China Shun Ke Long Holdings (HKSE:00974) ROCE % : -12.86% (As of Dec. 2023)

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What is China Shun Ke Long 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. China Shun Ke Long Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was -12.86%.

China Shun Ke Long Holdings ROCE % Historical Data

The historical data trend for China Shun Ke Long 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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China Shun Ke Long Holdings ROCE % Chart

China Shun Ke Long Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-2.84

-1.33

-9.62

-8.13

-11.07

China Shun Ke Long 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															-15.24	-9.15	-7.53	-9.70	-12.86

China Shun Ke Long Holdings ROCE % Calculation

China Shun Ke Long 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 )
	=	-25.214	/	( ( (435.317 - 193.165)	+	(399.783 - 186.232) )	/ 2 )
	=	-25.214	/	( (242.152	+	213.551)	/ 2 )
	=	-25.214	/	227.8515
	=	-11.07 %

China Shun Ke Long 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 )
	=	-27.964	/	( ( (383.256 - 162.011)	+	(399.783 - 186.232) )	/ 2 )
	=	-27.964	/	( ( 221.245	+	213.551 )	/ 2 )
	=	-27.964	/	217.398
	=	-12.86 %

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

China Shun Ke Long Holdings (HKSE:00974) 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.

China Shun Ke Long Holdings ROCE % Related Terms

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China Shun Ke Long Holdings (HKSE:00974) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » China Shun Ke Long Holdings Ltd (HKSE:00974) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 60 Hebin North Road, Huale Building, Floor 3, Lecong Town, Shunde District, Guangdong Province, Foshan, CHN, 528315

Website

http://www.skl.com.cn

China Shun Ke Long Holdings Limited is a Hong Kong-based investment holding company principally engaged in the operation of retail outlets. The Company operates through two segments. Retail Outlet Operation segment is engaged in the operation of Shun Ke Long supermarkets and hypermarkets in Guangzhou, Foshan, Zhaoqing, and Zhuhai, among others. This segment also leases out part of its retail outlets to generate rental income. It also sells consumer goods through online shops. The wholesale Distribution segment is engaged in the wholesale distribution of goods. The Company mainly operates businesses in China and Macau.

China Shun Ke Long Holdings (HKSE:00974) Headlines

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