CSSC Offshore & Marine Engineering (Group) Co (SHSE:600685) ROCE % : 0.86% (As of Mar. 2024)

View and export this data going back to 1993. Start your Free Trial

What is CSSC Offshore & Marine Engineering (Group) 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. CSSC Offshore & Marine Engineering (Group) Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 0.86%.

CSSC Offshore & Marine Engineering (Group) Co ROCE % Historical Data

The historical data trend for CSSC Offshore & Marine Engineering (Group) 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.

* Premium members only.

CSSC Offshore & Marine Engineering (Group) Co ROCE % Chart

CSSC Offshore & Marine Engineering (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

6.31

17.57

1.13

3.76

0.81

CSSC Offshore & Marine Engineering (Group) 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															-0.48	1.77	0.64	1.25	0.86

CSSC Offshore & Marine Engineering (Group) Co ROCE % Calculation

CSSC Offshore & Marine Engineering (Group) 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 )
	=	187.842	/	( ( (46508.367 - 24361.35)	+	(50862.502 - 26485.601) )	/ 2 )
	=	187.842	/	( (22147.017	+	24376.901)	/ 2 )
	=	187.842	/	23261.959
	=	0.81 %

CSSC Offshore & Marine Engineering (Group) 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 )
	=	217.044	/	( ( (50862.502 - 26485.601)	+	(50839.798 - 24672.374) )	/ 2 )
	=	217.044	/	( ( 24376.901	+	26167.424 )	/ 2 )
	=	217.044	/	25272.1625
	=	0.86 %

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

CSSC Offshore & Marine Engineering (Group) Co (SHSE:600685) 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.

CSSC Offshore & Marine Engineering (Group) Co ROCE % Related Terms

Thank you for viewing the detailed overview of CSSC Offshore & Marine Engineering (Group) Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

CSSC Offshore & Marine Engineering (Group) Co (SHSE:600685) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » CSSC Offshore & Marine Engineering (Group) Co Ltd (SHSE:600685) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

00317:Hong Kong GSZ:Germany

Address

No. 137 Gexin Road, 15th Floor, Marine Tower, Shipping Building, Haizhu District, Guangdong Province, Guangzhou, CHN, 510250

Website

http://comec.cssc.net.cn

CSSC Offshore & Marine Engineering (Group) Co Ltd manufactures military and civil ships and conducts off-shore engineering. The functions of the boats have a wide range, including military, patrol, rescue, and transportation. Multiple subsidiaries allow the company to produce multiple ships and supply customized maintenance for clients. The company operates through three business segments: Shipbuilding and related business, Steel Structure engineering, Ship maintenance and modification, and others.

CSSC Offshore & Marine Engineering (Group) Co (SHSE:600685) Headlines

No Headlines