Shimao Services Holdings (FRA:5GO) ROCE % : 6.20% (As of Jun. 2024)

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What is Shimao Services 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. Shimao Services Holdings's annualized ROCE % for the quarter that ended in Jun. 2024 was 6.20%.

Shimao Services Holdings ROCE % Historical Data

The historical data trend for Shimao Services 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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Shimao Services Holdings ROCE % Chart

Shimao Services Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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64.76

25.74

18.72

-7.56

4.68

Shimao Services Holdings Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial								7.00	-22.24	6.48	2.83	6.20

Shimao Services Holdings ROCE % Calculation

Shimao Services 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 )
	=	55.709	/	( ( (1976.847 - 751.871)	+	(1828.816 - 673.44) )	/ 2 )
	=	55.709	/	( (1224.976	+	1155.376)	/ 2 )
	=	55.709	/	1190.176
	=	4.68 %

Shimao Services 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 )
	=	72.018	/	( ( (1828.816 - 673.44)	+	(1861.295 - 693.321) )	/ 2 )
	=	72.018	/	( ( 1155.376	+	1167.974 )	/ 2 )
	=	72.018	/	1161.675
	=	6.20 %

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

Shimao Services Holdings (FRA:5GO) 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.

Shimao Services Holdings ROCE % Related Terms

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Shimao Services Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Shimao Services Holdings Ltd (FRA:5GO) » Definitions » ROCE %

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Traded in Other Exchanges

00873:Hong Kong

Address

No. 55, West Weifang Road, 26th Floor, Shanghai Shimao Tower, Shanghai, CHN, 200120

Website

https://www.shimaofuwu.com

Shimao Services Holdings Ltd is a property management and community living service provider in the PRC. The company operates in business in four segments namely property management services; community value-added services; value-added services to non-property owners and city services. It offers a wide range of property management services to property developers, property owners and residents. Its value-added services to non-property owners include sales office management services; preliminary planning and design consultancy services; and repair and maintenance services. It derives maximum revenue from Property management services.

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