China Ever Grand Financial Leasing Group Co (HKSE:00379) ROCE % : -7.16% (As of Dec. 2023)

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What is China Ever Grand Financial Leasing Group Co 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. China Ever Grand Financial Leasing Group Co's annualized ROCE % for the quarter that ended in Dec. 2023 was -7.16%.

China Ever Grand Financial Leasing Group Co ROCE % Historical Data

The historical data trend for China Ever Grand Financial Leasing Group Co'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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China Ever Grand Financial Leasing Group Co ROCE % Chart

China Ever Grand Financial Leasing Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-4.50

-43.33

-10.15

-5.71

-8.14

China Ever Grand Financial Leasing Group Co 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															-9.17	-22.01	9.45	-8.79	-7.16

China Ever Grand Financial Leasing Group Co ROCE % Calculation

China Ever Grand Financial Leasing Group Co'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 )
	=	-40.887	/	( ( (801.335 - 249.369)	+	(502.831 - 49.888) )	/ 2 )
	=	-40.887	/	( (551.966	+	452.943)	/ 2 )
	=	-40.887	/	502.4545
	=	-8.14 %

China Ever Grand Financial Leasing Group Co'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 )
	=	-34.748	/	( ( (753.755 - 235.449)	+	(502.831 - 49.888) )	/ 2 )
	=	-34.748	/	( ( 518.306	+	452.943 )	/ 2 )
	=	-34.748	/	485.6245
	=	-7.16 %

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

China Ever Grand Financial Leasing Group Co (HKSE:00379) 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.

China Ever Grand Financial Leasing Group Co ROCE % Related Terms

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China Ever Grand Financial Leasing Group Co (HKSE:00379) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » China Ever Grand Financial Leasing Group Co Ltd (HKSE:00379) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 6 Tonnochy Road, 22nd Floor, Room 2203, Kwan Chart Tower, Wanchai, Hong Kong, HKG

Website

https://www.egichk.com

China Ever Grand Financial Leasing Group Co Ltd is an investment holding company. The operating segments of the organization are; Financial Leasing Segment includes the provision of finance lease consulting services and financing services, The investment segment includes investment properties in the PRC and Hong Kong, investments in securities, and money lending business in Hong Kong, The trading segment includes the sale of medical, health, and hygiene products, and daily necessities, and Other segment includes the research and development, manufacturing, and sale of food additives, new food ingredients and nutritional enhancers. Geographically, it derives a majority of its revenue from Hong Kong.

Executives

Heron Biomedical Limited	2101 Beneficial owner
Expert Magic Limited	2101 Beneficial owner
Ng Tin Shui	2201 Interest of corporation controlled by you
Lam Tsun On	2201 Interest of corporation controlled by you
Chi Chin	2201 Interest of corporation controlled by you
Funde Sino Life Insurance Co.,ltd.	2101 Beneficial owner
Oshidori International Holdings Limited	2106 Person having a security interest in shares
Win Wind Capital Limited	2106 Person having a security interest in shares
Win Wind Resources Limited	2106 Person having a security interest in shares

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