Suxin Joyful Life Services Co (HKSE:02152) ROCE % : 9.39% (As of Jun. 2024)

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What is Suxin Joyful Life Services 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. Suxin Joyful Life Services Co's annualized ROCE % for the quarter that ended in Jun. 2024 was 9.39%.

Suxin Joyful Life Services Co ROCE % Historical Data

The historical data trend for Suxin Joyful Life Services 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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Suxin Joyful Life Services Co ROCE % Chart

Suxin Joyful Life Services Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

9.07

10.62

9.69

9.97

10.97

Suxin Joyful Life Services Co Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial				9.84	11.20	10.22	11.77	9.39

Suxin Joyful Life Services Co ROCE % Calculation

Suxin Joyful Life Services Co'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 )
	=	130.944	/	( ( (1615.579 - 438.099)	+	(1768.239 - 558.843) )	/ 2 )
	=	130.944	/	( (1177.48	+	1209.396)	/ 2 )
	=	130.944	/	1193.438
	=	10.97 %

Suxin Joyful Life Services Co'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 )
	=	112.336	/	( ( (1768.239 - 558.843)	+	(1786.915 - 604.569) )	/ 2 )
	=	112.336	/	( ( 1209.396	+	1182.346 )	/ 2 )
	=	112.336	/	1195.871
	=	9.39 %

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

Suxin Joyful Life Services Co (HKSE:02152) 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.

Suxin Joyful Life Services Co ROCE % Related Terms

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Suxin Joyful Life Services Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Suxin Joyful Life Services Co Ltd (HKSE:02152) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

28 Shishan Road, SND International Commerce Tower, Room 3001, 30th Floor, Gaoxin District, Jiangsu Province, Suzhou, CHN

Website

https://www.suxinfuwu.com

Suxin Joyful Life Services Co Ltd is a city service and property management service provider in the Yangtze River Delta region, especially in Suzhou. It also provides city services for public infrastructure and basic property management services and value added services for commercial properties and residential communities. The company assists local government and public administrations in providing urban services to improve the living experience and environment of local residents.

Executives

Bocom International Holdings Company Limited	2201 Interest of corporation controlled by you
Sha Men Guo Ji Tou Zi You Xian Gong Si
Ji You Guo Ji Jin Rong Kong Gu You Xian Gong Si
Ji You Guo Ji Zi Ben You Xian Gong Si
Sha Men Guo Ji Yin Xing Gu Fen You Xian Gong Si
Shang Hai Guo Ji Xin Tuo You Xian Gong Si	2301 Trustee
Ji You Yin Xing You Xian Gong Si
Bank Of Communications Co., Ltd.	2201 Interest of corporation controlled by you
Wu Ye	2201 Interest of corporation controlled by you
Shang Hai Yuan Yuan Rong Rong Qi Ye Guan Li He Huo Qi Ye You Xian Gong Si	2101 Beneficial owner
Jian Xin Ji Jin Guan Li You Xian Ze Ren Gong Si Dai Jian Xin Hai Wai Jue Jin Hao Dan Yi Zi Chan Guan
Su Zhou Guang Lin Jian She You Xian Ze Ren Gong Si	2101 Beneficial owner
Lu Jian Chao	2201 Interest of corporation controlled by you
Chen Ai Hua	2201 Interest of corporation controlled by you
Su Zhou Qian Mo Xiang Jian Lv You Fa Zhan You Xian Gong Si	2101 Beneficial owner

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