Sino-Ocean Group Holding (HKSE:03377) ROCE % : -0.03% (As of Dec. 2023)

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What is Sino-Ocean Group 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. Sino-Ocean Group Holding's annualized ROCE % for the quarter that ended in Dec. 2023 was -0.03%.

Sino-Ocean Group Holding ROCE % Historical Data

The historical data trend for Sino-Ocean Group 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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Sino-Ocean Group Holding ROCE % Chart

Sino-Ocean Group Holding Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.98

9.21

8.66

-9.58

-20.12

Sino-Ocean Group Holding 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															9.72	4.00	-24.56	-34.68	-0.03

Sino-Ocean Group Holding ROCE % Calculation

Sino-Ocean Group 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 )
	=	-17548.196	/	( ( (271323.717 - 153427.752)	+	(225506.937 - 168950.897) )	/ 2 )
	=	-17548.196	/	( (117895.965	+	56556.04)	/ 2 )
	=	-17548.196	/	87226.0025
	=	-20.12 %

Sino-Ocean Group 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 )
	=	-19.212	/	( ( (236412.87 - 152042.068)	+	(225506.937 - 168950.897) )	/ 2 )
	=	-19.212	/	( ( 84370.802	+	56556.04 )	/ 2 )
	=	-19.212	/	70463.421
	=	-0.03 %

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

Sino-Ocean Group Holding (HKSE:03377) 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.

Sino-Ocean Group Holding ROCE % Related Terms

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Sino-Ocean Group Holding (HKSE:03377) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Sino-Ocean Group Holding Ltd (HKSE:03377) » Definitions » ROCE %

Traded in Other Exchanges

SIOLY:USA SIOLF:USA 3SD:Germany

Address

56 Dongsihuanzhonglu, 31-33 Floor, Tower A, Ocean International Center, Chaoyang District, Beijing, CHN, 100025

Website

https://www.sinooceangroup.com

Sino-Ocean Group Holding Ltd is a real estate company engaged in property development and property investment in China. The company focuses on mid-to-high-end residential property development, investment, and operation of urban property complexes and offices, property services, community O2O, senior living, medical care, shared offices, real estate funds, equity investments, asset management, and overseas investments. It operates in three segments; property development, property management, and property investment. Property development businesses are further segregated geographically into Beijing, Bohai Rim Region, Eastern China, Southern China, Central China, and Western China.

Sino-Ocean Group Holding (HKSE:03377) Headlines

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