China International Capital (HKSE:03908) ROCE % : 5.65% (As of Jun. 2024)

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What is China International Capital 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. China International Capital's annualized ROCE % for the quarter that ended in Jun. 2024 was 5.65%.

China International Capital ROCE % Historical Data

The historical data trend for China International Capital'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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China International Capital ROCE % Chart

China International Capital Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.94

11.01

8.60

8.54

China International Capital Quarterly Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															7.69	8.11	6.98	5.65	5.38

China International Capital ROCE % Calculation

China International Capital'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 )
	=	19210.186	/	( ( (724484.351 - 512270.147)	+	(682853.363 - 445344.496) )	/ 2 )
	=	19210.186	/	( (212214.204	+	237508.867)	/ 2 )
	=	19210.186	/	224861.5355
	=	8.54 %

China International Capital'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: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	15051.256	/	( ( (666657.404 - 381420.203)	+	(644961.907 - 397006.861) )	/ 2 )
	=	15051.256	/	( ( 285237.201	+	247955.046 )	/ 2 )
	=	15051.256	/	266596.1235
	=	5.65 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2024) EBIT data.

China International Capital (HKSE:03908) 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.

China International Capital ROCE % Related Terms

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China International Capital Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » China International Capital Corp Ltd (HKSE:03908) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

CIM:Germany 601995:China

Address

1 Jianguomenwai Avenue, 27th and 28th Floor, China World Office 2, Chaoyang District, Beijing, CHN, 100004

Website

https://www.cicc.com

China International Capital Corp Ltd is a capital market operations company based in China. Its business is carried through investment banking, equity sales and trading, fixed income commodities and currencies, Asset Management; Wealth management, and private equity segments., The segment Others mainly comprises of other business departments, and middle and back offices. The company derives its earnings predominantly from China and the rest from overseas. It generates maximum revenue from Wealth management segment.

Executives

Blackrock, Inc.	2201 Interest of corporation controlled by you
Cha Mou Daid Johnson	2501 Other
Tencent Holdings Limited
Alibaba Group Holding Limited	2201 Interest of corporation controlled by you
Alibaba Group Treasury Limited	2201 Interest of corporation controlled by you
Des Voeux Investment Company Limited	2101 Beneficial owner

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