SOHO China (HKSE:00410) ROCE % : 1.13% (As of Dec. 2023)

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What is SOHO China 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. SOHO China's annualized ROCE % for the quarter that ended in Dec. 2023 was 1.13%.

SOHO China ROCE % Historical Data

The historical data trend for SOHO China'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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SOHO China ROCE % Chart

SOHO China Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.23

4.12

1.87

2.18

1.50

SOHO China 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															2.07	2.28	1.99	1.79	1.13

SOHO China ROCE % Calculation

SOHO China'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 )
	=	900.995	/	( ( (76882.58 - 20752.109)	+	(75052.434 - 11431.668) )	/ 2 )
	=	900.995	/	( (56130.471	+	63620.766)	/ 2 )
	=	900.995	/	59875.6185
	=	1.50 %

SOHO China'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 )
	=	724.852	/	( ( (75384.037 - 11243.555)	+	(75052.434 - 11431.668) )	/ 2 )
	=	724.852	/	( ( 64140.482	+	63620.766 )	/ 2 )
	=	724.852	/	63880.624
	=	1.13 %

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

SOHO China (HKSE:00410) 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.

SOHO China ROCE % Related Terms

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SOHO China (HKSE:00410) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » SOHO China Ltd (HKSE:00410) » Definitions » ROCE %

Comparable Companies

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SOHOF:USA

Address

No. 6B Chaowai Street, 11th Floor, Tower A, Chaowai SOHO, Chaoyang District, Beijing, CHN, 100020

Website

https://www.sohochina.com

SOHO China Ltd is engaged in real estate development, property leasing, and property management activities. It focuses on the commercial properties in the core areas of Beijing and Shanghai that will benefit from an appreciation in value. All of its rental income revenues are derived from China.

Executives

Pan Shiyi

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