Midea Real Estate Holding (HKSE:03990) ROCE % : 4.39% (As of Dec. 2023)

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What is Midea Real Estate Holding 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. Midea Real Estate Holding's annualized ROCE % for the quarter that ended in Dec. 2023 was 4.39%.

Midea Real Estate Holding ROCE % Historical Data

The historical data trend for Midea Real Estate Holding'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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Midea Real Estate Holding ROCE % Chart

Midea Real Estate Holding Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.18

9.38

9.98

7.48

5.48

Midea Real Estate Holding 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										9.61	8.72	6.32	6.49	4.39

Midea Real Estate Holding ROCE % Calculation

Midea Real Estate Holding'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 )
	=	4907.762	/	( ( (281343.715 - 185669.123)	+	(220483.078 - 137023.806) )	/ 2 )
	=	4907.762	/	( (95674.592	+	83459.272)	/ 2 )
	=	4907.762	/	89566.932
	=	5.48 %

Midea Real Estate Holding'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 )
	=	3797.918	/	( ( (253173.906 - 163531.351)	+	(220483.078 - 137023.806) )	/ 2 )
	=	3797.918	/	( ( 89642.555	+	83459.272 )	/ 2 )
	=	3797.918	/	86550.9135
	=	4.39 %

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

Midea Real Estate Holding (HKSE:03990) 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.

Midea Real Estate Holding ROCE % Related Terms

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Midea Real Estate Holding (HKSE:03990) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Midea Real Estate Holding Ltd (HKSE:03990) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

MR9:Germany

Address

No.1 Chengde Road, 34th Floor, Tower 4, Midea Real Estate Plaza, Shunde District, Guangdong Province, Foshan, CHN, 528311

Website

https://www.mideadc.com

Midea Real Estate Holding Ltd is a real estate development company that offers real estate services. It operates through three principal business segments: Property development and sales; Property management services; and Investment and operation of commercial properties. Property development and sales generates most of the revenue.

Executives

He Jianfeng	2202 Interest of your spouse
He Xiangjian	2103 Interests held jointly with another person
Midea Development Holding (bvi) Limited	2101 Beneficial owner
Lu Deyan	2201 Interest of corporation controlled by you
Ya Ge Er Ji Tuan Gu Fen You Xian Gong Si	2101 Beneficial owner

Midea Real Estate Holding (HKSE:03990) Headlines

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