Zhong Ao Home Group (HKSE:01538) ROCE % : 9.16% (As of Dec. 2023)

View and export this data going back to 2015. Start your Free Trial

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 Dec. 2023 was 9.16%.

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

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
ROCE %	Get a 7-Day Free Trial														15.03	18.25	7.44	15.30	9.16

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 Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	105.902	/	( ( (2160.996 - 1017.959)	+	(2261.117 - 1090.988) )	/ 2 )
	=	105.902	/	( ( 1143.037	+	1170.129 )	/ 2 )
	=	105.902	/	1156.583
	=	9.16 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

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

Thank you for viewing the detailed overview of Zhong Ao Home Group's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Zhong Ao Home Group (HKSE:01538) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Zhong Ao Home Group Ltd (HKSE:01538) » Definitions » ROCE %

Comparable Companies

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

Website

http://www.gdzawy.com

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 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

Zhong Ao Home Group (HKSE:01538) Headlines

No Headlines