Jiande International Holdings (HKSE:00865) ROCE % : 4.78% (As of Dec. 2023)

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What is Jiande International Holdings 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. Jiande International Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 4.78%.

Jiande International Holdings ROCE % Historical Data

The historical data trend for Jiande International Holdings'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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Jiande International Holdings ROCE % Chart

Jiande International Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.33

18.98

0.88

5.28

1.90

Jiande International Holdings 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															2.82	9.35	1.13	-0.91	4.78

Jiande International Holdings ROCE % Calculation

Jiande International Holdings'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 )
	=	17.523	/	( ( (1517.138 - 572.351)	+	(1314.505 - 414.02) )	/ 2 )
	=	17.523	/	( (944.787	+	900.485)	/ 2 )
	=	17.523	/	922.636
	=	1.90 %

Jiande International Holdings'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 )
	=	43.596	/	( ( (1578.728 - 654.342)	+	(1314.505 - 414.02) )	/ 2 )
	=	43.596	/	( ( 924.386	+	900.485 )	/ 2 )
	=	43.596	/	912.4355
	=	4.78 %

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

Jiande International Holdings (HKSE:00865) 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.

Jiande International Holdings ROCE % Related Terms

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Jiande International Holdings (HKSE:00865) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Jiande International Holdings Ltd (HKSE:00865) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

20 Westlands Road, Room 401–402, 4th Floor, Westlands Centre, Quarry Bay, Hong Kong, HKG

Website

http://www.jiande-intl.com

Jiande International Holdings Ltd is an investment company engaged in the development and sale of properties. It generates revenue from the sale of residential units so developed. The Group is engaged in the property development and revenue represents the net amounts received and receivable for properties sold by the Group in the normal course of business to customers. Geographically, it derives the majority of its revenue from the PRC.

Executives

Talent Connect Investments Limited	2101 Beneficial owner
Fame Build Holdings Limited	2101 Beneficial owner
Tsoi Kin Sze	2201 Interest of corporation controlled by you
Shie Tak Chung	2201 Interest of corporation controlled by you

Jiande International Holdings (HKSE:00865) Headlines

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