Changan Minsheng APLL Logistics Co (HKSE:01292) ROCE % : 4.15% (As of Dec. 2023)

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What is Changan Minsheng APLL 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. Changan Minsheng APLL Logistics Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 4.15%.

Changan Minsheng APLL Logistics Co ROCE % Historical Data

The historical data trend for Changan Minsheng APLL 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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Changan Minsheng APLL Logistics Co ROCE % Chart

Changan Minsheng APLL Logistics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-1.31

1.43

3.16

3.18

3.81

Changan Minsheng APLL Logistics Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															3.75	2.99	3.57	3.48	4.15

Changan Minsheng APLL Logistics Co ROCE % Calculation

Changan Minsheng APLL 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 )
	=	101.148	/	( ( (5489.401 - 2855.798)	+	(5659.663 - 2985.515) )	/ 2 )
	=	101.148	/	( (2633.603	+	2674.148)	/ 2 )
	=	101.148	/	2653.8755
	=	3.81 %

Changan Minsheng APLL Logistics 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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	110.446	/	( ( (5882.623 - 3239.395)	+	(5659.663 - 2985.515) )	/ 2 )
	=	110.446	/	( ( 2643.228	+	2674.148 )	/ 2 )
	=	110.446	/	2658.688
	=	4.15 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Changan Minsheng APLL Logistics Co (HKSE:01292) 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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Changan Minsheng APLL Logistics Co (HKSE:01292) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Changan Minsheng APLL Logistics Co Ltd (HKSE:01292) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

W8R:Germany

Address

No. 1881, Jinkai Road, Yubei District, Chongqing, CHN, 401122

Website

https://www.camsl.com

Changan Minsheng APLL Logistics Co Ltd is a China-based logistics provider. Along with its subsidiaries, e the rendering of transportation services for finished vehicles, supply chain management services for automobile raw materials, components, and parts, transportation services for non-automobile commodities, the sale of packaging materials, and the processing of tires. It principally has its business presence in PRC.

Executives

Apl Logistics Ltd	2101 Beneficial owner
Apl Logistics Ltd.	2101 Beneficial owner
Zhong Guo Chang An Qi Che Ji Tuan Gu Fen You Xian Gong Si	2101 Beneficial owner

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