Richly Field China Development (HKSE:00313) ROCE % : -22.33% (As of Sep. 2023)

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What is Richly Field China Development 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. Richly Field China Development's annualized ROCE % for the quarter that ended in Sep. 2023 was -22.33%.

Richly Field China Development ROCE % Historical Data

The historical data trend for Richly Field China Development'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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Richly Field China Development ROCE % Chart

Richly Field China Development Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-5.46

-13.19

-18.65

Richly Field China Development Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial															-	-	-	-5.96	-22.33

Richly Field China Development ROCE % Calculation

Richly Field China Development's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	1472.899	/	( ( (5222.86 - 5974.519)	+	(2150.012 - 1568.54) )	/ 2 )
	=	1472.899	/	( (-751.659	+	581.472)	/ 2 )
	=	1472.899	/	-85.0935
	=	-1,730.92 %

Richly Field China Development's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	-125.2	/	( ( (2150.012 - 1568.54)	+	(2062.804 - 1522.814) )	/ 2 )
	=	-125.2	/	( ( 581.472	+	539.99 )	/ 2 )
	=	-125.2	/	560.731
	=	-22.33 %

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

Richly Field China Development (HKSE:00313) 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.

Richly Field China Development ROCE % Related Terms

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Richly Field China Development (HKSE:00313) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Richly Field China Development Ltd (HKSE:00313) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 223 Hing Fong Road, Unit 1504, 15th Floor, Tower 2, Metroplaza, Kwai Chung, New Territories, Hong Kong, HKG

Website

http://www.richlyfieldchinagroup.com

Richly Field China Development Ltd is an investment holding company. The group is principally engaged in outlets commercial operation and development and operation of featured commercial properties (such as tourism property, senior care property and wine chateaus), development of high-end residential properties as well as property management. The group's revenue is derived from its property development and investment projects in Changsha, Hunan Province (Changsha Project), Qinhuangdao of Hebei Province (Qinhuangdao Project) and Ningxia, Yinchuan City (Ningxia Project) in the PRC.

Executives

Galaxy Sharp Investment Holdings Limited	2201 Interest of corporation controlled by you
Sino Dynamics Investments Limited	2201 Interest of corporation controlled by you
Wu Peipei	2201 Interest of corporation controlled by you
Wang Hua	2201 Interest of corporation controlled by you
Zhen Xuan Tou Zi You Xian Gong Si	2101 Beneficial owner
Du Wei	2201 Interest of corporation controlled by you
Quan Li Guo Ji You Xian Gong Si	2201 Interest of corporation controlled by you
Jia Yue You Xian Gong Si	2101 Beneficial owner
Mei De Qi Ye You Xian Gong Si	2201 Interest of corporation controlled by you

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