Xinjiang Tianshun Supply Chain Co (SZSE:002800) ROCE % : 5.09% (As of Mar. 2024)

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What is Xinjiang Tianshun Supply Chain 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. Xinjiang Tianshun Supply Chain Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.09%.

Xinjiang Tianshun Supply Chain Co ROCE % Historical Data

The historical data trend for Xinjiang Tianshun Supply Chain 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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Xinjiang Tianshun Supply Chain Co ROCE % Chart

Xinjiang Tianshun Supply Chain Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.26

8.50

12.82

6.18

-2.97

Xinjiang Tianshun Supply Chain 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															7.20	17.77	5.14	-41.67	5.09

Xinjiang Tianshun Supply Chain Co ROCE % Calculation

Xinjiang Tianshun Supply Chain 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 )
	=	-18.198	/	( ( (1108.556 - 499.439)	+	(837.597 - 222.347) )	/ 2 )
	=	-18.198	/	( (609.117	+	615.25)	/ 2 )
	=	-18.198	/	612.1835
	=	-2.97 %

Xinjiang Tianshun Supply Chain 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 )
	=	31.452	/	( ( (837.597 - 222.347)	+	(891.917 - 271.843) )	/ 2 )
	=	31.452	/	( ( 615.25	+	620.074 )	/ 2 )
	=	31.452	/	617.662
	=	5.09 %

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

Xinjiang Tianshun Supply Chain Co (SZSE:002800) 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.

Xinjiang Tianshun Supply Chain Co ROCE % Related Terms

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Xinjiang Tianshun Supply Chain Co (SZSE:002800) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Xinjiang Tianshun Supply Chain Co Ltd (SZSE:002800) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 52, Dalian Street, Urumqi Economic Development Zone, Xinjiang, Urumqi, CHN

Website

http://www.xjtsscm.com

Xinjiang Tianshun Supply Chain Co Ltd is engaged in the multi-modal transportation of bulk cargo and bulk cargo, third-party logistics and public rail transport, and provides supply chain management, logistics park operation, and logistics finance. Its Services include integrated supply chain services including supply chain solution design, logistics, supply chain process management, warehousing, procurement, distribution, logistics and financial services.

Executives

Ma Xin Ping	Executives
Wang Ji Li	Directors, executives
Zhao Su Fei	Supervisors
Gao Xiang	Securities Affairs Representative
Wang Lve	Secretary Dong
Wu Yong	Director

Xinjiang Tianshun Supply Chain Co (SZSE:002800) Headlines

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