Shandong Airlines Co (SZSE:200152) ROCE % : -8.46% (As of Mar. 2023)

View and export this data going back to 2000. Start your Free Trial

What is Shandong Airlines 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. Shandong Airlines Co's annualized ROCE % for the quarter that ended in Mar. 2023 was -8.46%.

Shandong Airlines Co ROCE % Historical Data

The historical data trend for Shandong Airlines 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.

* Premium members only.

Shandong Airlines Co ROCE % Chart

Shandong Airlines Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

Get a 7-Day Free Trial

5.53

5.29

-16.33

-6.69

-31.67

Shandong Airlines Co Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
ROCE %	Get a 7-Day Free Trial															-19.65	-30.66	-37.46	-36.88	-8.46

Shandong Airlines Co ROCE % Calculation

Shandong Airlines Co's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-6768.654	/	( ( (39971.001 - 12021.306)	+	(34978.085 - 20179.811) )	/ 2 )
	=	-6768.654	/	( (27949.695	+	14798.274)	/ 2 )
	=	-6768.654	/	21373.9845
	=	-31.67 %

Shandong Airlines Co's ROCE % of for the quarter that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2023 )		(Q: Dec. 2022 )		(Q: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2023 )		(Q: Dec. 2022 )		(Q: Mar. 2023 )
	=	-1242.676	/	( ( (34978.085 - 20179.811)	+	(35046.321 - 20451.864) )	/ 2 )
	=	-1242.676	/	( ( 14798.274	+	14594.457 )	/ 2 )
	=	-1242.676	/	14696.3655
	=	-8.46 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2023) EBIT data.

Shandong Airlines Co (SZSE:200152) 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.

Shandong Airlines Co ROCE % Related Terms

Thank you for viewing the detailed overview of Shandong Airlines Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Shandong Airlines Co (SZSE:200152) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Shandong Airlines Co Ltd (SZSE:200152) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

5746 - East 2nd Ring Road, Shandong Airlines Centre, Shandong, Jinan, CHN, 250014

Website

http://www.sda.cn

Shandong Airlines Co Ltd is mainly engaged in providing passenger and cargo air transport services. The company provides services such as Air Transport Services, Logistics & Freight Forwarding Services, Hotel and Catering Services, as well as Training Services. The business activity of the group is operated through Hong Kong, Macau, Taiwan, and overseas markets. The group derives revenue from the rendering of air services for the carriage of passengers and through royalty.

Shandong Airlines Co (SZSE:200152) Headlines

No Headlines