Yincheng Life Service Co (HKSE:01922) ROCE % : 30.12% (As of Dec. 2023)

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What is Yincheng Life Service 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. Yincheng Life Service Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 30.12%.

Yincheng Life Service Co ROCE % Historical Data

The historical data trend for Yincheng Life Service 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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Yincheng Life Service Co ROCE % Chart

Yincheng Life Service Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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49.85

64.34

54.38

44.11

35.18

Yincheng Life Service Co Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial								55.35	48.23	44.04	40.21	30.12

Yincheng Life Service Co ROCE % Calculation

Yincheng Life Service 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 )
	=	181.356	/	( ( (1390.052 - 955.123)	+	(1600.6 - 1004.606) )	/ 2 )
	=	181.356	/	( (434.929	+	595.994)	/ 2 )
	=	181.356	/	515.4615
	=	35.18 %

Yincheng Life Service 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 )
	=	169.212	/	( ( (1410.951 - 883.456)	+	(1600.6 - 1004.606) )	/ 2 )
	=	169.212	/	( ( 527.495	+	595.994 )	/ 2 )
	=	169.212	/	561.7445
	=	30.12 %

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

Yincheng Life Service Co (HKSE:01922) 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.

Yincheng Life Service Co ROCE % Related Terms

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Yincheng Life Service Co (HKSE:01922) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Yincheng Life Service Co Ltd (HKSE:01922) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

289 Jiangdong Avenue North, 5th Floor, Block A Yincheng Plaza, Jiangsu Province, Nanjing, CHN

Website

http://www.yinchenglife.hk

Yincheng Life Service Co Ltd is a property management service provider. It provides diversified property management services and value-added services for living communities. The business covers a wide range of properties, including residential and non-residential properties such as government facilities, financial institutions, property sales offices, hospitals, commercial complex, parks, highway service areas.

Executives

First Beijing Investment Limited	2102 Investment manager
Silver Huang Holding Limited	2101 Beneficial owner
Huang Qingping	2201 Interest of corporation controlled by you
Hongkong Ruihua Investment Management Limited	2101 Beneficial owner
Zhang Jianbin	2201 Interest of corporation controlled by you
Jiang Su Rui Hua Tou Zi Kong Gu Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Silver Zhu Holding Limited	2101 Beneficial owner
Zhu Linnan	2201 Interest of corporation controlled by you

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