China Master Logistics Co (SHSE:603967) ROCE % : 16.75% (As of Sep. 2024)

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What is China Master Logistics 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. China Master Logistics Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 16.75%.

China Master Logistics Co ROCE % Historical Data

The historical data trend for China Master Logistics 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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China Master Logistics Co ROCE % Chart

China Master Logistics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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19.79

12.10

13.88

15.14

14.57

China Master Logistics 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															13.90	15.11	15.26	16.59	16.75

China Master Logistics Co ROCE % Calculation

China Master Logistics 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 )
	=	386.193	/	( ( (3807.562 - 1175.846)	+	(3809.862 - 1141.9) )	/ 2 )
	=	386.193	/	( (2631.716	+	2667.962)	/ 2 )
	=	386.193	/	2649.839
	=	14.57 %

China Master Logistics 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 )
	=	460.52	/	( ( (4362.077 - 1670.036)	+	(4224.314 - 1418.283) )	/ 2 )
	=	460.52	/	( ( 2692.041	+	2806.031 )	/ 2 )
	=	460.52	/	2749.036
	=	16.75 %

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

China Master Logistics Co (SHSE:603967) 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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China Master Logistics Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » China Master Logistics Co Ltd (SHSE:603967) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.169 ShenZhen Road, 23rd Floor, Zhongchuang Building, Laoshan District, Shandong, Qingdao, CHN, 266061

Website

http://www.cmlog.com

China Master Logistics Co Ltd is an integrated logistics company. The business of company mainly covers freight forwarding, CFS services, shipping agency, coastal transportation, project logistics, commodity Logistics and other areas with the service network covering the major ports such as Ningbo, Lianyungang, Rizhao, Rongcheng, Qingdao and others.

Executives

Zhang Pei Cheng	Supervisors
Chu Xu Ri	senior management
Liu Qing	Directors, senior managers
Gao Bing	senior management
Li Song Qing	Director
Ge Yan Hua	Director
Xie Li Jun	Director
Leng Xian Shun	Director
Li Wen Guang	Supervisors

China Master Logistics Co Headlines

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