Beh-Property Co (SHSE:600791) ROCE % : -0.73% (As of Mar. 2024)

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What is Beh-Property 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. Beh-Property Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -0.73%.

Beh-Property Co ROCE % Historical Data

The historical data trend for Beh-Property 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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Beh-Property Co ROCE % Chart

Beh-Property Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.29

0.10

2.79

3.15

-3.26

Beh-Property Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															0.06	-1.38	-6.50	-4.82	-0.73

Beh-Property Co ROCE % Calculation

Beh-Property 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 )
	=	-401.434	/	( ( (20154.943 - 7497.362)	+	(21165.179 - 9160.363) )	/ 2 )
	=	-401.434	/	( (12657.581	+	12004.816)	/ 2 )
	=	-401.434	/	12331.1985
	=	-3.26 %

Beh-Property Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-86.72	/	( ( (21165.179 - 9160.363)	+	(21317.356 - 9642.392) )	/ 2 )
	=	-86.72	/	( ( 12004.816	+	11674.964 )	/ 2 )
	=	-86.72	/	11839.89
	=	-0.73 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Beh-Property Co (SHSE:600791) 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.

Beh-Property Co ROCE % Related Terms

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Beh-Property Co (SHSE:600791) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Beh-Property Co Ltd (SHSE:600791) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 2 Fuxingmen South Street, 8th Floor, A West, Jiatianyin Building, Xicheng District, Beijing, CHN, 100080

Website

http://www.beh-zy.com

Beh-Property Co Ltd is engaged in real estate development business. The company's project profile includes Tianchuang Shiyuan Residential Quarter, Guodian Huayuan, Guodian Building and Tianchuang, and others.

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