Investors Will Want Shengfeng Development's (NASDAQ:SFWL) Growth In ROCE To Persist [Yahoo! Finance]
Shengfeng Development Limited - Class A Ordinary Shares (SFWL)
Company Research
Source: Yahoo! Finance
employed (ROCE) and then alongside that, an ever-increasing base of capital employed. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. So when we looked at Shengfeng Development NASDAQ:SFWL ) and its trend of ROCE, we really liked what we saw. Understanding Return On Capital Employed (ROCE) For those who don't know, ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business. To calculate this metric for Shengfeng Development, this is the formula: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.11 = US$14m ÷ (US$266m - US$136m) (Based on the trailing twelve months to December 2023) Thus, Shengfeng Development has an ROCE of 11%. That's a relatively normal return on capital, and it's around the 9.6% generated by the Logistics industry. View our latest analysis for
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SFWL
Sec Filings
- 4/22/24 - Form 20-F/A
- 3/29/24 - Form 20-F
- 2/14/24 - Form SC
- SFWL's page on the SEC website