Wing Tai Properties (HKSE:00369) ROCE % : -2.23% (As of Dec. 2023)

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What is Wing Tai Properties 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. Wing Tai Properties's annualized ROCE % for the quarter that ended in Dec. 2023 was -2.23%.

Wing Tai Properties ROCE % Historical Data

The historical data trend for Wing Tai Properties'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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Wing Tai Properties ROCE % Chart

Wing Tai Properties Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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1.31

-1.40

3.63

-0.11

-1.81

Wing Tai Properties 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															5.39	3.19	-3.41	-1.36	-2.23

Wing Tai Properties ROCE % Calculation

Wing Tai Properties'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 )
	=	-564.6	/	( ( (35499.2 - 3604.9)	+	(33988.1 - 3636.7) )	/ 2 )
	=	-564.6	/	( (31894.3	+	30351.4)	/ 2 )
	=	-564.6	/	31122.85
	=	-1.81 %

Wing Tai Properties'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 )
	=	-695.8	/	( ( (34935.2 - 2907.1)	+	(33988.1 - 3636.7) )	/ 2 )
	=	-695.8	/	( ( 32028.1	+	30351.4 )	/ 2 )
	=	-695.8	/	31189.75
	=	-2.23 %

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

Wing Tai Properties (HKSE:00369) 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.

Wing Tai Properties ROCE % Related Terms

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Wing Tai Properties (HKSE:00369) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Wing Tai Properties Ltd (HKSE:00369) » Definitions » ROCE %

Traded in Other Exchanges

USH:Germany

Address

Landmark East, 100 How Ming Street, 27th Floor, AIA Kowloon Tower, Kwun Tong, Kowloon, Hong Kong, HKG

Website

https://www.wingtaiproperties.com

Wing Tai Properties Ltd is an investment holding company. The business activity of the group is operated through Property Development, Property Investment & Management, Hospitality Investment & Management, and Other segments. Its investment property portfolio is mainly comprised of commercial, industrial, residential units and serviced apartments, and others. The company's geographical segments are Hong Kong, the United Kingdom, the People's Republic of China, Singapore, and others, of which the majority of its revenue comes from Hong Kong.

Executives

Cheng Wai Chee Christopher	2101 Beneficial owner
Cheng Edward Wai Sun	2101 Beneficial owner
Butterfield Fiduciary Services (cayman) Limited
Butterfield Trust (asia) Limited	2301 Trustee
Ckf Limited	2201 Interest of corporation controlled by you
Whcwtf Limited	2201 Interest of corporation controlled by you
Hsbc Trustee (c.i.) Limited	2301 Trustee
Sun Hung Kai Properties Limited

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