China Merchants Commercial REIT (HKSE:01503) ROCE % : -1.81% (As of Jun. 2024)

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What is China Merchants Commercial REIT 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 Merchants Commercial REIT's annualized ROCE % for the quarter that ended in Jun. 2024 was -1.81%.

China Merchants Commercial REIT ROCE % Historical Data

The historical data trend for China Merchants Commercial REIT'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 Merchants Commercial REIT ROCE % Chart

China Merchants Commercial REIT Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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0.86

6.28

7.47

-0.03

-0.39

China Merchants Commercial REIT Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial										1.44	-1.06	0.25	-1.05	-1.81

China Merchants Commercial REIT ROCE % Calculation

China Merchants Commercial REIT'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 )
	=	-43.74	/	( ( (12087.722 - 519.376)	+	(11362.095 - 436.703) )	/ 2 )
	=	-43.74	/	( (11568.346	+	10925.392)	/ 2 )
	=	-43.74	/	11246.869
	=	-0.39 %

China Merchants Commercial REIT'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 )
	=	-193.21	/	( ( (11362.095 - 436.703)	+	(11076.21 - 629.483) )	/ 2 )
	=	-193.21	/	( ( 10925.392	+	10446.727 )	/ 2 )
	=	-193.21	/	10686.0595
	=	-1.81 %

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

China Merchants Commercial REIT (HKSE:01503) 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 Merchants Commercial REIT ROCE % Related Terms

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China Merchants Commercial REIT Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » China Merchants Commercial REIT (HKSE:01503) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

5C3:Germany

Address

China Merchants Tower, Shun Tak Centre, Room 2603-2606, 26th Floor, Connaught Road Central, Hong Kong, HKG, 168-200

Website

https://www.cmcreit.com

China Merchants Commercial REIT and its subsidiaries are engaged in property investment. The operating business segments of the company are office buildings and shopping center. Its properties include New Times Plaza, Cyberport Building, Technology Building, Garden City Shopping Centre, and Technology Building 2 among others.

Executives

Pacific Asset Management Co., Ltd.	2501 Other
China Merchants Group Limited	2201 Interest of corporation controlled by you
China Merchants Shekou Industrial Zone Holdings Company Limited	2201 Interest of corporation controlled by you
Eureka Investment Company Limited	2101 Beneficial owner
Hsbc International Trustee Limited	2301 Trustee
Cwl Assets (ptc) Limited	2301 Trustee
K. Wah Properties (holdings) Limited	2201 Interest of corporation controlled by you
Polymate Co., Ltd.	2201 Interest of corporation controlled by you
Premium Capital Profits Limited	2101 Beneficial owner
Star Ii Limited	2201 Interest of corporation controlled by you

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