Zhong Jia Guo Xin Holdings Co (HKSE:00899) ROCE % : -1.88% (As of Sep. 2023)

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What is Zhong Jia Guo Xin Holdings Co 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. Zhong Jia Guo Xin Holdings Co's annualized ROCE % for the quarter that ended in Sep. 2023 was -1.88%.

Zhong Jia Guo Xin Holdings Co ROCE % Historical Data

The historical data trend for Zhong Jia Guo Xin Holdings Co'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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Zhong Jia Guo Xin Holdings Co ROCE % Chart

Zhong Jia Guo Xin Holdings Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-6.75

-16.82

4.66

-15.77

-13.17

Zhong Jia Guo Xin Holdings Co Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial															5.76	-37.23	-1.69	-24.07	-1.88

Zhong Jia Guo Xin Holdings Co ROCE % Calculation

Zhong Jia Guo Xin Holdings Co's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	-220.159	/	( ( (1911.672 - 163.001)	+	(1742.847 - 146.955) )	/ 2 )
	=	-220.159	/	( (1748.671	+	1595.892)	/ 2 )
	=	-220.159	/	1672.2815
	=	-13.17 %

Zhong Jia Guo Xin Holdings Co's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	-29.378	/	( ( (1742.847 - 146.955)	+	(1673.395 - 136.324) )	/ 2 )
	=	-29.378	/	( ( 1595.892	+	1537.071 )	/ 2 )
	=	-29.378	/	1566.4815
	=	-1.88 %

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

Zhong Jia Guo Xin Holdings Co (HKSE:00899) 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.

Zhong Jia Guo Xin Holdings Co ROCE % Related Terms

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Zhong Jia Guo Xin Holdings Co (HKSE:00899) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Zhong Jia Guo Xin Holdings Co Ltd (HKSE:00899) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Connaught Road Central, Room 2601, 26th Floor, West Tower, Shun Tak Centre, Sheung Wan, Hong Kong, HKG, 168-200

Website

http://www.asiaresources899.com.hk

Zhong Jia Guo Xin Holdings Co Ltd is an investment holding company. The company's principle activities include mining business, water business, property development and property investments.

Executives

Green Deer Holdings Limited	2101 Beneficial owner
Lam Pik Lam	2201 Interest of corporation controlled by you
Liang Shulian	2101 Beneficial owner
Full Tenda Development Limited	2101 Beneficial owner
Yao Jigen	2201 Interest of corporation controlled by you
Li Yuguo	2101 Beneficial owner

Zhong Jia Guo Xin Holdings Co (HKSE:00899) Headlines

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