Xiamen Itg Group (SHSE:600755) ROCE % : 7.63% (As of Mar. 2024)

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What is Xiamen Itg Group 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. Xiamen Itg Group's annualized ROCE % for the quarter that ended in Mar. 2024 was 7.63%.

Xiamen Itg Group ROCE % Historical Data

The historical data trend for Xiamen Itg Group'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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Xiamen Itg Group ROCE % Chart

Xiamen Itg Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.62

11.25

14.06

17.37

8.89

Xiamen Itg Group 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															13.55	13.10	4.83	3.34	7.63

Xiamen Itg Group ROCE % Calculation

Xiamen Itg Group'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 )
	=	3758.742	/	( ( (112982.328 - 72990.649)	+	(113126.799 - 68601.978) )	/ 2 )
	=	3758.742	/	( (39991.679	+	44524.821)	/ 2 )
	=	3758.742	/	42258.25
	=	8.89 %

Xiamen Itg Group'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 )
	=	3584.58	/	( ( (113126.799 - 68601.978)	+	(147818.355 - 98386.415) )	/ 2 )
	=	3584.58	/	( ( 44524.821	+	49431.94 )	/ 2 )
	=	3584.58	/	46978.3805
	=	7.63 %

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

Xiamen Itg Group (SHSE:600755) 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.

Xiamen Itg Group ROCE % Related Terms

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Xiamen Itg Group (SHSE:600755) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Xiamen Itg Group Corp Ltd (SHSE:600755) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Hubin South Road, 8-18th International Trade Building, Fujian, Xiamen, CHN, 361004

Website

http://www.itg.com.cn

Xiamen Itg Group Corp Ltd is engaged in trading a variety of commodities like iron ores, other minerals, coal, steel, paper, textile, chemical products, farm produce, ships, tire, wood, and many others. It is also engaged in the real estate sector.

Executives

Cai Ying Bin	senior management
Fan Dan	senior management
Gao Shao Yong	Director
Wu Yun Xuan	Directors, senior managers
Zhu Da Xin	senior management
Wang Yong Qing	senior management
Yu Li Jie	senior management
Wang Xiao Feng	senior management
Ceng Yuan	senior management
Lu Zheng Jian	senior management
Xu Xiao Xi	Director
Bo Shu Ya	senior management
Xu Qiu Qin	Supervisors
Lin Chen Liang	Director

Xiamen Itg Group (SHSE:600755) Headlines

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