First Service Holding (HKSE:02107) ROCE % : 9.36% (As of Dec. 2023)

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What is First Service Holding 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. First Service Holding's annualized ROCE % for the quarter that ended in Dec. 2023 was 9.36%.

First Service Holding ROCE % Historical Data

The historical data trend for First Service Holding'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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First Service Holding ROCE % Chart

First Service Holding Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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34.07

26.09

5.81

8.59

12.33

First Service Holding Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial						-14.62	9.51	8.29	15.65	9.36

First Service Holding ROCE % Calculation

First Service Holding'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 )
	=	97.089	/	( ( (1529.128 - 744.5)	+	(1609.973 - 819.482) )	/ 2 )
	=	97.089	/	( (784.628	+	790.491)	/ 2 )
	=	97.089	/	787.5595
	=	12.33 %

First Service Holding'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 )
	=	72.872	/	( ( (1544.506 - 778.654)	+	(1609.973 - 819.482) )	/ 2 )
	=	72.872	/	( ( 765.852	+	790.491 )	/ 2 )
	=	72.872	/	778.1715
	=	9.36 %

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

First Service Holding (HKSE:02107) 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.

First Service Holding ROCE % Related Terms

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First Service Holding (HKSE:02107) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » First Service Holding Ltd (HKSE:02107) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1 Xiangheyuan Road, Dongzhimenwai, 3rd Floor, Building 10, Wanguocheng MOMA, Dongcheng District, Beijing, CHN, 100028

Website

https://www.firstservice.hk

First Service Holding Ltd is a provider of property management services and green living solutions that cover the full property life cycle. The company's service portfolio is segregated into three business lines Property management services comprising cleaning, security, gardening and repair and maintenance; Green living solutions comprising energy operation services, green technology consulting services, systems installation services and sales of its AIRDINO systems; and Value-added services comprising parking space management services, communal area leasing services, sales assistance services, home living services, and preliminary planning and design consultancy.

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