Chien Shing Harbour Service Co (TPE:8367) ROCE % : 3.78% (As of Mar. 2024)

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What is Chien Shing Harbour Service 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. Chien Shing Harbour Service Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 3.78%.

Chien Shing Harbour Service Co ROCE % Historical Data

The historical data trend for Chien Shing Harbour Service 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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Chien Shing Harbour Service Co ROCE % Chart

Chien Shing Harbour Service Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.37

6.53

13.01

4.53

4.28

Chien Shing Harbour Service 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															5.46	3.69	3.61	5.97	3.78

Chien Shing Harbour Service Co ROCE % Calculation

Chien Shing Harbour Service 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 )
	=	507.918	/	( ( (11278.279 - 1261.922)	+	(15176.377 - 1442.67) )	/ 2 )
	=	507.918	/	( (10016.357	+	13733.707)	/ 2 )
	=	507.918	/	11875.032
	=	4.28 %

Chien Shing Harbour Service 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 )
	=	519.32	/	( ( (15176.377 - 1442.67)	+	(15971.973 - 2241.641) )	/ 2 )
	=	519.32	/	( ( 13733.707	+	13730.332 )	/ 2 )
	=	519.32	/	13732.0195
	=	3.78 %

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

Chien Shing Harbour Service Co (TPE:8367) 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.

Chien Shing Harbour Service Co ROCE % Related Terms

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Chien Shing Harbour Service Co (TPE:8367) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Chien Shing Harbour Service Co Ltd (TPE:8367) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 150, Section 9, Taiwan Avenue, Wuqi District, Taichung, TWN, 435

Website

https://www.chienshing.com.tw

Chien Shing Harbour Service Co Ltd is a Taiwan-based shipping company. Its main business activities include warehousing service, operation of gas stations, sale of gasoline and diesel, operation of convenience stores, automobile cargo transportation, automobile container transport, container leasing, operation of the container terminal, customs brokerage, and vessel stevedoring service. The group has four operating segments - The warehousing segment, the Customs brokerage department, the Transportation segment and the Vessel stevedoring segment. The majority is from the vessel stevedoring segment, which is responsible for stevedoring of break bulk cargo for businesses and shipping companies locally and abroad.

Chien Shing Harbour Service Co (TPE:8367) Headlines

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