Huijing Holdings Co (HKSE:09968) ROCE % : -14.41% (As of Jun. 2023)

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What is Huijing Holdings Co 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. Huijing Holdings Co's annualized ROCE % for the quarter that ended in Jun. 2023 was -14.41%.

Huijing Holdings Co ROCE % Historical Data

The historical data trend for Huijing Holdings Co'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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Huijing Holdings Co ROCE % Chart

Huijing Holdings Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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49.39

39.83

21.95

-47.96

-22.31

Huijing Holdings Co Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial									15.20	-7.00	-90.34	-14.41	-26.84

Huijing Holdings Co ROCE % Calculation

Huijing Holdings Co'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 )
	=	-2911.231	/	( ( (18590.123 - 10554.29)	+	(13638.929 - 9533.705) )	/ 2 )
	=	-2911.231	/	( (8035.833	+	4105.224)	/ 2 )
	=	-2911.231	/	6070.5285
	=	-47.96 %

Huijing Holdings Co'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 )
	=	-533.102	/	( ( (13638.929 - 9533.705)	+	(13961.893 - 10669.712) )	/ 2 )
	=	-533.102	/	( ( 4105.224	+	3292.181 )	/ 2 )
	=	-533.102	/	3698.7025
	=	-14.41 %

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

Huijing Holdings Co (HKSE:09968) 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.

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Huijing Holdings Co (HKSE:09968) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Huijing Holdings Co Ltd (HKSE:09968) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

1, Beihuan Lu, Houjiezhen, Guangdong, Dongguan, CHN

Website

http://www.huijingholdings.com

Huijing Holdings Co Ltd is an integrated residential and commercial property developer in China. The company's property projects comprise residential property projects, integrated property projects and property projects promoting specific industry. Its residential properties include apartments, townhouses, mansions, and villas. Its commercial properties include retail outlets, shopping malls, offices, grant land contracts, and hotels. The Group is principally engaged in one single operating segment: Property development and investment business.

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