Beijing North Star Co (FRA:BJ3) ROCE % : 1.32% (As of Mar. 2024)

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What is Beijing North Star 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. Beijing North Star Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 1.32%.

Beijing North Star Co ROCE % Historical Data

The historical data trend for Beijing North Star 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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Beijing North Star Co ROCE % Chart

Beijing North Star Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.76

3.63

3.08

-1.36

3.53

Beijing North Star 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															3.43	2.24	3.13	4.89	1.32

Beijing North Star Co ROCE % Calculation

Beijing North Star 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 )
	=	167.773	/	( ( (9110.049 - 4245.857)	+	(7220.87 - 2576.041) )	/ 2 )
	=	167.773	/	( (4864.192	+	4644.829)	/ 2 )
	=	167.773	/	4754.5105
	=	3.53 %

Beijing North Star 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 )
	=	60.984	/	( ( (7220.87 - 2576.041)	+	(6939.732 - 2373.009) )	/ 2 )
	=	60.984	/	( ( 4644.829	+	4566.723 )	/ 2 )
	=	60.984	/	4605.776
	=	1.32 %

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

Beijing North Star Co (FRA:BJ3) 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.

Beijing North Star Co ROCE % Related Terms

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Beijing North Star Co (FRA:BJ3) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Beijing North Star Co Ltd (FRA:BJ3) » Definitions » ROCE %

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BEIJF:USA 00588:Hong Kong 601588:China

Address

No. 8 Bei Chen Dong Road, 12th Floor, Tower A, Hui Xin Building, Chao Yang District, Beijing, CHN, 100101

Website

https://www.beijingns.com.cn

Beijing North Star Co Ltd is a company that is principally engaged in property leasing, development properties, investment properties (including hotels), and commercial properties. Its development properties are located in Beijing and Changsha, Wuhan, and consist of the development and sales of houses, apartments, villas, and offices of different classes and features that provide for commercial purposes. The investment properties involve convention, hotel, office, and apartment businesses. The company's commercial properties include Shopping Centres. It operates through three business segments namely Real estate development; hotel and other. All the company's revenue is derived from China.

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