AVIC Joy Holdings (HK) (HKSE:00260) ROCE % : 0.00% (As of Jun. 2022)

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What is AVIC Joy Holdings (HK) 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. AVIC Joy Holdings (HK)'s annualized ROCE % for the quarter that ended in Jun. 2022 was 0.00%.

AVIC Joy Holdings (HK) ROCE % Historical Data

The historical data trend for AVIC Joy Holdings (HK)'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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AVIC Joy Holdings (HK) ROCE % Chart

AVIC Joy Holdings (HK) Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

ROCE %

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-5.36

-23.08

-33.70

-201.69

AVIC Joy Holdings (HK) Semi-Annual Data
	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22
ROCE %	Get a 7-Day Free Trial															-258.63	-	-	-	-

AVIC Joy Holdings (HK) ROCE % Calculation

AVIC Joy Holdings (HK)'s annualized ROCE % for the fiscal year that ended in Dec. 2021 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	6.185	/	( ( (703.982 - 1252.628)	+	(698.869 - 1309.198) )	/ 2 )
	=	6.185	/	( (-548.646	+	-610.329)	/ 2 )
	=	6.185	/	-579.4875
	=	-1.07 %

AVIC Joy Holdings (HK)'s ROCE % of for the quarter that ended in Jun. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2022 )		(Q: Dec. 2021 )		(Q: Jun. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2022 )		(Q: Dec. 2021 )		(Q: Jun. 2022 )
	=	5.336	/	( ( (698.869 - 1309.198)	+	(685.583 - 327.575) )	/ 2 )
	=	5.336	/	( ( -610.329	+	358.008 )	/ 2 )
	=	5.336	/	-126.1605
	=	0 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2022) EBIT data.

AVIC Joy Holdings (HK) (HKSE:00260) 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.

AVIC Joy Holdings (HK) ROCE % Related Terms

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AVIC Joy Holdings (HK) (HKSE:00260) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » AVIC Joy Holdings (HK) Ltd (HKSE:00260) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Austin Road West, Unit 1905A, Level 19, International Commerce Centre, Kowloon, HKG

Website

http://www.avicjoyhk.com

AVIC Joy Holdings (HK) Ltd is an investment holding company. The company's operating segment includes Management and operation of Light Emitting Diode and Energy Management Contracts; Provision of finance lease and loan services and properties investment; and Provision of land development services and sale of construction materials.

AVIC Joy Holdings (HK) (HKSE:00260) Headlines

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