China Resources Mixc Lifestyle Services (HKSE:01209) ROCE %

: 21.58% (As of Jun. 2023)

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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 Resources Mixc Lifestyle Services's annualized ROCE % for the quarter that ended in Jun. 2023 was 21.58%.

China Resources Mixc Lifestyle Services ROCE % Historical Data

The historical data trend for China Resources Mixc Lifestyle Services'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 Resources Mixc Lifestyle Services Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

24.58

14.78

16.59

17.20

21.42

China Resources Mixc Lifestyle Services Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %								17.11	17.37	17.42	21.58	21.73

China Resources Mixc Lifestyle Services ROCE % Calculation

China Resources Mixc Lifestyle Services's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	3342.748	/	( ( (26438.604 - 7443.613)	+	(28853.498 - 8977.896) )	/ 2 )
	=	3342.748	/	( (18994.991	+	19875.602)	/ 2 )
	=	3342.748	/	19435.2965
	=	17.20 %

China Resources Mixc Lifestyle Services's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	4316.152	/	( ( (28853.498 - 8977.896)	+	(28839.518 - 8715.034) )	/ 2 )
	=	4316.152	/	( ( 19875.602	+	20124.484 )	/ 2 )
	=	4316.152	/	20000.043
	=	21.58 %

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

China Resources Mixc Lifestyle Services (HKSE:01209) 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 Resources Mixc Lifestyle Services ROCE % Related Terms

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China Resources Mixc Lifestyle Services (HKSE:01209) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » China Resources Mixc Lifestyle Services Ltd (HKSE:01209) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 9668 Shennan Avenue, 30th Floor, China Resources Land Building, Tower B, Nanshan District, Shenzhen, CHN

Website

https://www.crmixclifestyle.com.cn

China Resources Mixc Lifestyle Services Ltd offers property management services. The business activities of the group function through two business segments namely the residential property management services segment and Commercial operational and property management services segment. Majority of revenue is generated from Commercial operational and property management services segment. The Group provides property management and value-added services to portfolios of residential properties, and also manages and operates a diversified and growing portfolio of commercial properties comprising shopping malls and office buildings. Geographically the company operates through the regions of China.

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