Great Eagle Holdings (HKSE:00041) ROCE % : 2.90% (As of Dec. 2023)

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What is Great Eagle 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. Great Eagle Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 2.90%.

Great Eagle Holdings ROCE % Historical Data

The historical data trend for Great Eagle 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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Great Eagle Holdings ROCE % Chart

Great Eagle Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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0.55

-10.61

0.09

0.82

2.79

Great Eagle Holdings 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															1.57	1.34	0.25	2.86	2.90

Great Eagle Holdings ROCE % Calculation

Great Eagle Holdings'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 )
	=	2551.454	/	( ( (112886.533 - 18123.852)	+	(111163.169 - 22722.227) )	/ 2 )
	=	2551.454	/	( (94762.681	+	88440.942)	/ 2 )
	=	2551.454	/	91601.8115
	=	2.79 %

Great Eagle Holdings'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 )
	=	2524.258	/	( ( (112055.642 - 26348.107)	+	(111163.169 - 22722.227) )	/ 2 )
	=	2524.258	/	( ( 85707.535	+	88440.942 )	/ 2 )
	=	2524.258	/	87074.2385
	=	2.90 %

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

Great Eagle Holdings (HKSE:00041) 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.

Great Eagle Holdings ROCE % Related Terms

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Great Eagle Holdings (HKSE:00041) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Great Eagle Holdings Ltd (HKSE:00041) » Definitions » ROCE %

Traded in Other Exchanges

GEAHF:USA GHK:Germany

Address

23 Harbour Road, 33rd Floor, Great Eagle Centre, Wanchai, Hong Kong, HKG

Website

https://www.greateagle.com.hk

Great Eagle Holdings Ltd is an investment holding company. The group along with its subsidiaries is engaged in property development and investment, operations of hotels, restaurants and flexible workspaces, asset management, project management, trading of building materials, securities investment, provision of property management, maintenance and property agency services and property leasing. The company generates a majority of its revenue from Hong Kong.

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