DevGreat Group (HKSE:00755) ROCE % : -81.41% (As of Jun. 2024)

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What is DevGreat 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. DevGreat Group's annualized ROCE % for the quarter that ended in Jun. 2024 was -81.41%.

DevGreat Group ROCE % Historical Data

The historical data trend for DevGreat 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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DevGreat Group ROCE % Chart

DevGreat Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-4.84

-0.20

-59.37

599.93

9.49

DevGreat Group Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															-	5,564.22	13.27	5.17	-81.41

DevGreat Group ROCE % Calculation

DevGreat 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 )
	=	178.592	/	( ( (6526.021 - 4785.765)	+	(4890.86 - 2865.543) )	/ 2 )
	=	178.592	/	( (1740.256	+	2025.317)	/ 2 )
	=	178.592	/	1882.7865
	=	9.49 %

DevGreat Group's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	-1049.038	/	( ( (4890.86 - 2865.543)	+	(4345.599 - 3793.807) )	/ 2 )
	=	-1049.038	/	( ( 2025.317	+	551.792 )	/ 2 )
	=	-1049.038	/	1288.5545
	=	-81.41 %

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

DevGreat Group (HKSE:00755) 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.

DevGreat Group ROCE % Related Terms

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DevGreat Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » DevGreat Group Ltd (HKSE:00755) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

30 Harbour Road, Room 2429-2430, 24th Floor, Sun Hung Kai Centre, Wanchai, Hong Kong, HKG

Website

http://www.zendaiproperty.com

DevGreat Group Ltd formerly, Shanghai Zendai Property Ltd is an investment holding company in the property development business. It is organized into three operating segments: Sales of properties; Hotel operations; and Property rental, management, and agency services. The majority of its revenue is derived from the Property rental, management, and agency services segment. All of the group's revenues are derived from the People's Republic of China.

Executives

Central Huijin Investment Ltd.	2201 Interest of corporation controlled by you
Innumberable Fortune Limited	2101 Beneficial owner
Li Zhen	2201 Interest of corporation controlled by you
Nantong Sanjian Holding (hk) Co., Limited	2101 Beneficial owner
Nan Tong San Jian Kong Gu You Xian Gong Si	2106 Person having a security interest in shares
China Orient Asset Management (international) Holding Limited	2106 Person having a security interest in shares
China Orient Asset Management Co., Ltd.	2201 Interest of corporation controlled by you
Dong Yin Development (holdings) Limited	2201 Interest of corporation controlled by you
Wise Leader Assets Ltd.	2201 Interest of corporation controlled by you

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