China Overseas Grand Oceans Group (HKSE:00081) ROCE % : 2.53% (As of Dec. 2023)

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What is China Overseas Grand Oceans Group 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 Overseas Grand Oceans Group's annualized ROCE % for the quarter that ended in Dec. 2023 was 2.53%.

China Overseas Grand Oceans Group ROCE % Historical Data

The historical data trend for China Overseas Grand Oceans Group'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 Overseas Grand Oceans Group ROCE % Chart

China Overseas Grand Oceans Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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19.43

19.54

16.12

7.87

5.67

China Overseas Grand Oceans Group 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															15.45	12.24	3.94	8.53	2.53

China Overseas Grand Oceans Group ROCE % Calculation

China Overseas Grand Oceans Group'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 )
	=	4580.691	/	( ( (201881.731 - 117575.947)	+	(166287.701 - 88930.298) )	/ 2 )
	=	4580.691	/	( (84305.784	+	77357.403)	/ 2 )
	=	4580.691	/	80831.5935
	=	5.67 %

China Overseas Grand Oceans Group'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 )
	=	2030.132	/	( ( (187870.833 - 104927.896)	+	(166287.701 - 88930.298) )	/ 2 )
	=	2030.132	/	( ( 82942.937	+	77357.403 )	/ 2 )
	=	2030.132	/	80150.17
	=	2.53 %

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

China Overseas Grand Oceans Group (HKSE:00081) 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 Overseas Grand Oceans Group ROCE % Related Terms

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China Overseas Grand Oceans Group (HKSE:00081) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » China Overseas Grand Oceans Group Ltd (HKSE:00081) » Definitions » ROCE %

Traded in Other Exchanges

SWL:Germany

Address

1 Queen’s Road East, Suites 701 - 702, 7th Floor, Three Pacific Place, Kowloon, Hong Kong, HKG

Website

https://www.cogogl.com.hk

China Overseas Grand Oceans Group Ltd is engaged in general real estate activities. Its main line of business reflects the development of property comprised of residential property projects. The company carries out its business through three segments; Property investment and development, Property Leasing, and Others. The property investment and development segment is the major revenue driver for the company and is engaged in the construction of residential and commercial properties in the People's Republic of China. The Others segment mainly engages in hotel operations and generates service fee income in relation to hotel operation and other ancillary services.

China Overseas Grand Oceans Group (HKSE:00081) Headlines

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