Xiandai Investment Co (SZSE:000900) ROCE % : 5.65% (As of Mar. 2024)

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What is Xiandai Investment 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. Xiandai Investment Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.65%.

Xiandai Investment Co ROCE % Historical Data

The historical data trend for Xiandai Investment 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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Xiandai Investment Co ROCE % Chart

Xiandai Investment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.44

6.78

6.00

5.39

5.09

Xiandai Investment 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															5.60	4.74	5.55	4.48	5.65

Xiandai Investment Co ROCE % Calculation

Xiandai Investment 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 )
	=	1879.754	/	( ( (57907.002 - 20374.289)	+	(56818.999 - 20506.638) )	/ 2 )
	=	1879.754	/	( (37532.713	+	36312.361)	/ 2 )
	=	1879.754	/	36922.537
	=	5.09 %

Xiandai Investment 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 )
	=	2063.132	/	( ( (56818.999 - 20506.638)	+	(58607.409 - 21885.163) )	/ 2 )
	=	2063.132	/	( ( 36312.361	+	36722.246 )	/ 2 )
	=	2063.132	/	36517.3035
	=	5.65 %

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

Xiandai Investment Co (SZSE:000900) 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.

Xiandai Investment Co ROCE % Related Terms

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Xiandai Investment Co (SZSE:000900) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Xiandai Investment Co Ltd (SZSE:000900) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Furong South Road, Modern Plaza, No. 128, Section 2, Tianxin District, Hunan, Changsha, CHN, 410004

Website

http://www.xdtz.net

Xiandai Investment Co Ltd constructs operates and manages highway in China. The company is also involved in futures trading, finance investment and real estate activities.

Executives

Chen Min	Supervisors
Du Ming Hui	Executives
Yuan Yu	Director
Yan Ru Yi	Executives
Bao Qun	Director
Zhang Ning	Executives
Liu Zhong	Supervisors
Ma Yu Guo	Secretary Dong
Jin Yong	Director
Xiao He Sheng	Supervisors
Liu Gui Liang	Director
Song Wei Jie	Director
Liu Yu Xin	Executives
Tian Ying Ming	Supervisors
Liu Chu Ping	Directors, executives

Xiandai Investment Co (SZSE:000900) Headlines

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