Glory Sun Land Group (HKSE:00299) ROCE % : -36.42% (As of Dec. 2023)

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What is Glory Sun Land 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. Glory Sun Land Group's annualized ROCE % for the quarter that ended in Dec. 2023 was -36.42%.

Glory Sun Land Group ROCE % Historical Data

The historical data trend for Glory Sun Land 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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Glory Sun Land Group ROCE % Chart

Glory Sun Land Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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16.55

-2.35

3.44

-13.72

-20.13

Glory Sun Land Group 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															5.13	-9.58	-15.54	-9.14	-36.42

Glory Sun Land Group ROCE % Calculation

Glory Sun Land Group'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 )
	=	-758.149	/	( ( (16684.537 - 12160.357)	+	(11147.598 - 8138.485) )	/ 2 )
	=	-758.149	/	( (4524.18	+	3009.113)	/ 2 )
	=	-758.149	/	3766.6465
	=	-20.13 %

Glory Sun Land Group'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 )
	=	-1156.744	/	( ( (12399.746 - 9056.833)	+	(11147.598 - 8138.485) )	/ 2 )
	=	-1156.744	/	( ( 3342.913	+	3009.113 )	/ 2 )
	=	-1156.744	/	3176.013
	=	-36.42 %

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

Glory Sun Land Group (HKSE:00299) 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.

Glory Sun Land Group ROCE % Related Terms

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Glory Sun Land Group (HKSE:00299) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Glory Sun Land Group Ltd (HKSE:00299) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Tower Two, Lippo Centre, Unit 1305, 13th Floor, No. 89 Queensway, Admiralty, Hong Kong, HKG

Website

http://www.hk0299.com

Glory Sun Land Group Ltd is engaged in the trading of commodities in the People's Republic of China. The company's business segments are The real estate and property investment segment includes property development and property investment, the Trading of commodities segment includes the trading of commodities, the Construction segment includes the provision of construction works, Others segment includes the operation of a golf practicing court, operation of children's playrooms, operation of fitness rooms, operation of a karaoke box, and trading of home appliances and building materials.

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