Shanghai Research Institute of Building Sciences Group Co (SHSE:603153) ROCE % : 2.01% (As of Mar. 2024)

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What is Shanghai Research Institute of Building Sciences 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. Shanghai Research Institute of Building Sciences Group Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 2.01%.

Shanghai Research Institute of Building Sciences Group Co ROCE % Historical Data

The historical data trend for Shanghai Research Institute of Building Sciences 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.

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Shanghai Research Institute of Building Sciences Group Co ROCE % Chart

Shanghai Research Institute of Building Sciences Group Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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14.98

13.68

13.70

12.53

11.62

Shanghai Research Institute of Building Sciences Group Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial									3.32	5.41	9.00	25.72	2.01

Shanghai Research Institute of Building Sciences Group Co ROCE % Calculation

Shanghai Research Institute of Building Sciences 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 )
	=	391.851	/	( ( (4111.704 - 1167.493)	+	(5013.195 - 1210.47) )	/ 2 )
	=	391.851	/	( (2944.211	+	3802.725)	/ 2 )
	=	391.851	/	3373.468
	=	11.62 %

Shanghai Research Institute of Building Sciences 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 )
	=	76.552	/	( ( (5013.195 - 1210.47)	+	(4542.956 - 733.836) )	/ 2 )
	=	76.552	/	( ( 3802.725	+	3809.12 )	/ 2 )
	=	76.552	/	3805.9225
	=	2.01 %

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

Shanghai Research Institute of Building Sciences Group Co (SHSE:603153) 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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Shanghai Research Institute of Building Sciences Group Co (SHSE:603153) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Shanghai Research Institute of Building Sciences Group Co Ltd (SHSE:603153) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 75, Wanping South Road, Xuhui, Shanghai, CHN, 200032

Website

https://www.sribs.com

Shanghai Research Institute of Building Sciences Group Co Ltd is engaged in providing services of engineering consulting, testing and design in building, transportation and the environment. The company is undertaking generic technologies research and development in building, transportation and the environment. SRIBS operates a State Enterprise Research & Development Center, two state engineering test centers, over eight ministry-level R&D platforms, and several standardization committees and service platforms as well. The services of the company include Engineering Consulting, Engineering services, Construction, and Smart manufacturing. The company's Project portfolio includes the Shanghai center tower, the nine-star city, the Pudong football stadium, and others.

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