Great China Holdings (Hong Kong) (HKSE:00021) ROCE % : -6.26% (As of Dec. 2023)

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What is Great China Holdings (Hong Kong) 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. Great China Holdings (Hong Kong)'s annualized ROCE % for the quarter that ended in Dec. 2023 was -6.26%.

Great China Holdings (Hong Kong) ROCE % Historical Data

The historical data trend for Great China Holdings (Hong Kong)'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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Great China Holdings (Hong Kong) ROCE % Chart

Great China Holdings (Hong Kong) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-0.32

-7.14

-4.10

4.87

-0.31

Great China Holdings (Hong Kong) Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-4.59	6.42	3.25	5.46	-6.26

Great China Holdings (Hong Kong) ROCE % Calculation

Great China Holdings (Hong Kong)'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 )
	=	-3.229	/	( ( (2208.158 - 1146.403)	+	(2219.087 - 1215.939) )	/ 2 )
	=	-3.229	/	( (1061.755	+	1003.148)	/ 2 )
	=	-3.229	/	1032.4515
	=	-0.31 %

Great China Holdings (Hong Kong)'s ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-62.852	/	( ( (2135.671 - 1130.477)	+	(2219.087 - 1215.939) )	/ 2 )
	=	-62.852	/	( ( 1005.194	+	1003.148 )	/ 2 )
	=	-62.852	/	1004.171
	=	-6.26 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Great China Holdings (Hong Kong) (HKSE:00021) 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.

Great China Holdings (Hong Kong) ROCE % Related Terms

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Great China Holdings (Hong Kong) (HKSE:00021) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Great China Holdings (Hong Kong) Ltd (HKSE:00021) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

Central Plaza, 18 Harbour Road, Suite 6403A-4, 64th Floor, Wanchai, Hong Kong, HKG

Website

http://www.greatchinaproperties.com

Great China Holdings (Hong Kong) Ltd formerly Great China Properties Holdings Ltd is engaged in real estate development and management. It projects of the company include the gold coast project, the tanghai county project, the daya bay project, the jin bao cheng project, the hong hai bay project, and the Heqing project. It has a single reportable segment based on the location of the operations, which is a property development and investment located in the PRC. The firm generates its revenue from the sale and management of properties.

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