Jinzhou Portco Co (SHSE:900952) ROCE % : -48.22% (As of Sep. 2024)

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What is Jinzhou Portco 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. Jinzhou Portco Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -48.22%.

Jinzhou Portco Co ROCE % Historical Data

The historical data trend for Jinzhou Portco 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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Jinzhou Portco Co ROCE % Chart

Jinzhou Portco Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.19

7.01

5.52

5.67

5.23

Jinzhou Portco 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															4.04	5.77	5.89	-48.69	-48.22

Jinzhou Portco Co ROCE % Calculation

Jinzhou Portco 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 )
	=	72.759	/	( ( (2535.265 - 1098.129)	+	(2410.14 - 1064.797) )	/ 2 )
	=	72.759	/	( (1437.136	+	1345.343)	/ 2 )
	=	72.759	/	1391.2395
	=	5.23 %

Jinzhou Portco 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 )
	=	-498.044	/	( ( (2177.069 - 1100.231)	+	(2058.82 - 1069.896) )	/ 2 )
	=	-498.044	/	( ( 1076.838	+	988.924 )	/ 2 )
	=	-498.044	/	1032.881
	=	-48.22 %

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

Jinzhou Portco Co (SHSE:900952) 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.

Jinzhou Portco Co ROCE % Related Terms

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Jinzhou Portco Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Jinzhou Portco Co Ltd (SHSE:900952) » Definitions » ROCE %

Traded in Other Exchanges

600190:China

Address

No.1, Section 1, Jingang Street, Economic and Technological Development Zone, Liaoning Province, Jinzhou, CHN, 121007

Website

http://www.jinzhouport.com

Jinzhou Portco Co Ltd in China operates a port hub mainly for oil and chemical transportation, container transportation, and cargo transportation. It holds around 24 berths, including 250,000 tons of oil berths, 100,000 tons of bulk cargo berths and 100,000 tons of container-specific berths. Oil, grain, mineral powder, coal, steel, fertilizer and domestic trade containers are the main sources of supply for the company. It serves china's north and south and holds a navigation relationship with more than 100 countries and regions such as Asia, Europe, Oceania, America, and Africa.

Jinzhou Portco Co Headlines

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