China Enterprises (China Enterprises) ROCE % : -0.87% (As of Dec. 2018)

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What is China Enterprises 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 Enterprises's annualized ROCE % for the quarter that ended in Dec. 2018 was -0.87%.

China Enterprises ROCE % Historical Data

The historical data trend for China Enterprises'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 Enterprises ROCE % Chart

China Enterprises Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

ROCE %

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-0.32

0.73

0.19

1.14

-0.87

China Enterprises Semi-Annual Data
	Dec99	Dec00	Dec01	Dec02	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18
ROCE %	Get a 7-Day Free Trial															-0.32	0.73	0.19	1.14	-0.87

China Enterprises ROCE % Calculation

China Enterprises's annualized ROCE % for the fiscal year that ended in Dec. 2018 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2018 )		(A: Dec. 2017 )		(A: Dec. 2018 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2018 )		(A: Dec. 2017 )		(A: Dec. 2018 )
	=	-0.845	/	( ( (101.221 - 4.537)	+	(100.655 - 4.048) )	/ 2 )
	=	-0.845	/	( (96.684	+	96.607)	/ 2 )
	=	-0.845	/	96.6455
	=	-0.87 %

China Enterprises's ROCE % of for the quarter that ended in Dec. 2018 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2018 )		(Q: Dec. 2017 )		(Q: Dec. 2018 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2018 )		(Q: Dec. 2017 )		(Q: Dec. 2018 )
	=	-0.845	/	( ( (101.221 - 4.537)	+	(100.655 - 4.048) )	/ 2 )
	=	-0.845	/	( ( 96.684	+	96.607 )	/ 2 )
	=	-0.845	/	96.6455
	=	-0.87 %

(1) Note: The EBIT data used here is one times the annual (Dec. 2018) EBIT data.

China Enterprises (OTCPK:CSHEF) 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.

China Enterprises ROCE % Related Terms

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