China Merchants Energy Shipping Co (SHSE:601872) ROCE % : 13.73% (As of Mar. 2024)

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What is China Merchants Energy Shipping 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. China Merchants Energy Shipping Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 13.73%.

China Merchants Energy Shipping Co ROCE % Historical Data

The historical data trend for China Merchants Energy Shipping 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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China Merchants Energy Shipping Co ROCE % Chart

China Merchants Energy Shipping Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.56

8.15

10.28

13.30

12.58

China Merchants Energy Shipping 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															11.17	15.91	10.83	13.39	13.73

China Merchants Energy Shipping Co ROCE % Calculation

China Merchants Energy Shipping 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 )
	=	6690.588	/	( ( (65473.822 - 8968.44)	+	(62394.662 - 12527.204) )	/ 2 )
	=	6690.588	/	( (56505.382	+	49867.458)	/ 2 )
	=	6690.588	/	53186.42
	=	12.58 %

China Merchants Energy Shipping 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 )
	=	6949.216	/	( ( (62394.662 - 12527.204)	+	(63572.256 - 12186.012) )	/ 2 )
	=	6949.216	/	( ( 49867.458	+	51386.244 )	/ 2 )
	=	6949.216	/	50626.851
	=	13.73 %

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

China Merchants Energy Shipping Co (SHSE:601872) 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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China Merchants Energy Shipping Co (SHSE:601872) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » China Merchants Energy Shipping Co Ltd (SHSE:601872) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 9 Zhongshan East 1st Road, Shanghai, Shanghai, CHN, 200002

Website

http://www.cmenergyshipping.com

China Merchants Energy Shipping Co Ltd is a China-based company engages in the tanker transportation, bulk cargo vessel transportation and liquid natural gas (LNG) vessel transportation. It provides a full range of energy transportation services running a large diversity of vessels, including crude oil tankers, dry bulk carriers, and LNG carriers. It provides services to the customers from China, Japan, Korea, Southeast Asia and the United States and other countries.

Executives

Hu Bin	senior management
Deng Wei Dong	Director
Wang Yong Xin	Directors, senior managers
Xu Hui	senior management
Kong Kang	senior management
Yan Wu Shan	senior management
Su Xin Gang	Director
Ding Lei	senior management
Xie Chun Lin	Director
Song De Xing	Director
Lv Sheng Zhou	Director

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