China New Higher Education Group (FRA:8CN) ROCE % : 20.95% (As of Feb. 2024)

View and export this data going back to 2018. Start your Free Trial

What is China New Higher Education Group 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 New Higher Education Group's annualized ROCE % for the quarter that ended in Feb. 2024 was 20.95%.

China New Higher Education Group ROCE % Historical Data

The historical data trend for China New Higher Education Group'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.

* Premium members only.

China New Higher Education Group ROCE % Chart

China New Higher Education Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Aug20

Aug21

Aug22

Aug23

ROCE %

Get a 7-Day Free Trial

16.84

18.52

16.08

16.00

China New Higher Education Group Semi-Annual Data
	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
ROCE %	Get a 7-Day Free Trial													18.04	13.56	17.19	15.14	20.95

China New Higher Education Group ROCE % Calculation

China New Higher Education Group's annualized ROCE % for the fiscal year that ended in Aug. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	125.169	/	( ( (1316.803 - 459.104)	+	(1169.306 - 462.569) )	/ 2 )
	=	125.169	/	( (857.699	+	706.737)	/ 2 )
	=	125.169	/	782.218
	=	16.00 %

China New Higher Education Group's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Aug. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Aug. 2023 )		(Q: Feb. 2024 )
	=	151.798	/	( ( (1169.306 - 462.569)	+	(1190.736 - 448.428) )	/ 2 )
	=	151.798	/	( ( 706.737	+	742.308 )	/ 2 )
	=	151.798	/	724.5225
	=	20.95 %

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

China New Higher Education Group (FRA:8CN) 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 New Higher Education Group ROCE % Related Terms

Thank you for viewing the detailed overview of China New Higher Education Group's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

China New Higher Education Group (FRA:8CN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » China New Higher Education Group Ltd (FRA:8CN) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

02001:Hong Kong

Address

5A Shuguang Xili Street, 20th floor, Tower F, Phoenix Place, Chaoyang District, Beijing, CHN

Website

https://www.xingaojiao.com

China New Higher Education Group, or CNHE, is a leading higher education group in China. Its school network spans seven provinces. Total enrolled students reached about 140,000 for the academic year 2023/24 from 33,462 students as of December 2016. The rapid expansion is primarily attributable to school acquisitions. CNHE currently operates eight schools, up from only two schools in 2016.

China New Higher Education Group (FRA:8CN) Headlines

No Headlines