Kangqiao Service Group (HKSE:02205) ROCE % : -0.46% (As of Dec. 2023)

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What is Kangqiao Service 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. Kangqiao Service Group's annualized ROCE % for the quarter that ended in Dec. 2023 was -0.46%.

Kangqiao Service Group ROCE % Historical Data

The historical data trend for Kangqiao Service 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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Kangqiao Service Group ROCE % Chart

Kangqiao Service Group Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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144.51

61.23

23.12

10.69

9.35

Kangqiao Service Group Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial					21.01	18.43	3.51	18.57	-0.46

Kangqiao Service Group ROCE % Calculation

Kangqiao Service 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 )
	=	80.288	/	( ( (1305.965 - 439.223)	+	(1369.822 - 519.863) )	/ 2 )
	=	80.288	/	( (866.742	+	849.959)	/ 2 )
	=	80.288	/	858.3505
	=	9.35 %

Kangqiao Service 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 )
	=	-4.052	/	( ( (1383.799 - 477.447)	+	(1369.822 - 519.863) )	/ 2 )
	=	-4.052	/	( ( 906.352	+	849.959 )	/ 2 )
	=	-4.052	/	878.1555
	=	-0.46 %

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

Kangqiao Service Group (HKSE:02205) 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.

Kangqiao Service Group ROCE % Related Terms

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Kangqiao Service Group (HKSE:02205) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Kangqiao Service Group Ltd (HKSE:02205) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Daxue Road, 24F, Huacheng International Center, Erqi District, Henan Province, Zhengzhou, CHN

Website

http://www.kqysh.com.cn

Kangqiao Service Group Ltd is a reputable comprehensive property managements service provider. The group is principally engaged in provision of property management services, related value-added services and city services in the PRC. The company has derived all of its revenue from the PRC. The group derives majority of its revenue from Property management services.

Executives

Dong Yanxia
Hung Fai Property Limited
Trident Trust Company (south Dakota) Inc.
Song Gewei
Kang Qiao Yue Sheng Huo Kong Gu You Xian Gong Si

Kangqiao Service Group (HKSE:02205) Headlines

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