China Tourism Group Duty Free (HKSE:01880) ROCE % : 4.58% (As of Dec. 2024)

View and export this data going back to 2022. Start your Free Trial

What is China Tourism Group Duty Free 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 Tourism Group Duty Free's annualized ROCE % for the quarter that ended in Dec. 2024 was 4.58%.

China Tourism Group Duty Free ROCE % Historical Data

The historical data trend for China Tourism Group Duty Free'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.

China Tourism Group Duty Free ROCE % Chart

China Tourism Group Duty Free Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

Get a 7-Day Free Trial

37.69

44.77

15.55

14.52

9.74

China Tourism Group Duty Free Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															13.82	18.33	10.12	6.07	4.58

China Tourism Group Duty Free ROCE % Calculation

China Tourism Group Duty Free's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	6780.398	/	( ( (86265.691 - 16765.992)	+	(81421.071 - 11711.331) )	/ 2 )
	=	6780.398	/	( (69499.699	+	69709.74)	/ 2 )
	=	6780.398	/	69604.7195
	=	9.74 %

China Tourism Group Duty Free's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	3221.316	/	( ( (83221.356 - 12321.795)	+	(81421.071 - 11711.331) )	/ 2 )
	=	3221.316	/	( ( 70899.561	+	69709.74 )	/ 2 )
	=	3221.316	/	70304.6505
	=	4.58 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2024) EBIT data.

China Tourism Group Duty Free (HKSE:01880) 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 Tourism Group Duty Free ROCE % Related Terms

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

China Tourism Group Duty Free Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » China Tourism Group Duty Free Corp Ltd (HKSE:01880) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

601888:China

Address

No. 2A, Dongzhimenwai Street, 8th Floor, Building A, Dongcheng District, Beijing, CHN, 100027

Website

https://www.ctgdutyfree.com.cn

Established in 1984, China Tourism Group Duty Free is China's largest and the world's second-largest travel retailer in 2023 with revenue of CNY 67.5 billion. The company primarily operates duty-free stores at airports, border crossings, offshore, downtown, and on flights, cruises and ships, with about 200 stores spanning over 30 provinces in China, as well as overseas. The company also operates a duty-paid business and its 2023 revenue mix comprised 66% duty-free sales and 34% duty-paid sales and others. CTG Duty Free is 50.3% owned by China Tourism Group, a state-owned enterprise that falls directly under the state-owned Asset Supervision and Administration Commission of the State Council.

Executives

Jpmorgan Chase & Co.	2201 Interest of corporation controlled by you
Rui Zhong Ren Shou Bao Xian You Xian Ze Ren Gong Si	2101 Beneficial owner
Blackrock, Inc.	2201 Interest of corporation controlled by you
Citigroup Inc.	2201 Interest of corporation controlled by you
Aggregate Of Abrdn Plc Affiliated Investment Management Entities	2102 Investment manager
Morgan Stanley	2201 Interest of corporation controlled by you
Bank Of America Corporation
The Capital Group Companies, Inc.	2201 Interest of corporation controlled by you
Gic Private Limited	2102 Investment manager
Brown Brothers Harriman & Co.	2502 Approved lending agent

China Tourism Group Duty Free Headlines

No Headlines