Central China Real Estate (Central China Real Estate) ROCE % : -53.93% (As of Dec. 2023)

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What is Central China Real Estate 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. Central China Real Estate's annualized ROCE % for the quarter that ended in Dec. 2023 was -53.93%.

Central China Real Estate ROCE % Historical Data

The historical data trend for Central China Real Estate'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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Central China Real Estate ROCE % Chart

Central China Real Estate Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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18.56

17.14

12.25

-24.77

-11.62

Central China Real Estate Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															8.81	-38.87	-7.87	-4.63	-53.93

Central China Real Estate ROCE % Calculation

Central China Real Estate'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 )
	=	-163.61	/	( ( (19931.576 - 17678.975)	+	(16426.216 - 15862.031) )	/ 2 )
	=	-163.61	/	( (2252.601	+	564.185)	/ 2 )
	=	-163.61	/	1408.393
	=	-11.62 %

Central China Real Estate's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-265.138	/	( ( (18143.36 - 17724.353)	+	(16426.216 - 15862.031) )	/ 2 )
	=	-265.138	/	( ( 419.007	+	564.185 )	/ 2 )
	=	-265.138	/	491.596
	=	-53.93 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Central China Real Estate (OTCPK:CNLLF) 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.

Central China Real Estate ROCE % Related Terms

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Central China Real Estate (Central China Real Estate) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Central China Real Estate Ltd (OTCPK:CNLLF) » Definitions » ROCE %

Traded in Other Exchanges

00832:Hong Kong AJ5:Germany

Address

Nongye East Road, Block E, Jianye Office Building, Henan Province, Zhengzhou, CHN

Website

http://www.jianye.com.cn

Central China Real Estate Limited is a Hong Kong-based investment holding company principally engaged in property businesses. The Company's main businesses include the development of property projects for sales and rental, as well as hotel operations. Its properties include Zhengzhou Tianzhu, Zhengzhou Triumph Plaza, Pingdingshan Eighteen Cities, and Jiaozuo Xiuwu Forest Peninsula, among others. Its hotels include Le Meridien Zhengzhou, Aloft Zhengzhou Shangjie, and Holiday Inn Nanyang, among others. The Company is also involved in the businesses of cultural tourism projects and light-asset model projects. The Company mainly operates businesses in Henan, China.

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