Shenzhen Investment Holdings Bay Area Development Co (HKSE:00737) ROCE % : 12.75% (As of Dec. 2023)

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What is Shenzhen Investment Holdings Bay Area Development 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. Shenzhen Investment Holdings Bay Area Development Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 12.75%.

Shenzhen Investment Holdings Bay Area Development Co ROCE % Historical Data

The historical data trend for Shenzhen Investment Holdings Bay Area Development 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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Shenzhen Investment Holdings Bay Area Development Co ROCE % Chart

Shenzhen Investment Holdings Bay Area Development Co Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.46

10.36

8.08

4.39

9.13

Shenzhen Investment Holdings Bay Area Development Co Quarterly Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															2.80	-	11.02	12.75	8.27

Shenzhen Investment Holdings Bay Area Development Co ROCE % Calculation

Shenzhen Investment Holdings Bay Area Development 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 )
	=	1030.553	/	( ( (13646.306 - 2094.596)	+	(13577.277 - 2551.6) )	/ 2 )
	=	1030.553	/	( (11551.71	+	11025.677)	/ 2 )
	=	1030.553	/	11288.6935
	=	9.13 %

Shenzhen Investment Holdings Bay Area Development Co's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	1378.488	/	( ( (13096.653 - 2496.533)	+	(13577.277 - 2551.6) )	/ 2 )
	=	1378.488	/	( ( 10600.12	+	11025.677 )	/ 2 )
	=	1378.488	/	10812.8985
	=	12.75 %

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

Shenzhen Investment Holdings Bay Area Development Co (HKSE:00737) 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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Shenzhen Investment Holdings Bay Area Development Co (HKSE:00737) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Shenzhen Investment Holdings Bay Area Development Co Ltd (HKSE:00737) » Definitions » ROCE %

Traded in Other Exchanges

SIHBY:USA SHIHF:USA 80737:Hong Kong HHI0:Germany

Address

30 Harbour Road, Rooms 4902-4916, 49th Floor, Sun Hung Kai Centre, Wanchai, Hong Kong, HKG

Website

https://www.sihbay.com

Shenzhen Investment Holdings Bay Area Development Co Ltd is an investment holding company that is engaged in the initiation, promotion, development, and operation of toll expressways and bridges in China. The company manages its business in four segments namely Guangzhou-Shenzhen Superhighway, Guangzhou-Zhuhai West Superhighway, Coastal Expressway, and Xintang Interchange. It generates most of the revenue from the Guangzhou-Shenzhen Superhighway segment.

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