Binjiang Service Group Co (HKSE:03316) ROCE % : 47.56% (As of Dec. 2023)

View and export this data going back to 2019. Start your Free Trial

What is Binjiang 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. Binjiang Service Group Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 47.56%.

Binjiang Service Group Co ROCE % Historical Data

The historical data trend for Binjiang 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.

Binjiang Service Group Co ROCE % Chart

Binjiang Service Group Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

33.85

36.89

46.95

47.36

44.99

Binjiang Service Group Co Semi-Annual Data
	Dec15	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial										50.23	50.09	49.60	48.01	47.56

Binjiang Service Group Co ROCE % Calculation

Binjiang 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 )
	=	714.441	/	( ( (3343.435 - 1876.975)	+	(4435.166 - 2725.329) )	/ 2 )
	=	714.441	/	( (1466.46	+	1709.837)	/ 2 )
	=	714.441	/	1588.1485
	=	44.99 %

Binjiang 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 )
	=	740.176	/	( ( (4222.024 - 2819.377)	+	(4435.166 - 2725.329) )	/ 2 )
	=	740.176	/	( ( 1402.647	+	1709.837 )	/ 2 )
	=	740.176	/	1556.242
	=	47.56 %

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

Binjiang Service Group Co (HKSE:03316) 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.

Binjiang Service Group Co ROCE % Related Terms

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

Binjiang Service Group Co (HKSE:03316) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Binjiang Service Group Co Ltd (HKSE:03316) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 189 Fengqi East Road, Xincheng Times Square, 12th Floor, Room 1201-1, Block 1, Building 1, Jianggan District, Hangzhou, CHN

Website

https://www.hzbjwy.com

Binjiang Service Group Co Ltd is a property management service provider in China. The Company's business segments are classified into property management services, value-added services to non-property owners and 5S value-added services. Geographically, the company has majority of its operations in China.

Executives

Qi Jiaqi
Bright Cloud Holding Limited	2201 Interest of corporation controlled by you
Cantrust (far East) Limited	2301 Trustee
Great Dragon Ventures Limited
Qi Jinxing
Infiniti Trust (asia) Limited	2301 Trustee
Great Splendor Holding Limited	2201 Interest of corporation controlled by you
Haoyu Ventures Limited
Jovial Success Global Holding Limited
Mo Jianhua
Splendid Force Holding Limited	2201 Interest of corporation controlled by you
Zhu Huiming

Binjiang Service Group Co (HKSE:03316) Headlines

No Headlines