China Gingko Education Group Co (HKSE:01851) ROCE % : 13.38% (As of Dec. 2023)

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What is China Gingko Education Group Co 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 Gingko Education Group Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 13.38%.

China Gingko Education Group Co ROCE % Historical Data

The historical data trend for China Gingko Education Group Co'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 Gingko Education Group Co ROCE % Chart

China Gingko Education Group Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.46

2.74

5.62

12.18

16.48

China Gingko Education Group Co Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial											4.65	12.86	11.55	19.12	13.38

China Gingko Education Group Co ROCE % Calculation

China Gingko Education Group Co'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 )
	=	179.792	/	( ( (1573.329 - 557.778)	+	(1596.259 - 429.828) )	/ 2 )
	=	179.792	/	( (1015.551	+	1166.431)	/ 2 )
	=	179.792	/	1090.991
	=	16.48 %

China Gingko Education Group Co'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 )
	=	154	/	( ( (1360.648 - 225.391)	+	(1596.259 - 429.828) )	/ 2 )
	=	154	/	( ( 1135.257	+	1166.431 )	/ 2 )
	=	154	/	1150.844
	=	13.38 %

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

China Gingko Education Group Co (HKSE:01851) 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 Gingko Education Group Co ROCE % Related Terms

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China Gingko Education Group Co (HKSE:01851) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » China Gingko Education Group Co Ltd (HKSE:01851) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Jinli Zhonglu, Qingyang District, Sichuan Province, Chengdu, CHN

Website

https://www.chinagingkoedu.com

China Gingko Education Group Co Ltd is an investment holding company. The company and its subsidiaries are higher education and vocational training service provider in Sichuan Province. It offers undergraduate majors and college diplomas. The group derives its revenue majorly from tuition fees and boarding fees. The operating segments of the group are Higher education and Hotel operation.

Executives

Greentree Hospitality Group Ltd.	2101 Beneficial owner
Greentree Inns Hotel Management Group, Inc.	2201 Interest of corporation controlled by you
Xu Alex Shuguang	2201 Interest of corporation controlled by you
Vast Universe Company Limited	2101 Beneficial owner
Xiong Lan	2202 Interest of your spouse
Fang Gongyu	2201 Interest of corporation controlled by you

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