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Simply Wall St

Simply Wall St

Shengfeng Development's ROCE is 8.5%, so it's good to see it's heading in the right direction

Simply Wall St
Summary
Nutrition label

79% Informative

Shengfeng Development (NASDAQ:SFWL) has a low return on capital employed (ROCE) of 8.5% In absolute terms, that's a low but it's around the Logistics industry average of 9.5% . The company's current liabilities are still rather high at 46% of total assets.

This effectively means that short-term creditors are funding a large portion of the business.