CHYY Development Group (HKSE:08128) ROCE % : 5.76% (As of Dec. 2023)

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What is CHYY Development 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. CHYY Development Group's annualized ROCE % for the quarter that ended in Dec. 2023 was 5.76%.

CHYY Development Group ROCE % Historical Data

The historical data trend for CHYY Development 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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CHYY Development Group ROCE % Chart

CHYY Development Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-38.67

-31.76

-15.93

-30.87

2.79

CHYY Development Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-108.47	-15.95	2.53	20.15	5.76

CHYY Development Group ROCE % Calculation

CHYY Development 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 )
	=	11.266	/	( ( (1247.849 - 835.961)	+	(1204.899 - 807.795) )	/ 2 )
	=	11.266	/	( (411.888	+	397.104)	/ 2 )
	=	11.266	/	404.496
	=	2.79 %

CHYY Development Group'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	22.876	/	( ( (0 - 0)	+	(1204.899 - 807.795) )	/ 1 )
	=	22.876	/	( ( 0	+	397.104 )	/ 1 )
	=	22.876	/	397.104
	=	5.76 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

CHYY Development Group (HKSE:08128) 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.

CHYY Development Group ROCE % Related Terms

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CHYY Development Group (HKSE:08128) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » CHYY Development Group Ltd (HKSE:08128) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

62-63 Connaught Road Central, 8th Floor, Chung Hing Commercial Building, Central, Hong Kong, HKG

Website

http://www.chyy.com.hk

CHYY Development Group Ltd is focusing on the field of promotion of geothermal ground source energy as alternative energy for heating (cooling) with a large state-owned enterprise specialized in energy conservation and environmental protection. The company owns a full-stop industrial chain integrating technology service, design consultancy, equipment manufacturing, system engineering, and property maintenance into one operating system, enabling it to provide complete energy system solutions of shallow ground source heating (cooling) energy for various types of buildings in different regions.

Executives

Zhang Yiying	2101 Beneficial owner
Liu Ening	2101 Beneficial owner
Xu Shengheng	2101 Beneficial owner
Liu Ening	2202 Interest of your spouse
Wang Michael Zhi Yu	2101 Beneficial owner
Universal Zone Limited	2101 Beneficial owner
Zhong Guo Jie Neng Huan Bao Ji Tuan You Xian Gong Si
Zhong Guo Jie Neng Huan Bao Xiang Gang Tou Zi You Xian Gong Si

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