First Shanghai Investments (HKSE:00227) ROCE % : 1.67% (As of Dec. 2023)

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What is First Shanghai Investments 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. First Shanghai Investments's annualized ROCE % for the quarter that ended in Dec. 2023 was 1.67%.

First Shanghai Investments ROCE % Historical Data

The historical data trend for First Shanghai Investments'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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First Shanghai Investments ROCE % Chart

First Shanghai Investments Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.58

-1.35

-1.97

-1.86

1.66

First Shanghai Investments 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															-2.61	-1.88	-1.84	1.70	1.67

First Shanghai Investments ROCE % Calculation

First Shanghai Investments'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 )
	=	42.44	/	( ( (5900.789 - 3362.043)	+	(5616.782 - 3051.415) )	/ 2 )
	=	42.44	/	( (2538.746	+	2565.367)	/ 2 )
	=	42.44	/	2552.0565
	=	1.66 %

First Shanghai Investments'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 )
	=	42.154	/	( ( (5620.481 - 3132.881)	+	(5616.782 - 3051.415) )	/ 2 )
	=	42.154	/	( ( 2487.6	+	2565.367 )	/ 2 )
	=	42.154	/	2526.4835
	=	1.67 %

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

First Shanghai Investments (HKSE:00227) 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.

First Shanghai Investments ROCE % Related Terms

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First Shanghai Investments (HKSE:00227) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » First Shanghai Investments Ltd (HKSE:00227) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

71 Des Voeux Road Central, Room 1903, Wing On House, Hong Kong, HKG

Website

http://www.firstshanghai.com.hk

First Shanghai Investments Ltd is a financial conglomerate providing stock brokerage, asset management, and corporate finance. The company operates its business in four segments, Financial Services, Property Development, Property Investment and hotel, and Other businesses, of which the majority of its revenues are derived from Financial Services. The Financial Services Sector provides a full range of financial services including securities investment, securities broking, margin financing, corporate finance, underwriting and placements, and asset management. Geographically, it generates maximum revenue from Hong Kong.

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