Guangdong Great River Smarter Logistics Co (SZSE:002930) ROCE % : 7.08% (As of Mar. 2024)

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What is Guangdong Great River Smarter Logistics 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. Guangdong Great River Smarter Logistics Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 7.08%.

Guangdong Great River Smarter Logistics Co ROCE % Historical Data

The historical data trend for Guangdong Great River Smarter Logistics 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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Guangdong Great River Smarter Logistics Co ROCE % Chart

Guangdong Great River Smarter Logistics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.17

9.29

9.12

8.21

9.44

Guangdong Great River Smarter Logistics 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															10.14	10.87	9.57	6.38	7.08

Guangdong Great River Smarter Logistics Co ROCE % Calculation

Guangdong Great River Smarter Logistics 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 )
	=	682.021	/	( ( (9161.839 - 2543.64)	+	(9468.145 - 1635.045) )	/ 2 )
	=	682.021	/	( (6618.199	+	7833.1)	/ 2 )
	=	682.021	/	7225.6495
	=	9.44 %

Guangdong Great River Smarter Logistics 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 )
	=	579.932	/	( ( (9468.145 - 1635.045)	+	(10162.994 - 1618.84) )	/ 2 )
	=	579.932	/	( ( 7833.1	+	8544.154 )	/ 2 )
	=	579.932	/	8188.627
	=	7.08 %

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

Guangdong Great River Smarter Logistics Co (SZSE:002930) 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.

Guangdong Great River Smarter Logistics Co ROCE % Related Terms

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Guangdong Great River Smarter Logistics Co (SZSE:002930) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Guangdong Great River Smarter Logistics Co Ltd (SZSE:002930) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

South Bank of Danshui Estuary, 3rd Floor, Administrative Building, Sanjiang Company, Shatian Town, Guangdong Province, Dongguan City, CHN, 523000

Website

http://www.grsl.cc

Guangdong Great River Smarter Logistics Co Ltd operates as a logistics company. The firm provides warehouse, loading, unloading, barrel filling, and value-added services for petrochemical products. Its Logistics chain management services include operation of terminals, warehousing, international sea freight forwarding, land international freight forwarding, domestic freight forwarding, and warehousing agents. Its transit and other services mainly include services such as transfer, transfer, direct unloading of ships and ships, and replenishment of ships.

Executives

Lin Hai Chuan	Directors, executives
Gan Yi	Directors, executives
Li Xiao Li	Executives
Huang Yun Tao	Directors, executives
Liu Yan	Supervisors
Zhong Xiao	Supervisors

Guangdong Great River Smarter Logistics Co (SZSE:002930) Headlines

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