Cinese International Group Holdings (HKSE:01620) ROCE % : 13.23% (As of Dec. 2023)

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What is Cinese International Group Holdings 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. Cinese International Group Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 13.23%.

Cinese International Group Holdings ROCE % Historical Data

The historical data trend for Cinese International Group Holdings'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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Cinese International Group Holdings ROCE % Chart

Cinese International Group Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.40

-36.64

-61.89

-23.25

9.99

Cinese International Group Holdings Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial											-56.08	-38.16	-7.92	7.21	13.23

Cinese International Group Holdings ROCE % Calculation

Cinese International Group Holdings'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 )
	=	5.398	/	( ( (132.95 - 79.5)	+	(141.804 - 87.216) )	/ 2 )
	=	5.398	/	( (53.45	+	54.588)	/ 2 )
	=	5.398	/	54.019
	=	9.99 %

Cinese International Group Holdings'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 )
	=	7.014	/	( ( (146.935 - 95.452)	+	(141.804 - 87.216) )	/ 2 )
	=	7.014	/	( ( 51.483	+	54.588 )	/ 2 )
	=	7.014	/	53.0355
	=	13.23 %

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

Cinese International Group Holdings (HKSE:01620) 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.

Cinese International Group Holdings ROCE % Related Terms

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Cinese International Group Holdings (HKSE:01620) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Cinese International Group Holdings Ltd (HKSE:01620) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1090 Don Mills Road, Suite 304, Toronto, ON, CAN, M3C 3R6

Website

http://www.cighl.com

Cinese International Group Holdings Ltd is engaged in air ticket distribution, travel business process management, travel products and services, and other business process management. The business segments are air ticket distribution, travel business process management, travel products and services, and other business process management. The other business process management segment contributes to the majority of its revenue. Geographically, the majority of the company's revenue is generated from Canada.

Executives

Liu Xuebin	2201 Interest of corporation controlled by you
Tomorrow Education Holding Limited	2201 Interest of corporation controlled by you
Tomorrow Education Technology Limited	2101 Beneficial owner

Cinese International Group Holdings (HKSE:01620) Headlines

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