Ronshine China Holdings (HKSE:03301) ROCE % : 13.33% (As of Jun. 2024)

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What is Ronshine China 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. Ronshine China Holdings's annualized ROCE % for the quarter that ended in Jun. 2024 was 13.33%.

Ronshine China Holdings ROCE % Historical Data

The historical data trend for Ronshine China 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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Ronshine China Holdings ROCE % Chart

Ronshine China Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.58

5.89

3.37

-14.61

-5.72

Ronshine China Holdings Semi-Annual Data
	Dec14	Jun15	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															-8.95	-22.30	-5.83	-6.71	13.33

Ronshine China Holdings ROCE % Calculation

Ronshine China 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 )
	=	-2883.081	/	( ( (211318.553 - 150406.744)	+	(161126.402 - 121246.662) )	/ 2 )
	=	-2883.081	/	( (60911.809	+	39879.74)	/ 2 )
	=	-2883.081	/	50395.7745
	=	-5.72 %

Ronshine China 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 )
	=	4932.426	/	( ( (161126.402 - 121246.662)	+	(143557.274 - 109425.537) )	/ 2 )
	=	4932.426	/	( ( 39879.74	+	34131.737 )	/ 2 )
	=	4932.426	/	37005.7385
	=	13.33 %

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

Ronshine China Holdings (HKSE:03301) 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.

Ronshine China Holdings ROCE % Related Terms

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Ronshine China Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Ronshine China Holdings Ltd (HKSE:03301) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Lane 77, Shangkun Road, Tower 2, Ronshine Sunkwan Center, Minhang District, Shanghai, CHN, 200336

Website

http://www.rongxingroup.com

Ronshine China Holdings Ltd is an investment holding company. The firm with its subsidiaries develops mid to high end residential and commercial properties in cities in the Western Taiwan straits economic zone, Yangtze river delta economic region and selected first and second-tier cities in the PRC. The company derives the majority of its revenues from sales of properties.

Executives

Ou Guofei	2307 Founder of a discretionary trust who can infl
Dingxin Company Limited	2101 Beneficial owner
Honesty Global Holdings Limited	2201 Interest of corporation controlled by you
Tmf (cayman) Ltd.	2301 Trustee
Ou Zonghong	2305 Beneficiary of a trust
Xu Lixiang	2202 Interest of your spouse

Ronshine China Holdings Headlines

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