Central China New Life (HKSE:09983) ROCE % : 15.31% (As of Jun. 2024)

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What is Central China New Life 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. Central China New Life's annualized ROCE % for the quarter that ended in Jun. 2024 was 15.31%.

Central China New Life ROCE % Historical Data

The historical data trend for Central China New Life'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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Central China New Life ROCE % Chart

Central China New Life Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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34.86

28.09

22.86

-24.94

15.90

Central China New Life Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
ROCE %	Get a 7-Day Free Trial									22.30	-23.79	-26.82	15.31	15.25

Central China New Life ROCE % Calculation

Central China New Life'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 )
	=	-760.991	/	( ( (5957.459 - 2371.251)	+	(5306.007 - 2789.061) )	/ 2 )
	=	-760.991	/	( (3586.208	+	2516.946)	/ 2 )
	=	-760.991	/	3051.577
	=	-24.94 %

Central China New Life'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 )
	=	394.258	/	( ( (5306.007 - 2789.061)	+	(5853.469 - 3220.23) )	/ 2 )
	=	394.258	/	( ( 2516.946	+	2633.239 )	/ 2 )
	=	394.258	/	2575.0925
	=	15.31 %

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

Central China New Life (HKSE:09983) 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.

Central China New Life ROCE % Related Terms

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Central China New Life Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Central China New Life Ltd (HKSE:09983) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 19 Dirun Road Room 411, 4th floor Building 2 Jianye Office Building, Zhengdong New District, Henan Province, Zhengzhou, CHN

Website

http://www.ccnewlife.com.cn

Central China New Life Ltd is the largest property management company in central China with geographical focus in Henan province. CCNL generates core revenue from providing property management services as well as value-added services to property owners and non-property owners. CCNL's coverage spans across the main cities in Henan province. The firm also seeks to leverage on the Jianye brand to provide an integrated online-to-offline service app platform called Jianye+ to deepen its penetration in Henan as a leading lifestyle service provider.

Executives

Jpmorgan Chase & Co.	2106 Person having a security interest in shares
Seatown Private Credit (cayman) Feeder Fund Ii Lp
Seatown Private Credit Master Fund Ii
Temasek Holdings (private) Limited
Seatown Private Credit Feeder Fund Lp
Seatown Private Credit Master Fund
Seatown Singapore Feeder Fund Lp
Enjoy Start Limited	2501 Other
Wu Lam Li	2501 Other
Wu Po Sum	2501 Other
Hillhouse Capital Advisors, Ltd.	2102 Investment manager
Gaoling Fund, L.p.	2101 Beneficial owner
Morgan Stanley & Co. International Plc	2105 Underwriter
Morgan Stanley International Holdings Inc.	2201 Interest of corporation controlled by you
Morgan Stanley International Limited	2201 Interest of corporation controlled by you

Central China New Life Headlines

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