XinKong International Capital Holdings (FRA:93W) ROCE % : 31.73% (As of Jun. 2024)

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What is XinKong International Capital 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. XinKong International Capital Holdings's annualized ROCE % for the quarter that ended in Jun. 2024 was 31.73%.

XinKong International Capital Holdings ROCE % Historical Data

The historical data trend for XinKong International Capital 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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XinKong International Capital Holdings ROCE % Chart

XinKong International Capital Holdings Annual Data

Trend

Apr14

Apr15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-4.31

-10.71

-9.73

-32.02

-9.99

XinKong International Capital Holdings Semi-Annual Data
	Oct14	Apr15	Oct15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															-31.22	-27.39	-21.93	7.74	31.73

XinKong International Capital Holdings ROCE % Calculation

XinKong International Capital 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 )
	=	-28.104	/	( ( (695.014 - 265.105)	+	(460.069 - 327.342) )	/ 2 )
	=	-28.104	/	( (429.909	+	132.727)	/ 2 )
	=	-28.104	/	281.318
	=	-9.99 %

XinKong International Capital 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 )
	=	60.096	/	( ( (460.069 - 327.342)	+	(314.958 - 68.932) )	/ 2 )
	=	60.096	/	( ( 132.727	+	246.026 )	/ 2 )
	=	60.096	/	189.3765
	=	31.73 %

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

XinKong International Capital Holdings (FRA:93W) 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.

XinKong International Capital Holdings ROCE % Related Terms

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XinKong International Capital Holdings Business Description

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00993:Hong Kong

Address

60 Gloucester Road, 15th Floor, China Huarong Tower, Wanchai, Hong Kong, HKG

Website

http://www.hrif.com.hk

Huarong International Financial Holdings Ltd is a finance company that provides brokerage services on securities, investment banking, futures, and asset management. The company operates through four segments. The securities segment which derives key revenue, is composed of the brokerage and trading of securities, futures and options contracts, and margin financing services. The corporate finance segment provides securities underwriting, sponsoring, and financial advisory services to institutional clients. The asset management and direct investment segment consists of asset management services and direct investments in equities, bonds, funds, and other financial products. The financial services and others segment comprises finance lease services and business consulting services.

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