CNQC International Holdings (HKSE:01240) ROC % : 1.91% (As of Jun. 2024)

View and export this data going back to 2012. Start your Free Trial

What is CNQC International Holdings ROC %?

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. CNQC International Holdings's annualized return on capital (ROC %) for the quarter that ended in Jun. 2024 was 1.91%.

As of today (2025-03-27), CNQC International Holdings's WACC % is 5.74%. CNQC International Holdings's ROC % is 0.51% (calculated using TTM income statement data). CNQC International Holdings earns returns that do not match up to its cost of capital. It will destroy value as it grows.

CNQC International Holdings ROC % Historical Data

The historical data trend for CNQC International Holdings's ROC % 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.

* Premium members only.

CNQC International Holdings ROC % Chart

CNQC International Holdings Annual Data

Trend

Mar14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROC %

Get a 7-Day Free Trial

1.07

0.24

-2.08

-3.84

-2.42

CNQC International Holdings Semi-Annual Data
	Sep14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROC %	Get a 7-Day Free Trial															1.66	-9.82	-1.70	-3.10	1.91

CNQC International Holdings ROC % Calculation

CNQC International Holdings's annualized Return on Capital (ROC %) for the fiscal year that ended in Dec. 2023 is calculated as:

	ROC % (A: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (A: Dec. 2022 )	+	Invested Capital (A: Dec. 2023 ))	/ count )
=	-169.383 * ( 1 - -13.66% )	/	( (8356.041	+	7579.289)	/ 2 )
=	-192.5207178	/	7967.665
=	-2.42 %

where

	Invested Capital		(A: Dec. 2022 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	12179.43	-	1912.803	-	( 1910.586	-	max(0, 6973.408	-	9366.9	+	1910.586	))
=	8356.041

	Invested Capital		(A: Dec. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	11121.372	-	2300.875	-	( 1622.046	-	max(0, 7052.393	-	8293.601	+	1622.046	))
=	7579.289

CNQC International Holdings's annualized Return on Capital (ROC %) for the quarter that ended in Jun. 2024 is calculated as:

	ROC % (Q: Jun. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Jun. 2024 ))	/ count )
=	260.068 * ( 1 - 45.43% )	/	( (7579.289	+	7269.152)	/ 2 )
=	141.9191076	/	7424.2205
=	1.91 %

where

	Invested Capital		(Q: Dec. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	11121.372	-	2300.875	-	( 1622.046	-	max(0, 7052.393	-	8293.601	+	1622.046	))
=	7579.289

	Invested Capital		(Q: Jun. 2024 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	10410.841	-	2208.995	-	( 932.694	-	max(0, 5163.115	-	7673.44	+	932.694	))
=	7269.152

Note: The Operating Income data used here is two times the semi-annual (Jun. 2024) data.

CNQC International Holdings (HKSE:01240) ROC % Explanation

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.

There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.

Why is ROC % important?

Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.

As of today, CNQC International Holdings's WACC % is 5.74%. CNQC International Holdings's ROC % is 0.51% (calculated using TTM income statement data). CNQC International Holdings earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Be Aware

Like ROE % and ROA %, ROC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

CNQC International Holdings ROC % Related Terms

Thank you for viewing the detailed overview of CNQC International Holdings's ROC % provided by GuruFocus.com. Please click on the following links to see related term pages.

CNQC International Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » CNQC International Holdings Ltd (HKSE:01240) » Definitions » ROC %

Traded in Other Exchanges

N/A

Address

39 Wang Chiu Road, 8th floor, Enterprise Square Phase Three, Kowloon Bay, Hong Kong, HKG

Website

https://www.cnqc.com.hk

CNQC International Holdings Ltd is involved in property development and operates through four segments. The Foundation and Construction - Hong Kong and Macau segment mainly provides foundation and construction work, labor, and machinery rental in Hong Kong and Macau. The Construction - Singapore and Southeast Asia segment offers construction work, sales of goods, labor, and equipment rental in Singapore and Southeast Asia. The Property Development - Singapore and Southeast Asia, and Property Development - Hong Kong segments focus on selling completed property units in Singapore, Southeast Asia, and Hong Kong.

Executives

Central Huijin Investment Ltd.	2201 Interest of corporation controlled by you
Qingdao Zhixinda Enterprise Management Partnership(limited Partnership)	2201 Interest of corporation controlled by you
Qingdao Qingjian Holdings Co	2201 Interest of corporation controlled by you
Guotsing Holding Group Co. Ltd.	2201 Interest of corporation controlled by you
Du Bo	2201 Interest of corporation controlled by you
Du Dexiang	2201 Interest of corporation controlled by you
Shang Hai He Li Yuan Tou Zi You Xian Gong Si	2201 Interest of corporation controlled by you
Cnqc Development Limited	2101 Beneficial owner
Zuo Haibin	2101 Beneficial owner
Zhang Zhihua	2101 Beneficial owner

CNQC International Holdings Headlines

No Headlines