Haichang Ocean Park Holdings (HKSE:02255) ROCE % : 0.74% (As of Dec. 2023)

View and export this data going back to 2014. Start your Free Trial

What is Haichang Ocean Park 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. Haichang Ocean Park Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.74%.

Haichang Ocean Park Holdings ROCE % Historical Data

The historical data trend for Haichang Ocean Park 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.

* Premium members only.

Haichang Ocean Park Holdings ROCE % Chart

Haichang Ocean Park Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

5.98

-8.16

17.81

-13.48

1.03

Haichang Ocean Park Holdings 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															32.71	-9.71	-18.98	1.33	0.74

Haichang Ocean Park Holdings ROCE % Calculation

Haichang Ocean Park 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 )
	=	91.908	/	( ( (11402.69 - 2949.22)	+	(12603.334 - 3188.915) )	/ 2 )
	=	91.908	/	( (8453.47	+	9414.419)	/ 2 )
	=	91.908	/	8933.9445
	=	1.03 %

Haichang Ocean Park Holdings'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 )
	=	67.824	/	( ( (11636.236 - 2675.972)	+	(12603.334 - 3188.915) )	/ 2 )
	=	67.824	/	( ( 8960.264	+	9414.419 )	/ 2 )
	=	67.824	/	9187.3415
	=	0.74 %

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

Haichang Ocean Park Holdings (HKSE:02255) 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.

Haichang Ocean Park Holdings ROCE % Related Terms

Thank you for viewing the detailed overview of Haichang Ocean Park Holdings's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Haichang Ocean Park Holdings (HKSE:02255) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Haichang Ocean Park Holdings Ltd (HKSE:02255) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Phase 1, No. 4, Lane 255 Dongyu Road, 31st Floor, Building A, Foreshore Beach World Trade Centre, Pudong New District, Shanghai, CHN, 200123

Website

https://www.haichangoceanpark.com

Haichang Ocean Park Holdings Ltd is a leisure company focused on theme parks. The company operates several theme parks in China with ocean, adventure, and water themes. In addition to theme parks, Haichang owns ancillary commercial properties adjacent to its theme parks that offer complementary services. The company's theme parks and surrounding properties provide rides, sightseeing, entertainment, dining, and shopping. Ocean-themed parks, the style in which Haichang themes most of its parks, focus on marine animal breeding and conservation. Its segments include Park Operations, Operation as a service, and Property Development. Nearly all of its revenues come from Mainland China.

Haichang Ocean Park Holdings (HKSE:02255) Headlines

No Headlines