHSE:603887) Headlines

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