JY Grandmark Holdings (HKSE:02231) ROCE % : -18.83% (As of Jun. 2024)

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What is JY Grandmark 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. JY Grandmark Holdings's annualized ROCE % for the quarter that ended in Jun. 2024 was -18.83%.

JY Grandmark Holdings ROCE % Historical Data

The historical data trend for JY Grandmark 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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JY Grandmark Holdings ROCE % Chart

JY Grandmark Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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33.43

15.83

5.65

-14.69

-50.65

JY Grandmark Holdings Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial										-8.99	-21.36	-14.32	-104.13	-18.83

JY Grandmark Holdings ROCE % Calculation

JY Grandmark 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 )
	=	-2166.2	/	( ( (13944.7 - 7459.049)	+	(11270.41 - 9202.86) )	/ 2 )
	=	-2166.2	/	( (6485.651	+	2067.55)	/ 2 )
	=	-2166.2	/	4276.6005
	=	-50.65 %

JY Grandmark 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 )
	=	-367.608	/	( ( (11270.41 - 9202.86)	+	(9000.287 - 7163.602) )	/ 2 )
	=	-367.608	/	( ( 2067.55	+	1836.685 )	/ 2 )
	=	-367.608	/	1952.1175
	=	-18.83 %

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

JY Grandmark Holdings (HKSE:02231) 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.

JY Grandmark Holdings ROCE % Related Terms

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JY Grandmark Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » JY Grandmark Holdings Ltd (HKSE:02231) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 106, Fengze East Road, JY Grandmark Building, Nansha District, Guangdong Province, Guangzhou, CHN

Website

http://www.jygrandmark.com

JY Grandmark Holdings Ltd is a provider of property developers, operators, and property management services. The company offers residential properties to its customers in Guangdong and Hainan provinces of China. It has landed in Guangdong, Hainan, Yunnan, and Hunan provinces for further development. The Group is organized into four business segments: Property development and sales, Commercial property investment, Hotel operations, and Property management. The Property development and sales segment act as a key revenue driver for the firm.

Executives

Iq Eq (bvi) Limited	2301 Trustee
Sze Ming Limited	2101 Beneficial owner
Chan Sze Ming Michael	2307 Founder of a discretionary trust who can infl
Shum Wing Yin	2202 Interest of your spouse

JY Grandmark Holdings Headlines

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