Times Neighborhood Holdings (HKSE:09928) ROCE % : 6.40% (As of Dec. 2023)

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What is Times Neighborhood 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. Times Neighborhood Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 6.40%.

Times Neighborhood Holdings ROCE % Historical Data

The historical data trend for Times Neighborhood 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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Times Neighborhood Holdings ROCE % Chart

Times Neighborhood Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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19.69

24.46

23.19

-11.85

-10.37

Times Neighborhood Holdings Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial									21.94	5.73	-30.30	-26.26	6.40

Times Neighborhood Holdings ROCE % Calculation

Times Neighborhood 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 )
	=	-192.007	/	( ( (3270.727 - 1199.584)	+	(2849.057 - 1215.888) )	/ 2 )
	=	-192.007	/	( (2071.143	+	1633.169)	/ 2 )
	=	-192.007	/	1852.156
	=	-10.37 %

Times Neighborhood 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 )
	=	105.172	/	( ( (2736.526 - 1081.661)	+	(2849.057 - 1215.888) )	/ 2 )
	=	105.172	/	( ( 1654.865	+	1633.169 )	/ 2 )
	=	105.172	/	1644.017
	=	6.40 %

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

Times Neighborhood Holdings (HKSE:09928) 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.

Times Neighborhood Holdings ROCE % Related Terms

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Times Neighborhood Holdings (HKSE:09928) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Times Neighborhood Holdings Ltd (HKSE:09928) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 410 Dongfeng Middle Road, Room 1103, 11th Floor, Yuexiu District, Guangdong Province, Guangzhou, CHN

Website

http://www.shidaiwuye.com

Times Neighborhood Holdings Ltd. is an investment holding company engaged in the provision of property management services which include value-added services for non-property owners, community value-added services, and other professional services are among the company's offerings. The group's revenue comes entirely from its Mainland China operations.

Executives

Shum Chiu Hung
Xingtai Capital Management Limited	2102 Investment manager
Sumitomo Mitsui Financial Group, Inc.	2201 Interest of corporation controlled by you
Li Yiping	2201 Interest of corporation controlled by you
Dong Li Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Jia Ming Tou Zi You Xian Gong Si	2201 Interest of corporation controlled by you
Chao Da Chuang Tou You Xian Gong Si	2201 Interest of corporation controlled by you
Zhuo Yuan Chuang Tou You Xian Gong Si	2101 Beneficial owner

Times Neighborhood Holdings (HKSE:09928) Headlines

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