Clifford Modern Living Holdings (HKSE:03686) ROCE % : 14.27% (As of Dec. 2023)

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What is Clifford Modern Living 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. Clifford Modern Living Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 14.27%.

Clifford Modern Living Holdings ROCE % Historical Data

The historical data trend for Clifford Modern Living 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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Clifford Modern Living Holdings ROCE % Chart

Clifford Modern Living Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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34.92

34.89

19.86

19.74

17.61

Clifford Modern Living Holdings Semi-Annual Data
	Dec13	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial														19.29	24.10	16.55	21.10	14.27

Clifford Modern Living Holdings ROCE % Calculation

Clifford Modern Living 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 )
	=	141.142	/	( ( (941.504 - 160.48)	+	(954.624 - 132.573) )	/ 2 )
	=	141.142	/	( (781.024	+	822.051)	/ 2 )
	=	141.142	/	801.5375
	=	17.61 %

Clifford Modern Living Holdings'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 )
	=	115.648	/	( ( (958.513 - 160.136)	+	(954.624 - 132.573) )	/ 2 )
	=	115.648	/	( ( 798.377	+	822.051 )	/ 2 )
	=	115.648	/	810.214
	=	14.27 %

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

Clifford Modern Living Holdings (HKSE:03686) 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.

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Clifford Modern Living Holdings (HKSE:03686) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Clifford Modern Living Holdings Ltd (HKSE:03686) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 Shiguang Road, Panyu, Guangdong, Guangzhou, CHN, 511496

Website

http://www.cliffordmodernliving.com

Clifford Modern Living Holdings Ltd is an investment holding company. The group is engaged in the provision of services to residents in properties developed under the brand name Clifford, including retail services, catering services, property management services, laundry services, off-campus training services, property agency services, employment placement services, information technology services, renovation and fitting-out services, in the PRC Mainland. It is a diversified service portfolio comprising six main service segments; Property management services, Renovation and fitting-out services, Retail services, Off-campus training services, Information technology services and Ancillary Living Services.

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