Bondex Supply Chain Management Co (SHSE:603836) ROCE % : 7.76% (As of Mar. 2024)

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What is Bondex Supply Chain Management 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. Bondex Supply Chain Management Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 7.76%.

Bondex Supply Chain Management Co ROCE % Historical Data

The historical data trend for Bondex Supply Chain Management 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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Bondex Supply Chain Management Co ROCE % Chart

Bondex Supply Chain Management Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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22.69

31.20

54.17

22.91

9.92

Bondex Supply Chain Management Co Quarterly Data
	Dec17	Dec18	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															9.09	11.05	5.07	14.43	7.76

Bondex Supply Chain Management Co ROCE % Calculation

Bondex Supply Chain Management 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 )
	=	238.583	/	( ( (3979.347 - 1626.419)	+	(3799.303 - 1340.027) )	/ 2 )
	=	238.583	/	( (2352.928	+	2459.276)	/ 2 )
	=	238.583	/	2406.102
	=	9.92 %

Bondex Supply Chain Management 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 )
	=	191.488	/	( ( (3799.303 - 1340.027)	+	(3866.974 - 1388.729) )	/ 2 )
	=	191.488	/	( ( 2459.276	+	2478.245 )	/ 2 )
	=	191.488	/	2468.7605
	=	7.76 %

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

Bondex Supply Chain Management Co (SHSE:603836) 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.

Bondex Supply Chain Management Co ROCE % Related Terms

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Bondex Supply Chain Management Co (SHSE:603836) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Bondex Supply Chain Management Co Ltd (SHSE:603836) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 6 Shandong Road, Room 1008, 10th Floor, Block B, China Resources Building, Shinan District, Shandong Province, Qingdao, CHN, 266071

Website

http://www.bondex.com.cn

Bondex Supply Chain Management Co Ltd offers logistic services. The service is divided into two categories: general logistics and industry logistics. Under General logistics, it offers a complete range of services including air and sea transport, railway transport, domestic logistics, customs affairs, and others; and under Industry logistics, the company offer tailormade services including door-door delivery, customs affairs management, warehousing and distribution, bonded services and others.

Executives

Wang Xi Ping

Director

Bondex Supply Chain Management Co (SHSE:603836) Headlines

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