E-Star Commercial Management Co (HKSE:06668) ROCE % : 14.23% (As of Dec. 2023)

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What is E-Star Commercial Management 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. E-Star Commercial Management Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 14.23%.

E-Star Commercial Management Co ROCE % Historical Data

The historical data trend for E-Star Commercial Management 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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E-Star Commercial Management Co ROCE % Chart

E-Star Commercial Management Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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68.75

108.79

35.91

14.63

14.42

E-Star Commercial Management Co Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial						24.66	17.35	10.37	14.99	14.23

E-Star Commercial Management Co ROCE % Calculation

E-Star Commercial Management 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 )
	=	303.101	/	( ( (2391.843 - 326.998)	+	(2542.649 - 402.34) )	/ 2 )
	=	303.101	/	( (2064.845	+	2140.309)	/ 2 )
	=	303.101	/	2102.577
	=	14.42 %

E-Star Commercial Management 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 )
	=	297.926	/	( ( (2453.07 - 404.82)	+	(2542.649 - 402.34) )	/ 2 )
	=	297.926	/	( ( 2048.25	+	2140.309 )	/ 2 )
	=	297.926	/	2094.2795
	=	14.23 %

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

E-Star Commercial Management Co (HKSE:06668) 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.

E-Star Commercial Management Co ROCE % Related Terms

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E-Star Commercial Management Co (HKSE:06668) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » E-Star Commercial Management Co Ltd (HKSE:06668) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Yabao Road, 32nd Floor, Building A Galaxy World, Longgang District, Guangdong Province, Shenzhen, CHN, 518000

Website

https://www.g-cre.com

E-Star Commercial Management Co Ltd is a commercial operational service provider in China with business lines including, positioning, construction consultancy and tenant sourcing services including market positioning, business planning consultancy, design and construction consultancy and tenant sourcing services; operational management services including formulating operation strategies, conducting marketing and promotional events, tenant management services, property management services and rent collection services; property leasing services including sublease of commercial spaces; and value-added services including management of common areas in the shopping centers and management of advertising spaces, such as LED boards and interior and exterior facades of the shopping centers.

Executives

Virtue Investment Development Limited	2101 Beneficial owner
Huang Chu-long
Go Star Investment Holding Limited	2201 Interest of corporation controlled by you
Long Harmony Holding Limited	2201 Interest of corporation controlled by you
Tmf (cayman) Ltd.	2301 Trustee
Huang De-lin Benny	2101 Beneficial owner
Central Huijin Investment Ltd.	2201 Interest of corporation controlled by you

E-Star Commercial Management Co (HKSE:06668) Headlines

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