Glorious Property Holdings (STU:GI0A) ROCE % : 0.00% (As of Jun. 2024)

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What is Glorious Property 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. Glorious Property Holdings's annualized ROCE % for the quarter that ended in Jun. 2024 was 0.00%.

Glorious Property Holdings ROCE % Historical Data

The historical data trend for Glorious Property 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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Glorious Property Holdings ROCE % Chart

Glorious Property Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.83

27.27

-57.61

98.03

-97.84

Glorious Property Holdings Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															-19.35	261.88	-10.49	-258.94	-

Glorious Property Holdings ROCE % Calculation

Glorious Property 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 )
	=	-166.305	/	( ( (6566.323 - 6169.934)	+	(5757.172 - 5813.597) )	/ 2 )
	=	-166.305	/	( (396.389	+	-56.425)	/ 2 )
	=	-166.305	/	169.982
	=	-97.84 %

Glorious Property Holdings'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 )
	=	161.62	/	( ( (5757.172 - 5813.597)	+	(5598.129 - 5730.145) )	/ 2 )
	=	161.62	/	( ( -56.425	+	-132.016 )	/ 2 )
	=	161.62	/	-94.2205
	=	0 %

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

Glorious Property Holdings (STU:GI0A) 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.

Glorious Property Holdings ROCE % Related Terms

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Glorious Property Holdings Business Description

Industry

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Traded in Other Exchanges

00845:Hong Kong

Address

50 Wing Tai Road, Room 807H, 8th Floor, Cornell Centre, Chai Wan, Hong Kong, HKG

Website

http://www.gloriousphl.com.cn

Glorious Property Holdings Ltd is a national property developer in China. It focuses on the development and sales of large-scale properties in key economic areas such as the Shanghai region, Yangtze River Delta, Pan Bohai Rim, and Northeast China. The firm develops residential and commercial properties and is also involved in property management. Its reportable operating segments, namely Shanghai Region, Yangtze River Delta (excluding Shanghai), Pan Bohai Rim, and Northeast China. The Others segment represents corporate support functions. The company generates maximum revenue from the Shanghai region.

Glorious Property Holdings Headlines

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