China Vanke Co (SZSE:000002) ROCE % : 1.58% (As of Dec. 2023)

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What is China Vanke 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 Vanke Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 1.58%.

China Vanke Co ROCE % Historical Data

The historical data trend for China Vanke 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 Vanke Co ROCE % Chart

China Vanke Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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19.35

17.53

10.19

8.92

5.22

China Vanke Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															9.59	3.41	10.35	5.14	1.58

China Vanke Co ROCE % Calculation

China Vanke Co'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 )
	=	35542.902	/	( ( (1757804.936 - 1077801.572)	+	(1504850.172 - 821785.258) )	/ 2 )
	=	35542.902	/	( (680003.364	+	683064.914)	/ 2 )
	=	35542.902	/	681534.139
	=	5.22 %

China Vanke Co'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	10982.996	/	( ( (1646701.739 - 940470.38)	+	(1504850.172 - 821785.258) )	/ 2 )
	=	10982.996	/	( ( 706231.359	+	683064.914 )	/ 2 )
	=	10982.996	/	694648.1365
	=	1.58 %

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

China Vanke Co (SZSE:000002) 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 Vanke Co ROCE % Related Terms

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China Vanke Co (SZSE:000002) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » China Vanke Co Ltd (SZSE:000002) » Definitions » ROCE %

Traded in Other Exchanges

CHVKF:USA CHVKY:USA 02202:Hong Kong 18V:Germany

Address

Vanke Center, No. 33 Huanmei Road, Dameisha, Yantian District, Shenzhen, CHN, 518083

Website

https://www.vanke.com

China Vanke is a large real estate developer in China with residential property sales among the top three of all peers through the past five years. While property development accounts for most of its revenue and earnings, it has expanded its business presence in investment properties such as commercial retail complexes, long-term leasing apartments, and leasable logistical assets. China Vanke also owns an over-60% equity interest in its property management division Onewo, which manages the second-largest gross floor area in China. It is dual-listed in Shenzhen and Hong Kong, and state-owned Shenzhen Metro is the largest shareholder with a 27.2% stake.

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