Central China Management Co (HKSE:09982) ROCE % : 20.44% (As of Jun. 2023)

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What is Central China Management 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. Central China Management Co's annualized ROCE % for the quarter that ended in Jun. 2023 was 20.44%.

Central China Management Co ROCE % Historical Data

The historical data trend for Central China Management 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.

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Central China Management Co ROCE % Chart

Central China Management Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

80.49

119.09

106.28

61.39

17.10

Central China Management Co Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial				61.20	47.52	22.68	12.16	20.44

Central China Management Co ROCE % Calculation

Central China Management Co's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	450.899	/	( ( (3544.871 - 702.591)	+	(3007.8 - 574.957) )	/ 2 )
	=	450.899	/	( (2842.28	+	2432.843)	/ 2 )
	=	450.899	/	2637.5615
	=	17.10 %

Central China Management Co's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	534.584	/	( ( (3007.8 - 574.957)	+	(3469.261 - 671.203) )	/ 2 )
	=	534.584	/	( ( 2432.843	+	2798.058 )	/ 2 )
	=	534.584	/	2615.4505
	=	20.44 %

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

Central China Management Co (HKSE:09982) 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.

Central China Management Co ROCE % Related Terms

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Central China Management Co (HKSE:09982) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Central China Management Co Ltd (HKSE:09982) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Nongye East Road, Room 212, 313, Block C, Jianye Office Building, Henan Province, Zhengzhou, CHN

Website

http://www.centralchinamgt.com

Central China Management Company, or CCMGT, is one of China's leading property project management companies with a dominant market position in Henan province. As a project manager, CCMGT may be involved in overseeing the design, construction, marketing, and sales strategy of a development for its clients, that is, the project owners. CCMGT is a sister company of Central China Real Estate, or CCRE, a prominent real estate developer in Henan. Both CCMGT and CCRE are not government-linked or owned.

Executives

Joy Bright Investments Limited	2101 Beneficial owner
Wu Lam Li	2202 Interest of your spouse
Wu Po Sum	2201 Interest of corporation controlled by you

Central China Management Co (HKSE:09982) Headlines

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