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China Innovation Investment (HKSE:01217) ROCE % : 2.95% (As of Jun. 2024)


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What is China Innovation Investment 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. China Innovation Investment's annualized ROCE % for the quarter that ended in Jun. 2024 was 2.95%.


China Innovation Investment ROCE % Historical Data

The historical data trend for China Innovation Investment'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.

* Premium members only.

China Innovation Investment ROCE % Chart

China Innovation Investment Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.45 -1.44 -5.34 0.99 0.41

China Innovation Investment 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.88 1.06 2.52 -1.74 2.95

China Innovation Investment ROCE % Calculation

China Innovation Investment'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 )
=2.27/( ( (564.027 - 0.77) + (550.218 - 1.169) )/ 2 )
=2.27/( (563.257+549.049)/ 2 )
=2.27/556.153
=0.41 %

China Innovation Investment'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 )
=16.336/( ( (550.218 - 1.169) + (557.684 - 0.973) )/ 2 )
=16.336/( ( 549.049 + 556.711 )/ 2 )
=16.336/552.88
=2.95 %

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

* 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.


China Innovation Investment  (HKSE:01217) 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.


China Innovation Investment ROCE % Related Terms

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China Innovation Investment Business Description

Traded in Other Exchanges
N/A
Address
No. 9 Des Voeux Road West, 26th Floor, Sheung Wan, HKG
China Innovation Investment Ltd is an investment holding company. Its investment objective is to invest in listed and unlisted companies primarily in Hong Kong and the PRC. The company invests in listed and non-listed and civil and military joint ventures to strive for medium-term gains from capital appreciation. The majority of the revenue is derived from its investment activities from Hong Kong.
Executives
China Technology Education Trust Association
Zhong Guo Qu Shi Kong Gu You Xian Gong Si 2201 Interest of corporation controlled by you
Harvest Rise Investments Limited 2101 Beneficial owner

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