Redsun Properties Group (HKSE:01996) ROCE % : -27.01% (As of Dec. 2023)

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What is Redsun Properties 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. Redsun Properties Group's annualized ROCE % for the quarter that ended in Dec. 2023 was -27.01%.

Redsun Properties Group ROCE % Historical Data

The historical data trend for Redsun Properties 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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Redsun Properties Group ROCE % Chart

Redsun Properties Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.16

9.39

7.75

-4.12

-18.28

Redsun Properties Group 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											6.92	2.83	-13.10	-11.07	-27.01

Redsun Properties Group ROCE % Calculation

Redsun Properties Group'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 )
	=	-5752.67	/	( ( (113606.698 - 74377.141)	+	(81931.08 - 58211.217) )	/ 2 )
	=	-5752.67	/	( (39229.557	+	23719.863)	/ 2 )
	=	-5752.67	/	31474.71
	=	-18.28 %

Redsun Properties Group'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 )
	=	-7552.254	/	( ( (102583.057 - 70388.891)	+	(81931.08 - 58211.217) )	/ 2 )
	=	-7552.254	/	( ( 32194.166	+	23719.863 )	/ 2 )
	=	-7552.254	/	27957.0145
	=	-27.01 %

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

Redsun Properties Group (HKSE:01996) 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.

Redsun Properties Group ROCE % Related Terms

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Redsun Properties Group (HKSE:01996) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Redsun Properties Group Ltd (HKSE:01996) » Definitions » ROCE %

Traded in Other Exchanges

0RJ:Germany

Address

No. 9 Daqiao North Road, 26th Floor, Hong Yang Building, Pukou District, Jiangsu Province, Nanjing, CHN

Website

https://www.rsunproperty.hk

Redsun Properties Group Ltd is a China-based company engages in the property development business. It's business operations consist of three principal business segments: Property Development and Sales; Commercial Property Investment and Operations; and Hotel Operations. The company derived its revenue from sale of its developed residential properties and supporting retail properties, rental income from the investment in and operation of commercial properties, and service fee income from its hotel operaTions.

Executives

Hong Yang Group (holdings) Limited	2201 Interest of corporation controlled by you
Hong Yang Group Company Limited	2201 Interest of corporation controlled by you
Hong Yang International Limited	2201 Interest of corporation controlled by you
Redsun Properties Group (holdings) Limited	2101 Beneficial owner
Chen Sihong	2202 Interest of your spouse
Zeng Huansha	2201 Interest of corporation controlled by you

Redsun Properties Group (HKSE:01996) Headlines

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