ANE (Cayman) (HKSE:09956) ROCE % : 17.75% (As of Jun. 2023)

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What is ANE (Cayman) 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. ANE (Cayman)'s annualized ROCE % for the quarter that ended in Jun. 2023 was 17.75%.

ANE (Cayman) ROCE % Historical Data

The historical data trend for ANE (Cayman)'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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ANE (Cayman) ROCE % Chart

ANE (Cayman) Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-84.88

-4.41

18.16

ANE (Cayman) Semi-Annual Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial				38.62	-7.42	-1.33	17.75	19.22

ANE (Cayman) ROCE % Calculation

ANE (Cayman)'s annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-179.702	/	( ( (7757.718 - 3246.87)	+	(6511.818 - 2872.137) )	/ 2 )
	=	-179.702	/	( (4510.848	+	3639.681)	/ 2 )
	=	-179.702	/	4075.2645
	=	-4.41 %

ANE (Cayman)'s ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	647.686	/	( ( (6511.818 - 2872.137)	+	(6206.001 - 2548.829) )	/ 2 )
	=	647.686	/	( ( 3639.681	+	3657.172 )	/ 2 )
	=	647.686	/	3648.4265
	=	17.75 %

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

ANE (Cayman) (HKSE:09956) 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.

ANE (Cayman) ROCE % Related Terms

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ANE (Cayman) (HKSE:09956) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » ANE (Cayman) Inc (HKSE:09956) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

999 Huaxu Road, 8th Floor, Block B, E Linke World North District, Xujing Town, Qingpu District, Shanghai, CHN

Website

https://www.ane56.com

ANE (Cayman) Inc is a express freight network in China's less-than-truckload market. The Company mainly provide transportation services, value-added services and dispatch services to their freight partners, direct customers The company's business has one single operating segment namely provision of transportation and related services.

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