Jiangsu Phoenix Property Investment Co (SHSE:600716) ROCE % : -0.59% (As of Sep. 2024)

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What is Jiangsu Phoenix Property Investment 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. Jiangsu Phoenix Property Investment Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -0.59%.

Jiangsu Phoenix Property Investment Co ROCE % Historical Data

The historical data trend for Jiangsu Phoenix Property Investment 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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Jiangsu Phoenix Property Investment Co ROCE % Chart

Jiangsu Phoenix Property Investment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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1.79

1.56

0.98

-5.33

1.44

Jiangsu Phoenix Property Investment 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															1.47	-1.66	-0.09	0.81	-0.59

Jiangsu Phoenix Property Investment Co ROCE % Calculation

Jiangsu Phoenix Property Investment 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 )
	=	85.121	/	( ( (8138.868 - 2132.037)	+	(7900.859 - 2120.36) )	/ 2 )
	=	85.121	/	( (6006.831	+	5780.499)	/ 2 )
	=	85.121	/	5893.665
	=	1.44 %

Jiangsu Phoenix Property Investment 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 )
	=	-35.716	/	( ( (7932.935 - 2106.05)	+	(8149.196 - 1915.256) )	/ 2 )
	=	-35.716	/	( ( 5826.885	+	6233.94 )	/ 2 )
	=	-35.716	/	6030.4125
	=	-0.59 %

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

Jiangsu Phoenix Property Investment Co (SHSE:600716) 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.

Jiangsu Phoenix Property Investment Co ROCE % Related Terms

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Jiangsu Phoenix Property Investment Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Jiangsu Phoenix Property Investment Co Ltd (SHSE:600716) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 389, Zhongyang Road, 6th Floor, Phoenix International Building, Nanjing, CHN, 210037

Website

http://www.fhzy.cn

Jiangsu Phoenix Property Investment Co Ltd operates in the real estate sector. The company is engaged in real estate investment, industrial investment, house leasing and property management.

Executives

Xu Dian Cui	senior management
Cheng Gang	senior management
Bi Sheng	Director
Wang Jian Zhao	senior management
Zhang Miao Lei	senior management
Fang Lei	senior management
Tao Ai Ming	senior management
Yan Shu Yun	senior management
Qi Shi Jie	Director
Yang Bao Ning	Supervisors
Ji Feng	Director
Qi Hai Xu	Director
Chen Xue Dong	Supervisors

Jiangsu Phoenix Property Investment Co Headlines

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