Guangshen Railway Co (Guangshen Railway Co) ROCE % : 10.64% (As of Mar. 2024)

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What is Guangshen Railway 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. Guangshen Railway Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 10.64%.

Guangshen Railway Co ROCE % Historical Data

The historical data trend for Guangshen Railway 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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Guangshen Railway Co ROCE % Chart

Guangshen Railway Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.49

-2.18

-4.06

-8.51

5.16

Guangshen Railway 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															8.36	5.51	6.76	0.01	10.64

Guangshen Railway Co ROCE % Calculation

Guangshen Railway 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 )
	=	209.734	/	( ( (5313.105 - 1274.787)	+	(5214.832 - 1123.532) )	/ 2 )
	=	209.734	/	( (4038.318	+	4091.3)	/ 2 )
	=	209.734	/	4064.809
	=	5.16 %

Guangshen Railway 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 )
	=	438.252	/	( ( (5214.832 - 1123.532)	+	(5213.013 - 1064.646) )	/ 2 )
	=	438.252	/	( ( 4091.3	+	4148.367 )	/ 2 )
	=	438.252	/	4119.8335
	=	10.64 %

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

Guangshen Railway Co (OTCPK:GNGYF) 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.

Guangshen Railway Co ROCE % Related Terms

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Guangshen Railway Co (Guangshen Railway Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Guangshen Railway Co Ltd (OTCPK:GNGYF) » Definitions » ROCE %

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Traded in Other Exchanges

00525:Hong Kong GRCH:Germany 601333:China

Address

No. 1052, Heping Road, Guangdong Province, Luohu District, Shenzhen, CHN, 518010

Website

https://www.gsrc.com

Guangshen Railway Co Ltd is one of the key railway operators in southern China's relatively prosperous Guangdong province. It provides both passenger and freight transportation through its wholly owned Guangzhou Shenzhen intercity express rail line and Guangzhou Pingshi rail line, as well as a few long-distance passenger lines. Its operating segment includes The Railway Transportation Business and others. The majority of revenue is generated from the railway transportation business segment.

Guangshen Railway Co (Guangshen Railway Co) Headlines

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