Chanhigh Holdings (HKSE:02017) ROCE % : 6.11% (As of Jun. 2024)

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What is Chanhigh 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. Chanhigh Holdings's annualized ROCE % for the quarter that ended in Jun. 2024 was 6.11%.

Chanhigh Holdings ROCE % Historical Data

The historical data trend for Chanhigh 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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Chanhigh Holdings ROCE % Chart

Chanhigh Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.85

5.86

6.88

6.52

6.66

Chanhigh Holdings Semi-Annual Data
	Dec13	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															3.55	9.77	5.78	7.61	6.11

Chanhigh Holdings ROCE % Calculation

Chanhigh 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 )
	=	78.457	/	( ( (2555.704 - 1379.942)	+	(2544.111 - 1363.269) )	/ 2 )
	=	78.457	/	( (1175.762	+	1180.842)	/ 2 )
	=	78.457	/	1178.302
	=	6.66 %

Chanhigh 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 )
	=	68.742	/	( ( (2544.111 - 1363.269)	+	(2345.608 - 1276.388) )	/ 2 )
	=	68.742	/	( ( 1180.842	+	1069.22 )	/ 2 )
	=	68.742	/	1125.031
	=	6.11 %

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

Chanhigh Holdings (HKSE:02017) 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.

Chanhigh Holdings ROCE % Related Terms

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Chanhigh Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Chanhigh Holdings Ltd (HKSE:02017) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3388 Cang Hai Road, Cang Hai Industry Building, 17th and 18th Floors, Yinzhou District, Zhejiang Province, Ningbo, CHN, 315100

Website

http://www.chanhigh.com.hk

Chanhigh Holdings Ltd is an investment holding company principally involved in the provision of municipal landscape and municipal works construction services and maintenance services to its customers. The company operates through four segments. The Landscape Construction segment is engaged in the provision of municipal and private landscaping project services; the Municipal Works Construction segment is engaged in the municipal or local government works such as municipal road construction as well as water and lighting works; the Building Works Construction segment is engaged in the construction of gas stations, auto repair shops, office buildings, and temporary warehouses; the Others segment is engaged in the provision of maintenance, heritage restoration, and renovation services.

Executives

Peng Daosheng	2401 A concert party to an agreement to buy shares
Peng Tianbin	2401 A concert party to an agreement to buy shares
Wang Sufen	2401 A concert party to an agreement to buy shares
Peng Yonghui	2106 Person having a security interest in shares

Chanhigh Holdings Headlines

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