Sky Chinafortune Holdings Group (HKSE:00141) ROCE % : -9.47% (As of Jun. 2022)

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What is Sky Chinafortune Holdings 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. Sky Chinafortune Holdings Group's annualized ROCE % for the quarter that ended in Jun. 2022 was -9.47%.

Sky Chinafortune Holdings Group ROCE % Historical Data

The historical data trend for Sky Chinafortune Holdings 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.

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Sky Chinafortune Holdings Group ROCE % Chart

Sky Chinafortune Holdings Group Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

ROCE %

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10.16

-0.23

1.48

0.10

-5.30

Sky Chinafortune Holdings Group Semi-Annual Data
	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22
ROCE %	Get a 7-Day Free Trial															1.13	-0.88	2.01	-12.60	-9.47

Sky Chinafortune Holdings Group ROCE % Calculation

Sky Chinafortune Holdings Group's annualized ROCE % for the fiscal year that ended in Dec. 2021 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	-37.808	/	( ( (764.71 - 30.24)	+	(723.674 - 32.362) )	/ 2 )
	=	-37.808	/	( (734.47	+	691.312)	/ 2 )
	=	-37.808	/	712.891
	=	-5.30 %

Sky Chinafortune Holdings Group's ROCE % of for the quarter that ended in Jun. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2022 )		(Q: Dec. 2021 )		(Q: Jun. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2022 )		(Q: Dec. 2021 )		(Q: Jun. 2022 )
	=	-62.534	/	( ( (723.674 - 32.362)	+	(657.367 - 27.616) )	/ 2 )
	=	-62.534	/	( ( 691.312	+	629.751 )	/ 2 )
	=	-62.534	/	660.5315
	=	-9.47 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2022) EBIT data.

Sky Chinafortune Holdings Group (HKSE:00141) 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.

Sky Chinafortune Holdings Group ROCE % Related Terms

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Sky Chinafortune Holdings Group (HKSE:00141) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Sky Chinafortune Holdings Group Ltd (HKSE:00141) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

16-18 Queen’s Road Central, Room 1512, 15th Floor, New World Tower 1, Hong Kong, HKG

Website

http://www.skychinafortune.com

Sky Chinafortune Holdings Group Ltd is an investment holding company. It operates in three segments: Property investment, which includes leasing of properties situated in China; Trading of properties & property-related services, which is into the sale of properties situated in China, including the short-term leasing of properties held for sales and the provision of property-related services; and Retail business segment is into the sale of Chinese liquor and wine, and everyday items and ready-cooked food in the PRC. The majority of its revenue comes from the Property investment segment. The group has operations in the PRC.

Executives

Jiang Jiabao	2101 Beneficial owner
Jiang Tian	2101 Beneficial owner
Hopevision Group Ltd.	2101 Beneficial owner
Shanghai Chongsheng Investment Management Co., Ltd.	2201 Interest of corporation controlled by you

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