China Development Bank Financial Leasing Co (HKSE:01606) ROCE % : 10.81% (As of Dec. 2023)

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What is China Development Bank Financial Leasing 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 Development Bank Financial Leasing Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 10.81%.

China Development Bank Financial Leasing Co ROCE % Historical Data

The historical data trend for China Development Bank Financial Leasing 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 Development Bank Financial Leasing Co ROCE % Chart

China Development Bank Financial Leasing Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.98

11.43

6.92

10.50

10.95

China Development Bank Financial Leasing Co Semi-Annual Data
	Dec13	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															1.13	10.26	8.88	9.97	10.81

China Development Bank Financial Leasing Co ROCE % Calculation

China Development Bank Financial Leasing 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 )
	=	17261.129	/	( ( (396117.97 - 242941.393)	+	(448115.634 - 286087.184) )	/ 2 )
	=	17261.129	/	( (153176.577	+	162028.45)	/ 2 )
	=	17261.129	/	157602.5135
	=	10.95 %

China Development Bank Financial Leasing 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 )
	=	18185.37	/	( ( (398120.872 - 223734.236)	+	(448115.634 - 286087.184) )	/ 2 )
	=	18185.37	/	( ( 174386.636	+	162028.45 )	/ 2 )
	=	18185.37	/	168207.543
	=	10.81 %

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

China Development Bank Financial Leasing Co (HKSE:01606) 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 Development Bank Financial Leasing Co ROCE % Related Terms

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China Development Bank Financial Leasing Co (HKSE:01606) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » China Development Bank Financial Leasing Co Ltd (HKSE:01606) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

2C6:Germany

Address

No. 2003 Fuzhong, Third Road, CDB Financial Center, Futian District, Guangdong Province, Shenzhen, CHN, 518026

Website

http://www.cdb-leasing.com

China Development Bank Financial Leasing Co Ltd is engaged in providing leasing services to customers in industries such as aviation, infrastructure, shipping, commercial vehicle, and construction machinery. The operating business segments are Aircraft Leasing, Infrastructure Leasing, Ship Leasing, Inclusive Finance, and Other Leasing businesses. The activities of the company include finance lease business, accepting lease deposits, interbank lending, an project consultancy, and providing a guarantee.

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