Evergrande Property Services Group (HKSE:06666) ROCE % : 248.87% (As of Jun. 2024)

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What is Evergrande Property Services Group 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. Evergrande Property Services Group's annualized ROCE % for the quarter that ended in Jun. 2024 was 248.87%.

Evergrande Property Services Group ROCE % Historical Data

The historical data trend for Evergrande Property Services Group'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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Evergrande Property Services Group ROCE % Chart

Evergrande Property Services Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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94.72

60.55

-5.02

Evergrande Property Services Group Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial								-	-	-	-	248.87

Evergrande Property Services Group ROCE % Calculation

Evergrande Property Services Group'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 )
	=	2319.925	/	( ( (7982.021 - 9175.599)	+	(9019.756 - 8615.627) )	/ 2 )
	=	2319.925	/	( (-1193.578	+	404.129)	/ 2 )
	=	2319.925	/	-394.7245
	=	-587.73 %

Evergrande Property Services Group'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 )
	=	1488.548	/	( ( (9019.756 - 8615.627)	+	(8868.292 - 8076.179) )	/ 2 )
	=	1488.548	/	( ( 404.129	+	792.113 )	/ 2 )
	=	1488.548	/	598.121
	=	248.87 %

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

Evergrande Property Services Group (HKSE:06666) 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.

Evergrande Property Services Group ROCE % Related Terms

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Evergrande Property Services Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Evergrande Property Services Group Ltd (HKSE:06666) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

EVGPF:USA

Address

No. 78, Huangpu Avenue West, Third Compartment of Room 3101, Tianhe District, Guangdong, Guangzhou, CHN, 510660

Website

https://www.evergrandeservice.com

Evergrande Property Services Group Ltd is an investment holding company engaged in the provision of property management services, community living services, asset management services, and community operation services. It generates revenue from four business segments: Property management services; Community living services; Asset management services; and; Community operation services. Its Product services are Hengmei Community, Commercial & Enterprise Services, Tourism & Health Industry, Industrial Parks, and Public Services.

Executives

China Evergrande Group	2201 Interest of corporation controlled by you
Ding Yu Mei	2202 Interest of your spouse
Hui Ka Yan	2201 Interest of corporation controlled by you
Xin Xin (bvi) Limited	2201 Interest of corporation controlled by you
Anji (bvi) Limited	2201 Interest of corporation controlled by you
Ceg Holdings (bvi) Limited	2101 Beneficial owner
Shengjian (bvi) Limited	2201 Interest of corporation controlled by you

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