Tieling Newcity Investment Holding (Group) (SZSE:000809) ROCE % : -2.14% (As of Mar. 2024)

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What is Tieling Newcity Investment Holding (Group) 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. Tieling Newcity Investment Holding (Group)'s annualized ROCE % for the quarter that ended in Mar. 2024 was -2.14%.

Tieling Newcity Investment Holding (Group) ROCE % Historical Data

The historical data trend for Tieling Newcity Investment Holding (Group)'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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Tieling Newcity Investment Holding (Group) ROCE % Chart

Tieling Newcity Investment Holding (Group) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-0.42

0.42

-1.07

1.35

-1.30

Tieling Newcity Investment Holding (Group) 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															-1.43	-0.95	-1.42	-1.54	-2.14

Tieling Newcity Investment Holding (Group) ROCE % Calculation

Tieling Newcity Investment Holding (Group)'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 )
	=	-47.083	/	( ( (4305.018 - 750.733)	+	(4611.702 - 927.244) )	/ 2 )
	=	-47.083	/	( (3554.285	+	3684.458)	/ 2 )
	=	-47.083	/	3619.3715
	=	-1.30 %

Tieling Newcity Investment Holding (Group)'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 )
	=	-78.556	/	( ( (4611.702 - 927.244)	+	(4478.005 - 828.216) )	/ 2 )
	=	-78.556	/	( ( 3684.458	+	3649.789 )	/ 2 )
	=	-78.556	/	3667.1235
	=	-2.14 %

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

Tieling Newcity Investment Holding (Group) (SZSE:000809) 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.

Tieling Newcity Investment Holding (Group) ROCE % Related Terms

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Tieling Newcity Investment Holding (Group) (SZSE:000809) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Tieling Newcity Investment Holding (Group) Ltd (SZSE:000809) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 12, Jinshajiang Road, Fanhe New District, Liaoning Province, Tieling, CHN, 112000

Website

http://www.tielingnewcity.com.cn

Tieling Newcity Investment Holding Ltd is a China-based company engaged in the land development projects. Its business activities include first-level development business and urban operations. The first-level development business division includes municipal infrastructure construction and land project development. And the urban operations division includes water supply, sewage treatment, taxi operations, and advertising media.

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