STO Express Co (SZSE:002468) ROCE % : 9.13% (As of Sep. 2024)

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What is STO Express 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. STO Express Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 9.13%.

STO Express Co ROCE % Historical Data

The historical data trend for STO Express 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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STO Express Co ROCE % Chart

STO Express Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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20.92

1.87

-7.96

5.01

4.53

STO Express 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															0.69	5.90	8.70	10.32	9.13

STO Express Co ROCE % Calculation

STO Express 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 )
	=	543.735	/	( ( (20332.145 - 9022.656)	+	(22749.67 - 10076.71) )	/ 2 )
	=	543.735	/	( (11309.489	+	12672.96)	/ 2 )
	=	543.735	/	11991.2245
	=	4.53 %

STO Express 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 )
	=	1205.784	/	( ( (23824.799 - 10725.451)	+	(24463.626 - 11139.06) )	/ 2 )
	=	1205.784	/	( ( 13099.348	+	13324.566 )	/ 2 )
	=	1205.784	/	13211.957
	=	9.13 %

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

STO Express Co (SZSE:002468) 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.

STO Express Co ROCE % Related Terms

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STO Express Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » STO Express Co Ltd (SZSE:002468) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 25, Lane 6598, Beiqing Road, Yibang International Office Building, Qingpu District, Shanghai, CHN, 201706

Website

http://www.sto.cn

STO Express is one of the "Tongdas," which refers to the top four national express delivery companies that adopt the network partner model. Tongdas provide line-haul transportation, sorting, and waybill services to its network partners for fees, while its local network partners provide first-mile pickup and last-mile delivery services under the Tongdas' brands and collect the payments. STO was founded in 1993 by Nie Tengfei, who passed away in 1998. His widow Chen Xiaoying's brother, Chen Dejun is now the chairman. The family held over 34% of the company as of Sept. 30, 2024. STO's strategic shareholder is Cainiao Smart Logistics Network, with a 25% stake. Alibaba can exercise its share options to purchase additional 21% of STO from the family before Dec. 27, 2025, at CNY 16.50 per share.

Executives

Xiong Da Hai	Executives
Chen De Jun	Directors, executives
Qiu Cheng	Supervisors
Chen Xu	Executives
Luo Rong	Securities Affairs Representative

STO Express Co Headlines

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