Financial Street Property Co (HKSE:01502) ROCE % : 13.90% (As of Dec. 2023)

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What is Financial Street Property 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. Financial Street Property Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 13.90%.

Financial Street Property Co ROCE % Historical Data

The historical data trend for Financial Street Property 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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Financial Street Property Co ROCE % Chart

Financial Street Property Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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43.48

20.66

17.83

15.11

14.92

Financial Street Property Co Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial							16.16	16.88	14.78	16.72	13.90

Financial Street Property Co ROCE % Calculation

Financial Street Property 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 )
	=	217.801	/	( ( (2234.58 - 812.505)	+	(2300.108 - 801.845) )	/ 2 )
	=	217.801	/	( (1422.075	+	1498.263)	/ 2 )
	=	217.801	/	1460.169
	=	14.92 %

Financial Street Property 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 )
	=	200.674	/	( ( (2215.128 - 826.45)	+	(2300.108 - 801.845) )	/ 2 )
	=	200.674	/	( ( 1388.678	+	1498.263 )	/ 2 )
	=	200.674	/	1443.4705
	=	13.90 %

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

Financial Street Property Co (HKSE:01502) 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.

Financial Street Property Co ROCE % Related Terms

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Financial Street Property Co (HKSE:01502) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Financial Street Property Co Ltd (HKSE:01502) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Xizhimenwai Avenue, 24th Floor, Xihuan Plaza Tower 2, Xicheng District, Beijing, CHN, 100044

Website

http://www.jrjlife.com

Financial Street Property Co Ltd is a property management company in China. The company provides comprehensive property management and related services, including customer services, security services, cleaning and gardening services, engineering, repair and maintenance services, car park management services, and other related services, to its customers including property developers, property owners, owners' associations, tenants and residents. It provides services to commercial and business properties, including office buildings, complexes, retail buildings, and hotels; and Non-commercial properties, including residential properties, public properties, hospitals, educational properties, and others.

Executives

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