Minmetals Land (HKSE:00230) ROCE % : -5.12% (As of Dec. 2023)

View and export this data going back to 1991. Start your Free Trial

What is Minmetals Land 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. Minmetals Land's annualized ROCE % for the quarter that ended in Dec. 2023 was -5.12%.

Minmetals Land ROCE % Historical Data

The historical data trend for Minmetals Land'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.

* Premium members only.

Minmetals Land ROCE % Chart

Minmetals Land Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

8.32

2.73

3.22

-2.44

2.09

Minmetals Land Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															2.94	1.81	-6.91	7.92	-5.12

Minmetals Land ROCE % Calculation

Minmetals Land'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 )
	=	600.979	/	( ( (67387.025 - 32821.827)	+	(53575.153 - 30697.266) )	/ 2 )
	=	600.979	/	( (34565.198	+	22877.887)	/ 2 )
	=	600.979	/	28721.5425
	=	2.09 %

Minmetals Land's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-1350.352	/	( ( (59550.821 - 29645.693)	+	(53575.153 - 30697.266) )	/ 2 )
	=	-1350.352	/	( ( 29905.128	+	22877.887 )	/ 2 )
	=	-1350.352	/	26391.5075
	=	-5.12 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Minmetals Land (HKSE:00230) 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.

Minmetals Land ROCE % Related Terms

Thank you for viewing the detailed overview of Minmetals Land's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Minmetals Land (HKSE:00230) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Minmetals Land Ltd (HKSE:00230) » Definitions » ROCE %

Traded in Other Exchanges

ONF:Germany

Address

79 Chatham Road South, 18th Floor, China Minmetals Tower, Tsimshatsui, Kowloon, Hong Kong, HKG

Website

https://www.minmetalsland.com

Minmetals Land Ltd is a Hong Kong-based investment holding company. It is principally engaged in real estate development, specialised construction, property investment, and securities investment. The firm has four operating segments which are Real estate development, Specialised construction, Property investment, and Securities investment. Its real estate development business, which is the key revenue-generating segment, covers the development and sales of residential and commercial properties. The group operates in Hong Kong and Mainland China, of which a majority of revenue is derived from Mainland China.

Minmetals Land (HKSE:00230) Headlines

No Headlines