TMPPF (Times China Holdings) ROCE % : -13.21% (As of Jun. 2024)

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What is Times China 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. Times China Holdings's annualized ROCE % for the quarter that ended in Jun. 2024 was -13.21%.

Times China Holdings ROCE % Historical Data

The historical data trend for Times China 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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Times China Holdings ROCE % Chart

Times China Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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15.24

13.60

11.69

-11.55

-7.23

Times China 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															0.63	-26.83	-2.87	-10.70	-13.21

Times China Holdings ROCE % Calculation

Times China 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 )
	=	-368.249	/	( ( (21502.209 - 16155.904)	+	(16961.315 - 12120.547) )	/ 2 )
	=	-368.249	/	( (5346.305	+	4840.768)	/ 2 )
	=	-368.249	/	5093.5365
	=	-7.23 %

Times China 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 )
	=	-572.908	/	( ( (16961.315 - 12120.547)	+	(15860.974 - 12025.446) )	/ 2 )
	=	-572.908	/	( ( 4840.768	+	3835.528 )	/ 2 )
	=	-572.908	/	4338.148
	=	-13.21 %

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

Times China Holdings (OTCPK:TMPPF) 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.

Times China Holdings ROCE % Related Terms

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Times China Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Times China Holdings Ltd (OTCPK:TMPPF) » Definitions » ROCE %

Traded in Other Exchanges

01233:Hong Kong T2H:Germany

Address

410-412 Dongfeng Zhong Road, 36-38F, Times Property Center, Guangdong Province, Guangzhou, CHN, 510030

Website

https://www.timesgroup.cn

Times China Holdings Ltd is a real estate company. It is principally engaged in the development and management of residential, and commercial properties, industrial parks, and featured small towns. It operates in three segments: the property development segment develops residential and commercial properties for sale, the Urban redevelopment segment redevelops old towns, old factories, and old villages, and the Property leasing segment engages in the development, leasing, and subleasing of commercial properties owned by the company or third parties.

Times China Holdings Headlines

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