China Unicom (Hong Kong) (SGX:K3ID) ROCE % : 1.61% (As of Dec. 2023)

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What is China Unicom (Hong Kong) 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. China Unicom (Hong Kong)'s annualized ROCE % for the quarter that ended in Dec. 2023 was 1.61%.

China Unicom (Hong Kong) ROCE % Historical Data

The historical data trend for China Unicom (Hong Kong)'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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China Unicom (Hong Kong) ROCE % Chart

China Unicom (Hong Kong) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.70

5.10

5.46

5.55

6.24

China Unicom (Hong Kong) Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															1.61	-	4.85	1.61	7.65

China Unicom (Hong Kong) ROCE % Calculation

China Unicom (Hong Kong)'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 )
	=	3490.939	/	( ( (92181.677 - 35984.05)	+	(92581.58 - 36925.016) )	/ 2 )
	=	3490.939	/	( (56197.627	+	55656.564)	/ 2 )
	=	3490.939	/	55927.0955
	=	6.24 %

China Unicom (Hong Kong)'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	1179.24	/	( ( (91087.436 - 0)	+	(92581.58 - 36925.016) )	/ 2 )
	=	1179.24	/	( ( 91087.436	+	55656.564 )	/ 2 )
	=	1179.24	/	73372
	=	1.61 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

China Unicom (Hong Kong) (SGX:K3ID) 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.

China Unicom (Hong Kong) ROCE % Related Terms

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China Unicom (Hong Kong) (SGX:K3ID) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » China Unicom (Hong Kong) Ltd (SGX:K3ID) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

00762:Hong Kong XCI:Germany

Address

99 Queen's Road, 75th Floor, The Center, Central, Hong Kong, HKG

Website

https://www.chinaunicom.com.hk

China Unicom is the incumbent fixed-line operator in 10 northern Chinese provinces, as well as the third-largest wireless operator nationwide. As at June 2023, it had 328 million billing wireless customers and around 108 million broadband subscribers. China Unicom also has a growing ICT business. We estimate it has the third largest internet data center business in China and its Cloud Service revenue is also showing very strong growth. It has its own 4G network and shares the radio access function with China Telecom for its 5G network.

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