Hichain Logistics Co (SZSE:300873) ROCE % : 10.61% (As of Sep. 2024)

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What is Hichain Logistics 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. Hichain Logistics Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 10.61%.

Hichain Logistics Co ROCE % Historical Data

The historical data trend for Hichain Logistics 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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Hichain Logistics Co ROCE % Chart

Hichain Logistics Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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23.52

18.40

18.64

17.12

10.36

Hichain Logistics 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															6.52	9.13	9.33	14.41	10.61

Hichain Logistics Co ROCE % Calculation

Hichain Logistics 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 )
	=	319.711	/	( ( (3713.807 - 691.734)	+	(4238.132 - 1086.455) )	/ 2 )
	=	319.711	/	( (3022.073	+	3151.677)	/ 2 )
	=	319.711	/	3086.875
	=	10.36 %

Hichain Logistics 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 )
	=	348.42	/	( ( (4339.241 - 1121.048)	+	(4448.534 - 1100.904) )	/ 2 )
	=	348.42	/	( ( 3218.193	+	3347.63 )	/ 2 )
	=	348.42	/	3282.9115
	=	10.61 %

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

Hichain Logistics Co (SZSE:300873) 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.

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Hichain Logistics Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Hichain Logistics Co Ltd (SZSE:300873) » Definitions » ROCE %

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Address

111 Quanhai Road, Wujiang Economic and Technological Development Zone, Jiangsu Province, Suzhou, CHN, 215200

Website

http://www.hichain.com

Hichain Logistics Co Ltd is a provider of all-round and integrated modern integrated logistics services for related enterprises in the electronic information industry. The company provides comprehensive logistics solutions integrating transportation, warehousing, customs and other value-added services for technology manufacturing enterprises. Its services include Road Transportation; Intelligent Warehousing; Customs Brokerage; Integrated Zone Service; and International Freight Forwarding.

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