Shanghai Jin Jiang Capital Co (HKSE:02006) ROCE % : 2.88% (As of Dec. 2021)

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What is Shanghai Jin Jiang Capital 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. Shanghai Jin Jiang Capital Co's annualized ROCE % for the quarter that ended in Dec. 2021 was 2.88%.

Shanghai Jin Jiang Capital Co ROCE % Historical Data

The historical data trend for Shanghai Jin Jiang Capital 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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Shanghai Jin Jiang Capital Co ROCE % Chart

Shanghai Jin Jiang Capital Co Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

ROCE %

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6.30

5.46

7.00

3.79

2.75

Shanghai Jin Jiang Capital Co Semi-Annual Data
	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21
ROCE %	Get a 7-Day Free Trial															5.66	0.65	7.03	2.56	2.88

Shanghai Jin Jiang Capital Co ROCE % Calculation

Shanghai Jin Jiang Capital Co's annualized ROCE % for the fiscal year that ended in Dec. 2021 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	1541.024	/	( ( (73156.808 - 16724.492)	+	(79676.181 - 23940.207) )	/ 2 )
	=	1541.024	/	( (56432.316	+	55735.974)	/ 2 )
	=	1541.024	/	56084.145
	=	2.75 %

Shanghai Jin Jiang Capital Co's ROCE % of for the quarter that ended in Dec. 2021 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2021 )		(Q: Jun. 2021 )		(Q: Dec. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2021 )		(Q: Jun. 2021 )		(Q: Dec. 2021 )
	=	1614.916	/	( ( (79065.251 - 22474.574)	+	(79676.181 - 23940.207) )	/ 2 )
	=	1614.916	/	( ( 56590.677	+	55735.974 )	/ 2 )
	=	1614.916	/	56163.3255
	=	2.88 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2021) EBIT data.

Shanghai Jin Jiang Capital Co (HKSE:02006) 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.

Shanghai Jin Jiang Capital Co ROCE % Related Terms

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Shanghai Jin Jiang Capital Co (HKSE:02006) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Shanghai Jin Jiang Capital Co Ltd (HKSE:02006) » Definitions » ROCE %

Comparable Companies

XTAE:FTAL HKSE:00041 SGX:M04 HKSE:00045 XMAD:NHH XMAD:MEL XTAE:ISRO MCG OSTO:PNDX B HKSE:00069

Traded in Other Exchanges

N/A

Address

No. 100 Yan’an East Road, 26th Floor, Union Building, Shanghai, CHN, 200002

Website

http://www.jinjiangcapital.com

Shanghai Jin Jiang Capital Co Ltd is a hotel group in China, principally engaged in hotel operation and management, franchising, and the businesses of restaurants, transportation, logistics, and travel agency. Its segment includes Full-Service Hotels; Select Service Hotels- Managed and operated in Mainland China; Select Service Hotels- Managed and operated overseas; Food and Restaurants; Passenger Transportation Vehicles and Logistics; Travel Agency and Other Operations. The group generates a majority of its revenue from the Select Service Hotels- Managed and operated in Mainland China.

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