COSCO SHIPPING Technology Co (SZSE:002401) ROCE % : 8.25% (As of Sep. 2024)

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What is COSCO SHIPPING 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. COSCO SHIPPING Technology Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 8.25%.

COSCO SHIPPING Technology Co ROCE % Historical Data

The historical data trend for COSCO SHIPPING 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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COSCO SHIPPING Technology Co ROCE % Chart

COSCO SHIPPING Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.84

10.53

14.34

14.60

12.74

COSCO SHIPPING Technology 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															20.21	-1.29	14.56	14.47	8.25

COSCO SHIPPING Technology Co ROCE % Calculation

COSCO SHIPPING 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 )
	=	202.175	/	( ( (3134.317 - 1637.641)	+	(3088.35 - 1410.689) )	/ 2 )
	=	202.175	/	( (1496.676	+	1677.661)	/ 2 )
	=	202.175	/	1587.1685
	=	12.74 %

COSCO SHIPPING Technology 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 )
	=	144.192	/	( ( (2591.056 - 858.64)	+	(2596.852 - 833.273) )	/ 2 )
	=	144.192	/	( ( 1732.416	+	1763.579 )	/ 2 )
	=	144.192	/	1747.9975
	=	8.25 %

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

COSCO SHIPPING Technology Co (SZSE:002401) 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.

COSCO SHIPPING Technology Co ROCE % Related Terms

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COSCO SHIPPING Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » COSCO SHIPPING Technology Co Ltd (SZSE:002401) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No 600 Minsheng Road, Shanghai, CHN, 200135

Website

http://www.cnshippingnt.com

COSCO SHIPPING Technology Co Ltd is engaged in intelligent transportation systems, transportation and shipping information, industrial automation, security and security engineering, research and development, sales and marketing of software and hardware products. Its projects include highway network management center system, ETC non-stop toll collection system, highway electromechanical system, and extra-large tunnel.

Executives

Yang Yi Ming	Directors, executives
Zhou Xiao Mei	Executives
Qu Hui	Directors, executives
Zhou Bao Guo	Executives
Zhou Qun	Director
Sun Wen Bin	Executives
Gao Qing	Executives
Song Pei Xin	Supervisors
Quan Jiang Chu	Supervisors
Fan Xiao Ying	Supervisors
Ma Xun	Director
Chen Qiang	Supervisors

COSCO SHIPPING Technology Co Headlines

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