Fineland Living Services Group (HKSE:09978) ROCE %

: -16.38% (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. Fineland Living Services Group's annualized ROCE % for the quarter that ended in Jun. 2023 was -16.38%.

Fineland Living Services Group ROCE % Historical Data

The historical data trend for Fineland Living Services 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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Fineland Living Services Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

42.85

26.47

15.96

17.09

12.75

Fineland Living Services Group Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %											20.52	12.85	15.09	10.56	-16.38

Fineland Living Services Group ROCE % Calculation

Fineland Living Services Group'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 )
	=	35.579	/	( ( (556.118 - 282.483)	+	(640.813 - 356.195) )	/ 2 )
	=	35.579	/	( (273.635	+	284.618)	/ 2 )
	=	35.579	/	279.1265
	=	12.75 %

Fineland Living Services Group'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 )
	=	-43.614	/	( ( (640.813 - 356.195)	+	(592.206 - 344.364) )	/ 2 )
	=	-43.614	/	( ( 284.618	+	247.842 )	/ 2 )
	=	-43.614	/	266.23
	=	-16.38 %

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

Fineland Living Services Group (HKSE:09978) 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.

Fineland Living Services Group ROCE % Related Terms

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Fineland Living Services Group (HKSE:09978) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Fineland Living Services Group Ltd (HKSE:09978) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 28 Tiyu East Road, Fineland Plaza, Tianhe District, Guangzhou, CHN

Website

http://www.finelandassets.com

Fineland Living Services Group Ltd formerly Fineland Real Estate Services Group Ltd is principally engaged in the provision of comprehensive real estate agency services. The company through its operators in Guangzhou, China provides real estate agency services in both the primary and secondary property markets. It operates in the business segments of Real estate agency service which includes online property referral and agency service; Property research and consultancy service; and Integrated services.

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