Capital Estate (HKSE:00193) ROCE % : 1.24% (As of Jan. 2024)

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What is Capital Estate 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. Capital Estate's annualized ROCE % for the quarter that ended in Jan. 2024 was 1.24%.

Capital Estate ROCE % Historical Data

The historical data trend for Capital Estate'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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Capital Estate ROCE % Chart

Capital Estate Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

ROCE %

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22.76

-3.00

-1.75

-8.50

-4.24

Capital Estate Semi-Annual Data
	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
ROCE %	Get a 7-Day Free Trial															-11.22	-5.52	-2.94	-5.51	1.24

Capital Estate ROCE % Calculation

Capital Estate's annualized ROCE % for the fiscal year that ended in Jul. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	-34.526	/	( ( (980.884 - 139.455)	+	(803.942 - 17.131) )	/ 2 )
	=	-34.526	/	( (841.429	+	786.811)	/ 2 )
	=	-34.526	/	814.12
	=	-4.24 %

Capital Estate's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Jul. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Jul. 2023 )		(Q: Jan. 2024 )
	=	9.814	/	( ( (803.942 - 17.131)	+	(805.273 - 15.092) )	/ 2 )
	=	9.814	/	( ( 786.811	+	790.181 )	/ 2 )
	=	9.814	/	788.496
	=	1.24 %

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

Capital Estate (HKSE:00193) 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.

Capital Estate ROCE % Related Terms

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Capital Estate (HKSE:00193) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Capital Estate Ltd (HKSE:00193) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

13th Floor, Bonham Majoris, 40 Bonham Strand, Sheung Wan, Hong Kong, HKG

Website

http://www.capitalestate.com.hk

Capital Estate Ltd is a Hong Kong-based investment holding company. The company operates through three segments: Hotel Operations which is engaged in hotel businesses and the provision of related services; Financial Investment segment which is involved in the trading of listed securities and other financial instruments; Property segment which engages in leasing and sales of properties and Consumer finance which involves provision of consumer finance service. The majority of its revenue is derived from the Financial Investment. Geographically, it generates maximum revenue from Mainland China.

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