Centenary United Holdings (HKSE:01959) ROCE % : -28.91% (As of Jun. 2024)

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What is Centenary United 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. Centenary United Holdings's annualized ROCE % for the quarter that ended in Jun. 2024 was -28.91%.

Centenary United Holdings ROCE % Historical Data

The historical data trend for Centenary United 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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Centenary United Holdings ROCE % Chart

Centenary United Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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31.17

15.21

5.80

-2.35

-13.29

Centenary United 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									0.14	-4.67	-14.88	-12.98	-28.91

Centenary United Holdings ROCE % Calculation

Centenary United 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 )
	=	-45.483	/	( ( (1001.376 - 653.389)	+	(941.734 - 605.03) )	/ 2 )
	=	-45.483	/	( (347.987	+	336.704)	/ 2 )
	=	-45.483	/	342.3455
	=	-13.29 %

Centenary United 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 )
	=	-100.528	/	( ( (941.734 - 605.03)	+	(686.164 - 327.475) )	/ 2 )
	=	-100.528	/	( ( 336.704	+	358.689 )	/ 2 )
	=	-100.528	/	347.6965
	=	-28.91 %

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

Centenary United Holdings (HKSE:01959) 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.

Centenary United Holdings ROCE % Related Terms

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Centenary United Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Centenary United Holdings Ltd (HKSE:01959) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.40, Rainbow Road, Western District, Guangdong Province, Zhongshan, CHN, 528400

Website

https://www.car2000.com.cn

Centenary United Holdings Ltd is an investment holding company engaged in the sale and service of motor vehicles and provision of service in the PRC. It offers automobile-related products and services including the sales of motor vehicles and other integrated auto services, that is, repair services, the sales of accessories, insurance agency services, and New energy vehicle-related services. It derives revenue from the sale of motor vehicles and the provision of auto services.

Executives

Chong Kit Limited	2101 Beneficial owner
Law Hau Kit	2201 Interest of corporation controlled by you
Liu Yali	2202 Interest of your spouse

Centenary United Holdings Headlines

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