Greentown Service Group Co (HKSE:02869) ROCE % : 8.46% (As of Dec. 2023)

View and export this data going back to 2016. Start your Free Trial

What is Greentown Service Group 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. Greentown Service Group Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 8.46%.

Greentown Service Group Co ROCE % Historical Data

The historical data trend for Greentown Service Group 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.

* Premium members only.

Greentown Service Group Co ROCE % Chart

Greentown Service Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

19.73

16.84

14.90

10.06

10.95

Greentown Service Group 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															11.86	11.94	8.87	13.57	8.46

Greentown Service Group Co ROCE % Calculation

Greentown Service Group 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 )
	=	1149.086	/	( ( (18820.766 - 8249.701)	+	(19777.348 - 9360.04) )	/ 2 )
	=	1149.086	/	( (10571.065	+	10417.308)	/ 2 )
	=	1149.086	/	10494.1865
	=	10.95 %

Greentown Service Group 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 )
	=	878.912	/	( ( (19451.737 - 9100.065)	+	(19777.348 - 9360.04) )	/ 2 )
	=	878.912	/	( ( 10351.672	+	10417.308 )	/ 2 )
	=	878.912	/	10384.49
	=	8.46 %

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

Greentown Service Group Co (HKSE:02869) 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.

Greentown Service Group Co ROCE % Related Terms

Thank you for viewing the detailed overview of Greentown Service Group Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Greentown Service Group Co (HKSE:02869) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Greentown Service Group Co Ltd (HKSE:02869) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.767 West Wenyi Road, Block B, Xixi International Business Center, Zhejiang Province, Hangzhou, CHN

Website

https://www.lvchengfuwu.com

Greentown Service Group, or GSG, is the sister company of property developer Greentown China. GSG is one of the first China property management firms listed in Hong Kong since July 2016. Headquartered in Hangzhou, GSG is a leading service provider in the Yangtze River Delta focusing on high-end residential properties, with core property management contributing to more than 60% of GSG's revenue. Other key earnings contributors include community value added services and project consultancy services to developers. The founding shareholders, who also control Greentown China, collectively own over a 40% stake in GSG in 2022. China property developer Longfor Group holds around 9% equity interest in GSG.

Greentown Service Group Co (HKSE:02869) Headlines

No Headlines