China Union Holdings (SZSE:000036) ROCE % : 2.34% (As of Mar. 2024)

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What is China Union 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 Union Holdings's annualized ROCE % for the quarter that ended in Mar. 2024 was 2.34%.

China Union Holdings ROCE % Historical Data

The historical data trend for China Union 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 Union Holdings ROCE % Chart

China Union Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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17.59

13.41

9.93

12.00

2.06

China Union Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															3.73	-0.23	2.31	2.41	2.34

China Union Holdings ROCE % Calculation

China Union 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 )
	=	140.625	/	( ( (9235.912 - 2349.174)	+	(8398.113 - 1616.271) )	/ 2 )
	=	140.625	/	( (6886.738	+	6781.842)	/ 2 )
	=	140.625	/	6834.29
	=	2.06 %

China Union Holdings's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	156.644	/	( ( (8398.113 - 1616.271)	+	(7813.389 - 1221.323) )	/ 2 )
	=	156.644	/	( ( 6781.842	+	6592.066 )	/ 2 )
	=	156.644	/	6686.954
	=	2.34 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

China Union Holdings (SZSE:000036) 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 Union Holdings ROCE % Related Terms

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China Union Holdings (SZSE:000036) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » China Union Holdings Ltd (SZSE:000036) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 2008 Shennan Middle Road, Hualian Building, 11F, Futian District, Shenzhen, Guangdong, CHN, 518031

Website

http://www.udcgroup.com

China Union Holdings Ltd operates in the real estate industry. The business of the company includes real estate development and venture capital. The projects of the company include hualian building, Shanghai Xinhua century park, and China avenue of stars.

Executives

Huang Xin	Supervisors
Chen Shan Min	Executives
Li Yun	Directors, executives
Kong Qing Fu	Directors, executives
Su Qin	Directors, executives
Zhang Wen Bin	Supervisors
Hu Yong Feng	Director
Ni Su Qiao	Director
Ding Yue	Director
Fan Lian	Director
Dong Bing Gen	Director
Zhang Mei	Director
Shen Hua	Securities Affairs Representative
Zheng Pi Tong	Supervisors

China Union Holdings (SZSE:000036) Headlines

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