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Zhong Ao Home Group (HKSE:01538) ROCE % : 14.87% (As of Jun. 2024)


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What is Zhong Ao Home 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. Zhong Ao Home Group's annualized ROCE % for the quarter that ended in Jun. 2024 was 14.87%.


Zhong Ao Home Group ROCE % Historical Data

The historical data trend for Zhong Ao Home 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.

* Premium members only.

Zhong Ao Home Group ROCE % Chart

Zhong Ao Home Group 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 24.85 24.66 19.54 12.30 12.15

Zhong Ao Home Group 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 18.25 7.44 15.30 9.16 14.87

Zhong Ao Home Group ROCE % Calculation

Zhong Ao Home 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 )
=140.1/( ( (2185.545 - 1049.533) + (2261.117 - 1090.988) )/ 2 )
=140.1/( (1136.012+1170.129)/ 2 )
=140.1/1153.0705
=12.15 %

Zhong Ao Home Group'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 )
=175.6/( ( (2261.117 - 1090.988) + (2227.347 - 1035.947) )/ 2 )
=175.6/( ( 1170.129 + 1191.4 )/ 2 )
=175.6/1180.7645
=14.87 %

(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.


Zhong Ao Home Group  (HKSE:01538) 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.


Zhong Ao Home Group ROCE % Related Terms

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Zhong Ao Home Group Business Description

Traded in Other Exchanges
N/A
Address
2 Baichen Lu, Chihua She Qu, 1601 Block 1, Pacific Dingwang Commercial Center, Chencun Town, Shunde District, Foshan, CHN
Zhong Ao Home Group Ltd is an investment holding company mainly engaged in the provision of property management services, sales assistance services, provision of cleaning and greening services, and provision of real estate agency services in the People's Republic of China. All of the activities are carried out across China which represents the Southern Region, Eastern and Central Region, and the Northern Region. It generates a vast majority of its revenues from the property management business.
Executives
Liu Jian 2307 Founder of a discretionary trust who can infl
Hilton Assets (ptc) Limited 2301 Trustee
Qichang International Limited 2101 Beneficial owner
Greentown Service Group Co. Ltd. 2101 Beneficial owner

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