Tian An China Investments Co (HKSE:00028) ROCE % : 5.79% (As of Dec. 2023)

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What is Tian An China Investments 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. Tian An China Investments Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 5.79%.

Tian An China Investments Co ROCE % Historical Data

The historical data trend for Tian An China Investments 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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Tian An China Investments Co ROCE % Chart

Tian An China Investments Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.92

3.36

7.90

7.02

4.98

Tian An China Investments Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															11.75	3.53	10.70	4.41	5.79

Tian An China Investments Co ROCE % Calculation

Tian An China Investments 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 )
	=	1819.675	/	( ( (49248.247 - 13935.306)	+	(53465.274 - 15646.74) )	/ 2 )
	=	1819.675	/	( (35312.941	+	37818.534)	/ 2 )
	=	1819.675	/	36565.7375
	=	4.98 %

Tian An China Investments Co'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	2096.47	/	( ( (49454.836 - 14797.605)	+	(53465.274 - 15646.74) )	/ 2 )
	=	2096.47	/	( ( 34657.231	+	37818.534 )	/ 2 )
	=	2096.47	/	36237.8825
	=	5.79 %

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

Tian An China Investments Co (HKSE:00028) 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.

Tian An China Investments Co ROCE % Related Terms

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Tian An China Investments Co (HKSE:00028) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Tian An China Investments Co Ltd (HKSE:00028) » Definitions » ROCE %

Traded in Other Exchanges

TIACF:USA

Address

138 Gloucester Road, 22nd Floor, Allied Kajima Building, Wanchai, Hong Kong, HKG

Website

http://www.tiananchina.com

Tian An China Investments Co Ltd is an investment holding company. Along with its subsidiaries, it is engaged in the activities of Property development, Property investment, and Other operations segments. The activities of the group include the development of apartments, villas, office buildings, and commercial properties, property investment, and property management on the mainland in the PRC, and property investment and property management in Hong Kong. The firm's operations are reported from China from the property development segment.

Executives

Allied Group Limited	2201 Interest of corporation controlled by you
Lee Seng Hui	2201 Interest of corporation controlled by you
Lee Seng Huang	2201 Interest of corporation controlled by you
Lee Su Hwei	2201 Interest of corporation controlled by you
China Spirit Limited	2201 Interest of corporation controlled by you
Vigor Online Offshore Limited	2101 Beneficial owner
Chong Sok Un	2201 Interest of corporation controlled by you
Pia Ltd	2102 Investment manager
Argyle Street Management Holdings Limited
Argyle Street Management Limited
Chan Kin
Allied Properties (h.k.) Limited

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