Hongkong Chinese (HKSE:00655) ROCE % : 1.52% (As of Dec. 2023)

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What is Hongkong Chinese 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. Hongkong Chinese's annualized ROCE % for the quarter that ended in Dec. 2023 was 1.52%.

Hongkong Chinese ROCE % Historical Data

The historical data trend for Hongkong Chinese'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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Hongkong Chinese ROCE % Chart

Hongkong Chinese Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Dec21

Dec22

Dec23

ROCE %

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-1.00

4.02

5.90

4.43

1.67

Hongkong Chinese Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															8.51	5.35	3.59	1.84	1.52

Hongkong Chinese ROCE % Calculation

Hongkong Chinese'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 )
	=	185.544	/	( ( (11220.679 - 53.296)	+	(11158.084 - 52.073) )	/ 2 )
	=	185.544	/	( (11167.383	+	11106.011)	/ 2 )
	=	185.544	/	11136.697
	=	1.67 %

Hongkong Chinese'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 )
	=	167.576	/	( ( (11058.068 - 49.456)	+	(11158.084 - 52.073) )	/ 2 )
	=	167.576	/	( ( 11008.612	+	11106.011 )	/ 2 )
	=	167.576	/	11057.3115
	=	1.52 %

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

Hongkong Chinese (HKSE:00655) 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.

Hongkong Chinese ROCE % Related Terms

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Hongkong Chinese (HKSE:00655) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Hongkong Chinese Ltd (HKSE:00655) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lippo Centre, 89 Queensway, 40th Floor, Tower Two, Hong Kong, HKG

Website

https://www.hkchinese.com.hk

Hongkong Chinese Ltd is an investment holding company. The company's operating segments are Property Investment, which includes investments relating to the letting and resale of properties; the Property development segment is into the development and sale of properties; the Treasury investment segment includes investments in money markets; the Securities investment segment invests in securities that are held for trading and for long-term strategic purpose; and Others. Its geographical segments are Hong Kong, Mainland China, Singapore, Indonesia, and others.

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