Scholar Education Group (HKSE:01769) ROCE % : 35.10% (As of Jun. 2024)

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What is Scholar Education 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. Scholar Education Group's annualized ROCE % for the quarter that ended in Jun. 2024 was 35.10%.

Scholar Education Group ROCE % Historical Data

The historical data trend for Scholar Education 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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Scholar Education Group ROCE % Chart

Scholar Education Group Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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9.07

4.85

10.50

23.44

26.50

Scholar Education Group Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
ROCE %	Get a 7-Day Free Trial											49.24	20.49	26.83	35.10	19.89

Scholar Education Group ROCE % Calculation

Scholar Education 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 )
	=	134.132	/	( ( (843.036 - 335.862)	+	(1130.109 - 493.024) )	/ 2 )
	=	134.132	/	( (507.174	+	637.085)	/ 2 )
	=	134.132	/	572.1295
	=	23.44 %

Scholar Education 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 )
	=	245.062	/	( ( (1130.109 - 493.024)	+	(1253.623 - 494.412) )	/ 2 )
	=	245.062	/	( ( 637.085	+	759.211 )	/ 2 )
	=	245.062	/	698.148
	=	35.10 %

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

Scholar Education Group (HKSE:01769) 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.

Scholar Education Group ROCE % Related Terms

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Scholar Education Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Scholar Education Group (HKSE:01769) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

29 Youyi Road, Rooms 401-410, 4th Floor, Yunfeng Garden, Jianan Community, Nanhu Street, Luohu District, Shenzhen, CHN, 518049

Website

https://www.skledu.com

Scholar Education Group is a China-based investment holding company. The Company is principally engaged in the provision of after school education services through academic preparation program and early primary education program. The academic preparation program is delivered under Sheng Xue brand, and the early primary education program is delivered under Le Xue brand. The Company principally conducts its businesses in Guangdong, China.

Executives

Brown Brothers Harriman & Co.	2502 Approved lending agent
Fidelity Funds	2101 Beneficial owner
Pandanus Partners L.p.	2201 Interest of corporation controlled by you
Pandanus Associates Inc.	2201 Interest of corporation controlled by you
Fil Limited	2201 Interest of corporation controlled by you
The Bank Of New York Mellon Corporation	2201 Interest of corporation controlled by you
Yu Xi International Company Limited	2201 Interest of corporation controlled by you
Chen Qiyuan	2201 Interest of corporation controlled by you
Sky Noon International Company Limited	2101 Beneficial owner
China Great Wall Amc (international) Holdings Company Limited	2201 Interest of corporation controlled by you
China Resources Company Limited	2201 Interest of corporation controlled by you
Cre Alliance Fund I L.p.	2201 Interest of corporation controlled by you
Chen Hongyu	2101 Beneficial owner
Cre Alliance Fund I Lp Limited	2201 Interest of corporation controlled by you
Cre Glory Company Limited	2101 Beneficial owner

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