China Evergrande Group (China Evergrande Group) ROCE %

: 0.00% (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 Evergrande Group's annualized ROCE % for the quarter that ended in Jun. 2023 was 0.00%.

China Evergrande Group ROCE % Historical Data

The historical data trend for China Evergrande 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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China Evergrande Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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18.88

11.53

10.11

-363.99

China Evergrande Group Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial															6.01	-706.19	-	-	-

China Evergrande Group ROCE % Calculation

China Evergrande 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 )
	=	-11272.573	/	( ( (330820.655 - 395826.229)	+	(263685.758 - 337496.306) )	/ 2 )
	=	-11272.573	/	( (-65005.574	+	-73810.548)	/ 2 )
	=	-11272.573	/	-69408.061
	=	16.24 %

China Evergrande 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 )
	=	-5288.91	/	( ( (263685.758 - 337496.306)	+	(243527.383 - 319988.55) )	/ 2 )
	=	-5288.91	/	( ( -73810.548	+	-76461.167 )	/ 2 )
	=	-5288.91	/	-75135.8575
	=	0 %

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

China Evergrande Group (OTCPK:EGRNQ) 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 Evergrande Group ROCE % Related Terms

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China Evergrande Group (China Evergrande Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » China Evergrande Group (OTCPK:EGRNQ) » Definitions » ROCE %

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03333:Hong Kong EV1:Germany

Address

Number. 78 Huangpu Avenue West, Tianhe District, Guangdong Province, Guangzhou, CHN, 510620

Website

https://www.evergrande.com

China Evergrande Group is a large real estate developer. In 2019, it was ranked in third place by sales value among developers in China. It has projects in more than 200 cities across China and property development accounts for 90% of earnings. The firm also has interests in banking, insurance, tourism, and healthcare. Evergrande was listed in Hong Kong in late 2009. The company is in the process of spinning off its real estate business into a Shenzhen-listed entity. Free float is 25%, with the company's founder Hui Ka Yan holding the remaining share.