Jinmao Property Services Co (HKSE:00816) ROCE % : 31.62% (As of Dec. 2023)

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What is Jinmao Property Services 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. Jinmao Property Services Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 31.62%.

Jinmao Property Services Co ROCE % Historical Data

The historical data trend for Jinmao Property Services 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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Jinmao Property Services Co ROCE % Chart

Jinmao Property Services Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.22

15.30

42.73

51.95

28.15

Jinmao Property Services Co Semi-Annual Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial				110.14	61.50	32.87	26.82	31.62

Jinmao Property Services Co ROCE % Calculation

Jinmao Property Services 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 )
	=	493.616	/	( ( (3354.084 - 1711.468)	+	(3952.687 - 2087.834) )	/ 2 )
	=	493.616	/	( (1642.616	+	1864.853)	/ 2 )
	=	493.616	/	1753.7345
	=	28.15 %

Jinmao Property Services Co'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 )
	=	550.324	/	( ( (3818.667 - 2202.86)	+	(3952.687 - 2087.834) )	/ 2 )
	=	550.324	/	( ( 1615.807	+	1864.853 )	/ 2 )
	=	550.324	/	1740.33
	=	31.62 %

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

Jinmao Property Services Co (HKSE:00816) 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.

Jinmao Property Services Co ROCE % Related Terms

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Jinmao Property Services Co (HKSE:00816) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Jinmao Property Services Co Ltd (HKSE:00816) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

TZ0:Germany

Address

Unit 2, Xitieying Middle Avenue, 6th Floor, YouAn International Tower, Fengtai, Beijing, CHN

Website

https://www.jinmaowy.com

Jinmao Property Services Co Ltd is a fast-growing high-end property management company in China, and a city operation service provider, managing a diversified property portfolio covering both residential properties and non-residential services.

Executives

Sinochem Corporation	2201 Interest of corporation controlled by you
Sinochem Group Co., Ltd	2201 Interest of corporation controlled by you
Sinochem Holdings Corporation Ltd.	2201 Interest of corporation controlled by you
Sinochem Hong Kong (group) Company Limited	2501 Other
China Jinmao Holdings Group Limited	2101 Beneficial owner

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