China Electronics Optics Valley Union Holding Co (HKSE:00798) ROCE % : 14.00% (As of Dec. 2023)

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What is China Electronics Optics Valley Union Holding 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 Electronics Optics Valley Union Holding Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 14.00%.

China Electronics Optics Valley Union Holding Co ROCE % Historical Data

The historical data trend for China Electronics Optics Valley Union Holding 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 Electronics Optics Valley Union Holding Co ROCE % Chart

China Electronics Optics Valley Union Holding Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.51

10.43

12.02

9.30

9.08

China Electronics Optics Valley Union Holding 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															18.51	4.80	13.59	4.23	14.00

China Electronics Optics Valley Union Holding Co ROCE % Calculation

China Electronics Optics Valley Union Holding 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 )
	=	1416.405	/	( ( (24991.553 - 9693.925)	+	(25673.143 - 9769.185) )	/ 2 )
	=	1416.405	/	( (15297.628	+	15903.958)	/ 2 )
	=	1416.405	/	15600.793
	=	9.08 %

China Electronics Optics Valley Union Holding 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 )
	=	2185.46	/	( ( (25301.572 - 9987.259)	+	(25673.143 - 9769.185) )	/ 2 )
	=	2185.46	/	( ( 15314.313	+	15903.958 )	/ 2 )
	=	2185.46	/	15609.1355
	=	14.00 %

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

China Electronics Optics Valley Union Holding Co (HKSE:00798) 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 Electronics Optics Valley Union Holding Co ROCE % Related Terms

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China Electronics Optics Valley Union Holding Co (HKSE:00798) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » China Electronics Optics Valley Union Holding Co Ltd (HKSE:00798) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

16 Ye Zhi Hu West Road, Building No. 1, Higher Level, Creative Capital, Hongshan District, Hubei, Wuhan, CHN

Website

http://www.ceovu.com

China Electronics Optics Valley Union Holding Co Ltd is an investment holding company engaged in the development of properties. The segments are Industrial Park development services; industrial park operation services including design and construction services, property management services, leasing services, energy services, digital park (apartment) services, incubator and office sharing services, industrial park financial services as well as group catering and hotel services; and industrial investment this segment represents industrial-related industry investment businesses in various theme parks. The group's operations are located in Mainland China.

Executives

Huang Liping	2201 Interest of corporation controlled by you
Aaa Finance And Investment Holdings Limited	2101 Beneficial owner
China Electronics Corporation Limited	2201 Interest of corporation controlled by you
Hubei Science & Technology Investment Group (hong Kong) Company Limited	2101 Beneficial owner
Hubei Science & Technology Investment Group Co., Ltd.	2201 Interest of corporation controlled by you

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