Chen Lin Education Group Holdings (HKSE:01593) ROCE % : 2.55% (As of Feb. 2024)

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What is Chen Lin Education Group Holdings 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. Chen Lin Education Group Holdings's annualized ROCE % for the quarter that ended in Feb. 2024 was 2.55%.

Chen Lin Education Group Holdings ROCE % Historical Data

The historical data trend for Chen Lin Education Group Holdings'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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Chen Lin Education Group Holdings ROCE % Chart

Chen Lin Education Group Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Aug22

Aug23

ROCE %

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21.35

13.74

8.04

1.56

4.40

Chen Lin Education Group Holdings Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Feb22	Aug22	Feb23	Aug23	Feb24
ROCE %	Get a 7-Day Free Trial								0.43	2.13	5.44	3.76	2.55

Chen Lin Education Group Holdings ROCE % Calculation

Chen Lin Education Group Holdings's annualized ROCE % for the fiscal year that ended in Aug. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	120.351	/	( ( (3894.53 - 1354.096)	+	(4455.038 - 1522.629) )	/ 2 )
	=	120.351	/	( (2540.434	+	2932.409)	/ 2 )
	=	120.351	/	2736.4215
	=	4.40 %

Chen Lin Education Group Holdings's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Aug. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Aug. 2023 )		(Q: Feb. 2024 )
	=	76.494	/	( ( (4455.038 - 1522.629)	+	(4588.854 - 1516.232) )	/ 2 )
	=	76.494	/	( ( 2932.409	+	3072.622 )	/ 2 )
	=	76.494	/	3002.5155
	=	2.55 %

(1) Note: The EBIT data used here is two times the semi-annual (Feb. 2024) EBIT data.

Chen Lin Education Group Holdings (HKSE:01593) 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.

Chen Lin Education Group Holdings ROCE % Related Terms

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Chen Lin Education Group Holdings (HKSE:01593) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Chen Lin Education Group Holdings Ltd (HKSE:01593) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 001, Xinjian Lianfu Dadao, Jiangxi, Nanchang, CHN

Website

http://www.chenlin-edu.com

Chen Lin Education Group Holdings Ltd is engaged in the provision of private tertiary education services in the PRC. The group derives revenue from Tuition fees, Boarding fees, Internship management fees, Tutoring and program management services, and others.

Executives

Huang Yulin	2201 Interest of corporation controlled by you
Huangyulin Holdings Limited	2101 Beneficial owner
Wang Li

Chen Lin Education Group Holdings (HKSE:01593) Headlines

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