Shimao Group Holdings (HKSE:00813) ROCE % : -13.42% (As of Dec. 2023)

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What is Shimao Group Holdings 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. Shimao Group Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was -13.42%.

Shimao Group Holdings ROCE % Historical Data

The historical data trend for Shimao Group Holdings'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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Shimao Group Holdings ROCE % Chart

Shimao Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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14.22

15.26

-6.16

-4.97

-10.64

Shimao Group Holdings 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															-24.62	-1.88	-10.01	-7.08	-13.42

Shimao Group Holdings ROCE % Calculation

Shimao Group Holdings'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 )
	=	-17312.405	/	( ( (688131.825 - 497528.184)	+	(594195.812 - 459241.049) )	/ 2 )
	=	-17312.405	/	( (190603.641	+	134954.763)	/ 2 )
	=	-17312.405	/	162779.202
	=	-10.64 %

Shimao Group Holdings'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 )
	=	-21375.134	/	( ( (632175.994 - 448544.982)	+	(594195.812 - 459241.049) )	/ 2 )
	=	-21375.134	/	( ( 183631.012	+	134954.763 )	/ 2 )
	=	-21375.134	/	159292.8875
	=	-13.42 %

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

Shimao Group Holdings (HKSE:00813) 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.

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Shimao Group Holdings (HKSE:00813) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Shimao Group Holdings Ltd (HKSE:00813) » Definitions » ROCE %

Traded in Other Exchanges

SIOPF:USA QHI:Germany

Address

89 Queensway, 1st Floor, Block 38, Hong Kong Lippo Centre, Hong Kong, HKG

Website

http://www.shimaogroup.hk

Shimao Group Holdings, formerly Shimao Property, is a large real estate developer in China. In addition to property development as the core business, the company plans to raise non-development revenue, which includes property investment, hotels and property management services. Shimao holds residential development projects and hotels, while its 59%-owned Shanghai Shimao holds commercial projects. The two entities collaborate on large mixed-use projects. The free float is about 35%, with the company's founder, Hui Wing Mau, holding the remaining stake.

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