Shenzhen Special Economic Zone Real Estate And Properties (Group) Co (SZSE:000029) ROCE % : 0.23% (As of Mar. 2024)

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What is Shenzhen Special Economic Zone Real Estate And Properties (Group) 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. Shenzhen Special Economic Zone Real Estate And Properties (Group) Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 0.23%.

Shenzhen Special Economic Zone Real Estate And Properties (Group) Co ROCE % Historical Data

The historical data trend for Shenzhen Special Economic Zone Real Estate And Properties (Group) 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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Shenzhen Special Economic Zone Real Estate And Properties (Group) Co ROCE % Chart

Shenzhen Special Economic Zone Real Estate And Properties (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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21.75

11.11

7.24

5.03

-10.34

Shenzhen Special Economic Zone Real Estate And Properties (Group) Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-3.93	0.13	-0.91	-36.34	0.23

Shenzhen Special Economic Zone Real Estate And Properties (Group) Co ROCE % Calculation

Shenzhen Special Economic Zone Real Estate And Properties (Group) 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 )
	=	-429.393	/	( ( (5689.77 - 1345.817)	+	(6485.313 - 2526.725) )	/ 2 )
	=	-429.393	/	( (4343.953	+	3958.588)	/ 2 )
	=	-429.393	/	4151.2705
	=	-10.34 %

Shenzhen Special Economic Zone Real Estate And Properties (Group) Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	8.972	/	( ( (6485.313 - 2526.725)	+	(6472.6 - 2510.57) )	/ 2 )
	=	8.972	/	( ( 3958.588	+	3962.03 )	/ 2 )
	=	8.972	/	3960.309
	=	0.23 %

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

Shenzhen Special Economic Zone Real Estate And Properties (Group) Co (SZSE:000029) 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.

Shenzhen Special Economic Zone Real Estate And Properties (Group) Co ROCE % Related Terms

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Shenzhen Special Economic Zone Real Estate And Properties (Group) Co (SZSE:000029) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Shenzhen Special Economic Zone Real Estate And Properties (Group) Co Ltd (SZSE:000029) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

200029:China

Address

No. 3005, Renmin South Road, 45th Floor-48th Floor, Shenfang Plaza, Guangdong, Shenzhen, CHN, 518001

Website

http://www.sfjt.com.cn

Shenzhen Special Economic Zone Real Estate And Properties (Group) Co Ltd is a real estate company. The company is engaged in real estate development and sales, property leasing and management, hotel service and construction and installation services. Its products and services include commodity housing, property leasing and management, hotel service, construction and installation service, and renovation service. The operating business division is a Real estate, Engineering and Construction, Rental services, Property management, and others. It generates maximum revenue from the Real estate division.

Executives

Lu Hai Yan	Supervisors
Deng Kang Cheng	Director
Zhuang Quan	Supervisors
Zhou Jian Guo	Director
Zong De Chun	Director

Shenzhen Special Economic Zone Real Estate And Properties (Group) Co (SZSE:000029) Headlines

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