China Investment and Finance Group (HKSE:01226) ROCE % : -30.08% (As of Sep. 2023)

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What is China Investment and Finance Group 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 Investment and Finance Group's annualized ROCE % for the quarter that ended in Sep. 2023 was -30.08%.

China Investment and Finance Group ROCE % Historical Data

The historical data trend for China Investment and Finance Group'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 Investment and Finance Group ROCE % Chart

China Investment and Finance Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-24.16

-51.56

2.10

-3.22

-20.02

China Investment and Finance Group 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															14.97	-20.39	11.05	-47.78	-30.08

China Investment and Finance Group ROCE % Calculation

China Investment and Finance Group'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 )
	=	-40.667	/	( ( (225.718 - 16.003)	+	(204.495 - 7.864) )	/ 2 )
	=	-40.667	/	( (209.715	+	196.631)	/ 2 )
	=	-40.667	/	203.173
	=	-20.02 %

China Investment and Finance Group'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 )
	=	-54.986	/	( ( (204.495 - 7.864)	+	(176.645 - 7.709) )	/ 2 )
	=	-54.986	/	( ( 196.631	+	168.936 )	/ 2 )
	=	-54.986	/	182.7835
	=	-30.08 %

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

China Investment and Finance Group (HKSE:01226) 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 Investment and Finance Group ROCE % Related Terms

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China Investment and Finance Group (HKSE:01226) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » China Investment and Finance Group Ltd (HKSE:01226) » Definitions » ROCE %

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Address

70 Queen’s Road Central, Room 1104, Crawford House, Hong Kong, HKG

Website

http://www.chnif.com.hk

China Investment and Finance Group Ltd is an investment holding company. Along with its subsidiaries, the company is engaged in securities trading and investment holding. It principally invests in listed and unlisted securities. The company derives revenue from dividends and interest income. Geographically, all the operations of the company are carried out in Hong Kong.

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