China Oriented International Holdings (HKSE:01871) ROCE % : -3.27% (As of Jun. 2024)

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What is China Oriented International 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 Oriented International Holdings's annualized ROCE % for the quarter that ended in Jun. 2024 was -3.27%.

China Oriented International Holdings ROCE % Historical Data

The historical data trend for China Oriented International 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 Oriented International Holdings ROCE % Chart

China Oriented International Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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17.73

5.90

2.53

-2.49

-2.65

China Oriented International Holdings Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial									2.25	-7.42	-0.38	-5.02	-3.27

China Oriented International Holdings ROCE % Calculation

China Oriented International Holdings'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 )
	=	-6.044	/	( ( (340.853 - 109.968)	+	(315.393 - 90.408) )	/ 2 )
	=	-6.044	/	( (230.885	+	224.985)	/ 2 )
	=	-6.044	/	227.935
	=	-2.65 %

China Oriented International Holdings'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 )
	=	-7.35	/	( ( (315.393 - 90.408)	+	(294.833 - 69.802) )	/ 2 )
	=	-7.35	/	( ( 224.985	+	225.031 )	/ 2 )
	=	-7.35	/	225.008
	=	-3.27 %

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

China Oriented International Holdings (HKSE:01871) 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 Oriented International Holdings ROCE % Related Terms

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China Oriented International Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » China Oriented International Holdings Ltd (HKSE:01871) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Baililiu Village, Zhutang Township, Suiping Count, Henan Province, Zhumadian, CHN

Website

http://www.china-oriented.com

China Oriented International Holdings Ltd is engaged in providing driving training services. It has two driving schools, namely, Shun Da School and Tong Tai School. Shun Da School offers driving training services for preparation for Driving Tests of small manual cars and Tong Tai School is a qualified level I driving school offering driving training services for preparation for driving tests of both Large Vehicles and Small Vehicles. The Group's operation is regarded as one reportable and operating segment which is provision of driving training services. All of the group's revenue is derived from the PRC.

Executives

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Hui Ching Ping	2202 Interest of your spouse
Ling Wai Leung	2201 Interest of corporation controlled by you
Pu Xiong Tou Zi You Xian Gong Si	2101 Beneficial owner
Gao Dongju	2202 Interest of your spouse
Qi Xiangzhong	2201 Interest of corporation controlled by you
China Internet Investment Finance Holdings Limited	2201 Interest of corporation controlled by you
Shou Yue Kong Gu You Xian Gong Si	2101 Beneficial owner

China Oriented International Holdings Headlines

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