Carnival Group International Holdings (HKSE:00996) ROCE % : -7.36% (As of Jun. 2021)

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What is Carnival Group 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. Carnival Group International Holdings's annualized ROCE % for the quarter that ended in Jun. 2021 was -7.36%.

Carnival Group International Holdings ROCE % Historical Data

The historical data trend for Carnival Group 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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Carnival Group International Holdings ROCE % Chart

Carnival Group International Holdings Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

ROCE %

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0.43

4.45

-24.94

-22.67

-46.12

Carnival Group International Holdings Semi-Annual Data
	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21
ROCE %	Get a 7-Day Free Trial															-7.57	-33.52	-1.67	-148.28	-7.36

Carnival Group International Holdings ROCE % Calculation

Carnival Group International Holdings's annualized ROCE % for the fiscal year that ended in Dec. 2020 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	-2787.428	/	( ( (18479.335 - 8558.555)	+	(17570.311 - 15404.401) )	/ 2 )
	=	-2787.428	/	( (9920.78	+	2165.91)	/ 2 )
	=	-2787.428	/	6043.345
	=	-46.12 %

Carnival Group International Holdings's ROCE % of for the quarter that ended in Jun. 2021 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2021 )		(Q: Dec. 2020 )		(Q: Jun. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2021 )		(Q: Dec. 2020 )		(Q: Jun. 2021 )
	=	-149.794	/	( ( (17570.311 - 15404.401)	+	(17641.669 - 15739.412) )	/ 2 )
	=	-149.794	/	( ( 2165.91	+	1902.257 )	/ 2 )
	=	-149.794	/	2034.0835
	=	-7.36 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2021) EBIT data.

Carnival Group International Holdings (HKSE:00996) 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.

Carnival Group International Holdings ROCE % Related Terms

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Carnival Group International Holdings (HKSE:00996) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Carnival Group International Holdings Ltd (HKSE:00996) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

61-65 Des Voeux Road, Suites 1106-08, 11th Floor, The Chinese Bank Building, Hong Kong, HKG

Website

http://www.0996.com.hk

Carnival Group International Holdings Ltd is an investment holding company. It operates through four segments namely Property development and investment segment, which is the key revenue driver, includes developing residential and commercial properties in the PRC and Hong Kong for sales and leasing; Trading and investment business includes investing in securities and financial instruments; Hotel operations including hotel accommodation, food and banquet operations; Others providing retail-related consultancy, management services, operating kids edutainment center, touring carnival and operating restaurants in Hong Kong.

Executives

Great Sharp International Limited	2106 Person having a security interest in shares
Qian Tiwei	2201 Interest of corporation controlled by you
Fresh Idea Ventures Limited	2106 Person having a security interest in shares
Huarong International Financial Holdings Limited	2201 Interest of corporation controlled by you
Zhong Guo Hua Rong Zi Chan Guan Li Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Chu Yuet Wah
Ample Cheer Limited	2201 Interest of corporation controlled by you
Kingston Finance Limited	2101 Beneficial owner
Better Joint Venture Limited
King Pak Fu
Elite Mile Investments Limited

Carnival Group International Holdings (HKSE:00996) Headlines

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