China Vocational Education Holdings (HKSE:01756) ROCE % : 10.52% (As of Feb. 2024)

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What is China Vocational Education Holdings 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 Vocational Education Holdings's annualized ROCE % for the quarter that ended in Feb. 2024 was 10.52%.

China Vocational Education Holdings ROCE % Historical Data

The historical data trend for China Vocational Education Holdings'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 Vocational Education Holdings ROCE % Chart

China Vocational Education Holdings Annual Data

Trend

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Aug24

ROCE %

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10.06

5.10

7.23

8.86

10.19

China Vocational Education Holdings Semi-Annual Data
	Aug17	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24	Aug24
ROCE %	Get a 7-Day Free Trial									6.70	10.15	7.98	10.52	10.07

China Vocational Education Holdings ROCE % Calculation

China Vocational Education Holdings's annualized ROCE % for the fiscal year that ended in Aug. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	536.385	/	( ( (7694.027 - 1582.346)	+	(7854.414 - 1857.86) )	/ 2 )
	=	536.385	/	( (6111.681	+	5996.554)	/ 2 )
	=	536.385	/	6054.1175
	=	8.86 %

China Vocational Education Holdings's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Aug. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Aug. 2023 )		(Q: Feb. 2024 )
	=	633.476	/	( ( (7854.414 - 1857.86)	+	(7566.849 - 1519.414) )	/ 2 )
	=	633.476	/	( ( 5996.554	+	6047.435 )	/ 2 )
	=	633.476	/	6021.9945
	=	10.52 %

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

China Vocational Education Holdings (HKSE:01756) 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 Vocational Education Holdings ROCE % Related Terms

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China Vocational Education Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » China Vocational Education Holdings Ltd (HKSE:01756) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 11 Huali Road, The Administration Building of Guangzhou, Huali Science and Technology Town, Zengcheng District, Guangzhou, Guangdong, CHN

Website

https://www.cveduholdings.com

China Vocational Education Holdings Ltd is a provider of private higher education and vocational education offering applied science-focused and practice-oriented programs. Its schools offer private higher education and private vocational education in fields of applied sciences to prepare students with the necessary knowledge base, skill sets, and accreditations to secure jobs and pursue careers in particular professions, trades, and industries.

Executives

Zhang Yude	2305 Beneficiary of a trust
Hl-diamond Limited	2201 Interest of corporation controlled by you
Huali Education Holdings Limited	2101 Beneficial owner
Ubs Trustees (b.v.i.) Limited	2301 Trustee
Zhang Zhifeng	2307 Founder of a discretionary trust who can infl
51job, Inc	2101 Beneficial owner

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