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.

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China Innovation Investment ROCE % Chart

China Innovation Investment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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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															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.

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

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » China Innovation Investment Ltd (HKSE:01217) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 9 Des Voeux Road West, 26th Floor, Sheung Wan, HKG

Website

https://www.1217.com.hk

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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