New World China Land (New World China Land) ROCE % : 1.31% (As of Dec. 2015)

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What is New World China Land 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. New World China Land's annualized ROCE % for the quarter that ended in Dec. 2015 was 1.31%.

New World China Land ROCE % Historical Data

The historical data trend for New World China Land'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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New World China Land ROCE % Chart

New World China Land Annual Data

Trend

Jun06

Jun07

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

Jun14

Jun15

ROCE %

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9.03

9.30

9.87

10.40

6.99

New World China Land Semi-Annual Data
	Jun04	Jun05	Jun06	Jun07	Jun08	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15
ROCE %	Get a 7-Day Free Trial															13.24	6.78	6.46	7.38	1.31

New World China Land ROCE % Calculation

New World China Land's annualized ROCE % for the fiscal year that ended in Jun. 2015 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2015 )		(A: Jun. 2014 )		(A: Jun. 2015 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2015 )		(A: Jun. 2014 )		(A: Jun. 2015 )
	=	867.371	/	( ( (15600.151 - 4015.843)	+	(17339.225 - 4114.391) )	/ 2 )
	=	867.371	/	( (11584.308	+	13224.834)	/ 2 )
	=	867.371	/	12404.571
	=	6.99 %

New World China Land's ROCE % of for the quarter that ended in Dec. 2015 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2015 )		(Q: Jun. 2015 )		(Q: Dec. 2015 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2015 )		(Q: Jun. 2015 )		(Q: Dec. 2015 )
	=	178.414	/	( ( (17339.225 - 4114.391)	+	(18162.651 - 4187.878) )	/ 2 )
	=	178.414	/	( ( 13224.834	+	13974.773 )	/ 2 )
	=	178.414	/	13599.8035
	=	1.31 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2015) EBIT data.

New World China Land (OTCPK:NWRDY) 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.

New World China Land ROCE % Related Terms

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New World China Land (New World China Land) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » New World China Land Ltd (OTCPK:NWRDY) » Definitions » ROCE %

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Address

Website

http://www.nwcl.com.hk

New World China Land Ltd is a real estate company. It develops and invests in properties and real estate in China. The firm's projects include residential communities, serviced apartments, villas, offices, shopping centers, mixed-use comprehensive buildings, hotels, and resorts. It derives the majority of its revenues from proceeds from the sale of properties. The company's majority of assets and operation are located in China.

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