Ling Yue Services Group (HKSE:02165) ROCE % : 20.96% (As of Dec. 2023)

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What is Ling Yue Services Group 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. Ling Yue Services Group's annualized ROCE % for the quarter that ended in Dec. 2023 was 20.96%.

Ling Yue Services Group ROCE % Historical Data

The historical data trend for Ling Yue Services Group'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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Ling Yue Services Group ROCE % Chart

Ling Yue Services Group Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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49.51

73.68

35.74

22.07

25.13

Ling Yue Services Group Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial					36.86	27.70	17.27	29.43	20.96

Ling Yue Services Group ROCE % Calculation

Ling Yue Services Group'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 )
	=	139.54	/	( ( (784.591 - 276.578)	+	(916.167 - 313.684) )	/ 2 )
	=	139.54	/	( (508.013	+	602.483)	/ 2 )
	=	139.54	/	555.248
	=	25.13 %

Ling Yue Services Group's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	121.878	/	( ( (845.498 - 285.096)	+	(916.167 - 313.684) )	/ 2 )
	=	121.878	/	( ( 560.402	+	602.483 )	/ 2 )
	=	121.878	/	581.4425
	=	20.96 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Ling Yue Services Group (HKSE:02165) 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.

Ling Yue Services Group ROCE % Related Terms

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Ling Yue Services Group (HKSE:02165) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Ling Yue Services Group Ltd (HKSE:02165) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 151, 2nd Tianfu Street, Leading International Finance Center, 44th Floor, Tower A, Gaoxin District, Sichuan Province, Chengdu, CHN, 610000

Website

https://www.lingyue-service.com

Ling Yue Services Group Ltd is a property management company. Its business covers residential property services, commercial property services, urban services, public construction services, and others. The Group's revenue is mainly derived from three major businesses namely property management services; value-added services to non-property owners; and community value-added services. The majority of revenue is derived from the property management services segment.

Executives

Hou Sanli	2201 Interest of corporation controlled by you
Liu Yuhui	2201 Interest of corporation controlled by you
Wang Tao	2201 Interest of corporation controlled by you
Liu Ce	2201 Interest of corporation controlled by you
Liu Haowei	2201 Interest of corporation controlled by you
Long Yiqin	2201 Interest of corporation controlled by you
Jin Sha Jiang Holding Limited	2101 Beneficial owner
Liu Yuqi	2202 Interest of your spouse
Hai Yue Holding Limited
Chen Aoao	2202 Interest of your spouse
Lan Tian	2202 Interest of your spouse
Liu Shan	2202 Interest of your spouse
Tianyue Holding Limited	2101 Beneficial owner
Linghui Holding Limited	2101 Beneficial owner
Yuelai Holding Limited	2101 Beneficial owner

Ling Yue Services Group (HKSE:02165) Headlines

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