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XXF Group Holdings (HKSE:02473) ROCE % : 12.01% (As of Jun. 2024)


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What is XXF Group 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. XXF Group Holdings's annualized ROCE % for the quarter that ended in Jun. 2024 was 12.01%.

XXF Group Holdings ROCE % Historical Data

The historical data trend for XXF Group 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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XXF Group Holdings ROCE % Chart

XXF Group Holdings Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24
ROCE %
12.62 15.35 18.04 18.50 11.40

XXF Group Holdings Semi-Annual Data
Dec20 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
ROCE % Get a 7-Day Free Trial 16.31 19.60 17.41 12.01 11.00

XXF Group Holdings ROCE % Calculation

XXF Group 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 )
=320.464/( ( (2902.07 - 1339.535) + (3194.803 - 1292.618) )/ 2 )
=320.464/( (1562.535+1902.185)/ 2 )
=320.464/1732.36
=18.50 %

XXF Group 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 )
=233.554/( ( (3194.803 - 1292.618) + (3168.579 - 1180.546) )/ 2 )
=233.554/( ( 1902.185 + 1988.033 )/ 2 )
=233.554/1945.109
=12.01 %

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

* 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.

XXF Group Holdings  (HKSE:02473) 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.

XXF Group Holdings ROCE % Related Terms

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XXF Group Holdings Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » XXF Group Holdings Ltd (HKSE:02473) » Definitions » ROCE %
Comparable Companies
HKSE:02666 HKSE:01905 HKSE:02858 HKSE:06069 HKSE:00086 HKSE:00373 HKSE:00900 HKSE:02003 HKSE:03848 HKSE:00093 V MA AXP COF BOM:500034 PYPL DFS SYF BOM:543257 BOM:532810
Traded in Other Exchanges
N/A
Address
No. 318 Fuguang Road, Building 3, Fuxing Economic Development Zone, Jin’an District, Fujian, Fuzhou, CHN
Website
https://www.xxfqc.com
XXF Group Holdings Ltd is an established automobile retailer providing automobile finance lease service through its self-operated sales outlets in the PRC. The Group's principal businesses comprise automobile retail and finance, where it sells non-luxury automobiles mostly on direct finance lease; and automobile-related businesses, where it principally offers automobile operating lease service and other automobile-related services.
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