China Fortune Land Development Co (SHSE:600340) ROCE % : 3.99% (As of Sep. 2023)

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What is China Fortune Land Development 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. China Fortune Land Development Co's annualized ROCE % for the quarter that ended in Sep. 2023 was 3.99%.

China Fortune Land Development Co ROCE % Historical Data

The historical data trend for China Fortune Land Development 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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China Fortune Land Development Co ROCE % Chart

China Fortune Land Development Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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11.96

14.15

7.98

-19.60

13.99

China Fortune Land Development Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															3.35	22.04	3.22	-1.52	3.99

China Fortune Land Development Co ROCE % Calculation

China Fortune Land Development 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 )
	=	17388.611	/	( ( (440964.154 - 363986.866)	+	(408602.668 - 237082.376) )	/ 2 )
	=	17388.611	/	( (76977.288	+	171520.292)	/ 2 )
	=	17388.611	/	124248.79
	=	13.99 %

China Fortune Land Development Co's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	8029.876	/	( ( (383345.522 - 183317.868)	+	(373732.91 - 171166.935) )	/ 2 )
	=	8029.876	/	( ( 200027.654	+	202565.975 )	/ 2 )
	=	8029.876	/	201296.8145
	=	3.99 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

China Fortune Land Development Co (SHSE:600340) 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 Fortune Land Development Co ROCE % Related Terms

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China Fortune Land Development Co (SHSE:600340) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » China Fortune Land Development Co Ltd (SHSE:600340) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 18, Xiaguangli, North Dongsanhuan Road, Fl.9, Block A, Jiacheng Plaza, Chaoyang District, Beijing, CHN, 100027

Website

http://www.cfldcn.com

China Fortune Land Development Co Ltd is engaged in the investment, development, construction and operation of the new industrial city. It is primarily involved in planning, designing, land consolidation, investment, infrastructure construction and public facility development. Further, it is also involved in development of green cities and construction of smart urban.

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