Chinese Maritime Transport (TPE:2612) ROCE % : 5.08% (As of Sep. 2024)

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What is Chinese Maritime Transport 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. Chinese Maritime Transport's annualized ROCE % for the quarter that ended in Sep. 2024 was 5.08%.

Chinese Maritime Transport ROCE % Historical Data

The historical data trend for Chinese Maritime Transport'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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Chinese Maritime Transport ROCE % Chart

Chinese Maritime Transport Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.52

3.00

7.59

6.02

4.41

Chinese Maritime Transport 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															3.90	3.66	4.94	6.15	5.08

Chinese Maritime Transport ROCE % Calculation

Chinese Maritime Transport'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 )
	=	800.507	/	( ( (20450.968 - 3290.406)	+	(23413.668 - 4283.549) )	/ 2 )
	=	800.507	/	( (17160.562	+	19130.119)	/ 2 )
	=	800.507	/	18145.3405
	=	4.41 %

Chinese Maritime Transport'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 )
	=	1087.792	/	( ( (27710.125 - 4653.044)	+	(26813.184 - 7041.218) )	/ 2 )
	=	1087.792	/	( ( 23057.081	+	19771.966 )	/ 2 )
	=	1087.792	/	21414.5235
	=	5.08 %

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

Chinese Maritime Transport (TPE:2612) 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.

Chinese Maritime Transport ROCE % Related Terms

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Chinese Maritime Transport Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Chinese Maritime Transport Ltd (TPE:2612) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 15, Jinan Road, 4th Floor, Section 1, Chinese Maritime Building, Taipei, TWN, 10051

Website

https://www.cmt.tw

Chinese Maritime Transport Ltd provides goods transportation services. The company provides container transportation, warehousing and freight agents for Saudi Arabian Airlines. It generates maximum revenue from container hauling and logistics. The company operates in three segments: Land Transportation and Logistics, and Sea Transportation. The Land Transportation and Logistics segment is involved in container transportation, warehousing, and freight agent businesses. On the other hand, the Sea Transportation segment is engaged in bulk carrier business. The company generates the majority of its revenue from its Shipping department. The company generates its revenue from Asia, America, Europe, and Oceania.

Chinese Maritime Transport Headlines

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