Cinda Real Estate Co (SHSE:600657) ROCE % : 1.18% (As of Sep. 2024)

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What is Cinda Real Estate Co 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. Cinda Real Estate Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 1.18%.

Cinda Real Estate Co ROCE % Historical Data

The historical data trend for Cinda Real Estate Co'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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Cinda Real Estate Co ROCE % Chart

Cinda Real Estate Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.84

9.45

6.17

5.72

4.13

Cinda Real Estate Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															3.42	5.43	1.04	5.49	1.18

Cinda Real Estate Co ROCE % Calculation

Cinda Real Estate Co'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 )
	=	2241.665	/	( ( (88406.096 - 37081.09)	+	(82655.053 - 25323.662) )	/ 2 )
	=	2241.665	/	( (51325.006	+	57331.391)	/ 2 )
	=	2241.665	/	54328.1985
	=	4.13 %

Cinda Real Estate Co's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	610.248	/	( ( (79288.108 - 28944.355)	+	(80080.186 - 27374.938) )	/ 2 )
	=	610.248	/	( ( 50343.753	+	52705.248 )	/ 2 )
	=	610.248	/	51524.5005
	=	1.18 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

Cinda Real Estate Co (SHSE:600657) 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.

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Cinda Real Estate Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Cinda Real Estate Co Ltd (SHSE:600657) » Definitions » ROCE %

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Address

Jia 18 Zhong Guan Cun South Street, International Block C, 16F, Haidian District, Beijing, Beijing, CHN, 100871

Website

http://www.cindare.com

Cinda Real Estate Co Ltd is a real estate company. It is engaged in real estate development and commercial housing distribution, as well as property management and leasing in China. The company includes more than ten real estate development and investment enterprises with first-class development qualifications.

Executives

Liu Ke Cheng

Supervisors

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