CESTY (Chinese Estates Holdings) ROCE % : -3.89% (As of Jun. 2024)

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What is Chinese Estates Holdings 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. Chinese Estates Holdings's annualized ROCE % for the quarter that ended in Jun. 2024 was -3.89%.

Chinese Estates Holdings ROCE % Historical Data

The historical data trend for Chinese Estates Holdings'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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Chinese Estates Holdings ROCE % Chart

Chinese Estates Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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2.52

-13.72

7.71

2.01

-13.06

Chinese Estates Holdings Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
ROCE %	Get a 7-Day Free Trial															4.77	3.40	0.57	-3.89	-22.34

Chinese Estates Holdings ROCE % Calculation

Chinese Estates Holdings'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 )
	=	41.761	/	( ( (2496.277 - 393.056)	+	(2374.64 - 322.105) )	/ 2 )
	=	41.761	/	( (2103.221	+	2052.535)	/ 2 )
	=	41.761	/	2077.878
	=	2.01 %

Chinese Estates Holdings's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	-78.576	/	( ( (2374.64 - 322.105)	+	(2329.5 - 343.277) )	/ 2 )
	=	-78.576	/	( ( 2052.535	+	1986.223 )	/ 2 )
	=	-78.576	/	2019.379
	=	-3.89 %

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

Chinese Estates Holdings (OTCPK:CESTY) 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.

Chinese Estates Holdings ROCE % Related Terms

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Chinese Estates Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Chinese Estates Holdings Ltd (OTCPK:CESTY) » Definitions » ROCE %

Traded in Other Exchanges

00127:Hong Kong

Address

311 Gloucester Road, 21st Floor, Chubb Tower, Windsor House, Causeway Bay, Hong Kong, HKG

Website

https://www.chineseestates.com

Chinese Estates Holdings Ltd is an investment holding company. The company's operating segment includes Property development and trading; Property leasing includes Retail and Non-retail; Listed equity investments at FVTOCI; Investments and treasury products at FVTPL; Unlisted investments, investment holding and brokerage, and other segments. The company's geographical segments include Hong Kong, United Kingdom, Mainland China, and Other countries.

Chinese Estates Holdings Headlines

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