Shanghai Golden Union Commercial Management Co (SHSE:603682) ROCE % : 4.87% (As of Mar. 2024)

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What is Shanghai Golden Union Commercial 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. Shanghai Golden Union Commercial Management Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.87%.

Shanghai Golden Union Commercial Management Co ROCE % Historical Data

The historical data trend for Shanghai Golden Union Commercial 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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Shanghai Golden Union Commercial Management Co ROCE % Chart

Shanghai Golden Union Commercial Management Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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29.32

9.25

7.66

6.40

6.33

Shanghai Golden Union Commercial Management 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															5.72	10.82	4.55	3.91	4.87

Shanghai Golden Union Commercial Management Co ROCE % Calculation

Shanghai Golden Union Commercial Management 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 )
	=	288.894	/	( ( (5263.068 - 872.513)	+	(5636.529 - 904.83) )	/ 2 )
	=	288.894	/	( (4390.555	+	4731.699)	/ 2 )
	=	288.894	/	4561.127
	=	6.33 %

Shanghai Golden Union Commercial Management 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 )
	=	228.808	/	( ( (5636.529 - 904.83)	+	(5527.561 - 871.377) )	/ 2 )
	=	228.808	/	( ( 4731.699	+	4656.184 )	/ 2 )
	=	228.808	/	4693.9415
	=	4.87 %

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

Shanghai Golden Union Commercial Management Co (SHSE:603682) 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.

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Shanghai Golden Union Commercial Management Co (SHSE:603682) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Shanghai Golden Union Commercial Management Co Ltd (SHSE:603682) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 140, Tianlin Road, Building 14, Xuhui District, Shanghai, CHN, 200233

Website

http://www.iyuejie.com

Shanghai Golden Union Commercial Management Co Ltd is engaged in positioning design, transformation and operation management of industrial parks and creative industrial parks. The company specializes in the field of urban renewal and provides a one-stop service for the entire value chain of existing commercial properties in cities. Its services improve the value of properties through remarketing, design and transformation of old properties, investment management, and improve the appearance of the city while tapping the historical context of architecture to promote the incubation of cultural and creative industries.

Executives

Zong Liang Ping

senior management

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