Greentown China Holdings (HKSE:03900) ROCE % : 5.17% (As of Jun. 2024)

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What is Greentown 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. Greentown China Holdings's annualized ROCE % for the quarter that ended in Jun. 2024 was 5.17%.

Greentown China Holdings ROCE % Historical Data

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

Greentown China Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.61

8.58

7.84

6.96

5.41

Greentown 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															8.20	5.90	7.57	3.53	5.17

Greentown China Holdings ROCE % Calculation

Greentown 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 )
	=	13826.123	/	( ( (597528.352 - 340323.82)	+	(585759.035 - 331686.346) )	/ 2 )
	=	13826.123	/	( (257204.532	+	254072.689)	/ 2 )
	=	13826.123	/	255638.6105
	=	5.41 %

Greentown 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 )
	=	12840.5	/	( ( (585759.035 - 331686.346)	+	(577316.099 - 334331.851) )	/ 2 )
	=	12840.5	/	( ( 254072.689	+	242984.248 )	/ 2 )
	=	12840.5	/	248528.4685
	=	5.17 %

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

Greentown China Holdings (HKSE:03900) 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.

Greentown China Holdings ROCE % Related Terms

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Greentown China Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Greentown China Holdings Ltd (HKSE:03900) » Definitions » ROCE %

Traded in Other Exchanges

G7C:Germany

Address

No. 1 Hangda Road, 10th Floor, Block A, Dragon Century Plaza, Zhejiang, Hangzhou, CHN, 310007

Website

http://www.greentownchina.com

Greentown China Holdings Ltd is a leading quality property developer and an integrated living service provider in China. It maintains a leadership position in the industry by virtue of the quality of its properties, its unique architectural aesthetics, and its customer-centric services. The reporting segments of the Group are as follows: Property development, Hotel operations, Property investment, Project management, and Others. The majority of revenue is derived from the Property development segment.

Executives

China Communications Construction Group Limited	2201 Interest of corporation controlled by you
Xiang Gang Xin Hu Tou Zi You Xian Gong Si	2101 Beneficial owner
Zhe Jiang Xin Hu Ji Tuan Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Xin Hu Zhong Bao Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Li Ping	2202 Interest of your spouse
Huang Wei	2201 Interest of corporation controlled by you
Song Weiping
Cccg Holding (hk) Limited	2101 Beneficial owner
Wheelock And Company Limited	2201 Interest of corporation controlled by you
The Wharf (holdings) Limited	2201 Interest of corporation controlled by you
Hsbc Trustee (c.i.) Limited	2301 Trustee
Ever Step Holdings Limited	2201 Interest of corporation controlled by you
First Pioneer Holdings Limited	2201 Interest of corporation controlled by you
King Focus International Limited	2201 Interest of corporation controlled by you
Ping An Securities Group (holdings) Limited	2201 Interest of corporation controlled by you

Greentown China Holdings Headlines

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