Red Star Macalline Group (HKSE:01528) ROCE % : 1.34% (As of Mar. 2024)

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What is Red Star Macalline Group 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. Red Star Macalline Group's annualized ROCE % for the quarter that ended in Mar. 2024 was 1.34%.

Red Star Macalline Group ROCE % Historical Data

The historical data trend for Red Star Macalline Group'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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Red Star Macalline Group ROCE % Chart

Red Star Macalline Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.47

5.64

5.31

3.75

0.11

Red Star Macalline Group Quarterly Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															3.42	2.62	-0.72	-5.14	1.34

Red Star Macalline Group ROCE % Calculation

Red Star Macalline Group'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 )
	=	125.808	/	( ( (144594.968 - 28321.663)	+	(135832.691 - 31272.824) )	/ 2 )
	=	125.808	/	( (116273.305	+	104559.867)	/ 2 )
	=	125.808	/	110416.586
	=	0.11 %

Red Star Macalline Group's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	1379.084	/	( ( (135832.691 - 31272.824)	+	(132098.528 - 30605.564) )	/ 2 )
	=	1379.084	/	( ( 104559.867	+	101492.964 )	/ 2 )
	=	1379.084	/	103026.4155
	=	1.34 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Red Star Macalline Group (HKSE:01528) 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.

Red Star Macalline Group ROCE % Related Terms

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Red Star Macalline Group (HKSE:01528) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Red Star Macalline Group Corp Ltd (HKSE:01528) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

601828:China

Address

No. 2/5, Lane 1466, Shenchang Road, Minhang District, Shanghai, CHN

Website

https://www.chinaredstar.com

Red Star Macalline Group Corp Ltd operates home improvement and furnishings shopping malls in China. It has various segments.Owned/Leased Portfolio Shopping Malls segment, which is the key revenue driver, leases floor areas to the tenants and provides management support to them. Managed Shopping Malls segment provides initiation, consultation, and management services to its partners and construction contractors to develop and manage the shopping malls under its own brand. The Construction and design segment provides building installation and decorating services in shopping malls. Sales of merchandise and related services segment include retail sales of home furnishing merchandise and providing related decorating services. All of its revenues are derived from the PRC.

Executives

Taobao China Holding Limited	2101 Beneficial owner
Taobao Holding Limited	2201 Interest of corporation controlled by you
Alibaba Investment Limited	2201 Interest of corporation controlled by you
New Retail Strategic Opportunities Fund Gp, L.p.	2201 Interest of corporation controlled by you
New Retail Strategic Opportunities Fund, L.p.	2201 Interest of corporation controlled by you
New Retail Strategic Opportunities Gp Limited	2201 Interest of corporation controlled by you
New Retail Strategic Opportunities Investments 4 Limited	2101 Beneficial owner
Alibaba Group Holding Limited	2201 Interest of corporation controlled by you
Wong Man Li	2201 Interest of corporation controlled by you
Hui Wai Hing	2202 Interest of your spouse
Man Wah Investments Limited	2101 Beneficial owner
Ubs Trustees (b.v.i.) Limited	2301 Trustee
Xi Xi Development Limited	2201 Interest of corporation controlled by you
New Fortune Star Limited	2201 Interest of corporation controlled by you
Wong Luen Hei	2307 Founder of a discretionary trust who can infl

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