HKHGF (Hongkong Land Holdings) ROCE % : -3.39% (As of Jun. 2024)

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What is Hongkong Land 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. Hongkong Land Holdings's annualized ROCE % for the quarter that ended in Jun. 2024 was -3.39%.

Hongkong Land Holdings ROCE % Historical Data

The historical data trend for Hongkong Land 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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Hongkong Land Holdings ROCE % Chart

Hongkong Land Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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1.55

-5.49

0.13

1.34

-0.51

Hongkong Land Holdings Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															2.24	0.43	-0.79	-0.25	-3.39

Hongkong Land Holdings ROCE % Calculation

Hongkong Land 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 )
	=	-201	/	( ( (42596.8 - 2415)	+	(40767.9 - 2677.3) )	/ 2 )
	=	-201	/	( (40181.8	+	38090.6)	/ 2 )
	=	-201	/	39136.2
	=	-0.51 %

Hongkong Land 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 )
	=	-1264.6	/	( ( (40767.9 - 2677.3)	+	(38799.8 - 2232.1) )	/ 2 )
	=	-1264.6	/	( ( 38090.6	+	36567.7 )	/ 2 )
	=	-1264.6	/	37329.15
	=	-3.39 %

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

Hongkong Land Holdings (OTCPK:HKHGF) 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.

Hongkong Land Holdings ROCE % Related Terms

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Hongkong Land Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Hongkong Land Holdings Ltd (OTCPK:HKHGF) » Definitions » ROCE %

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Traded in Other Exchanges

HNGKY:USA H78:Singapore HKLD:UK HLH:Germany

Address

33-35 Street, Jardine House, 4th Floor, Hamilton, BMU

Website

https://www.hkland.com

Hongkong Land is a property investor focusing on holding prime commercial assets in Hong Kong, mainland China and Singapore. It is the largest office landlord in Hong Kong's Central Business District, and the second largest in Hong Kong overall. The Central portfolio includes 4.1 million square feet of office space and 0.5 million square feet of retail space. The company also holds 1.6 million square feet of office space in Singapore. The company also has property development business in mainland China, Singapore, and Southeast Asia. Hongkong Land is dual listed on the London Stock Exchange and the Singapore Exchange. Jardine Matheson Holdings owns 53% of the company.