Cinda International Holdings (HKSE:00111) ROCE % : 1.59% (As of Dec. 2023)

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What is Cinda International 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. Cinda International Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 1.59%.

Cinda International Holdings ROCE % Historical Data

The historical data trend for Cinda International 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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Cinda International Holdings ROCE % Chart

Cinda International Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.17

8.30

5.89

0.71

2.71

Cinda International 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															2.70	-4.31	7.48	3.84	1.59

Cinda International Holdings ROCE % Calculation

Cinda International 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 )
	=	26.157	/	( ( (1665.71 - 688.952)	+	(1646.468 - 696.054) )	/ 2 )
	=	26.157	/	( (976.758	+	950.414)	/ 2 )
	=	26.157	/	963.586
	=	2.71 %

Cinda International 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 )
	=	15.138	/	( ( (1619.306 - 659.675)	+	(1646.468 - 696.054) )	/ 2 )
	=	15.138	/	( ( 959.631	+	950.414 )	/ 2 )
	=	15.138	/	955.0225
	=	1.59 %

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

Cinda International Holdings (HKSE:00111) 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.

Cinda International Holdings ROCE % Related Terms

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Cinda International Holdings (HKSE:00111) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Cinda International Holdings Ltd (HKSE:00111) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

183 Queen’s Road Central, 45th Floor, COSCO Tower, Hong Kong, HKG

Website

https://www.cinda.com.hk

Cinda International Holdings Ltd provides financial services including asset management, corporate financial advisory services, securities brokering, commodities, and futures brokering, and financial planning and insurance brokering. Its segments consist of Asset management; Sales and trading business; and Corporate finance. It derives majority of the revenue from Sales and trading business that provides brokering services in securities, equity-linked products, unit trusts and stock options commodities and futures contracts traded in Hong Kong and selected overseas markets, underwriting, placing and margin financing services to those brokering clients, and acting as an agent for the sale of savings plans, general and life insurance and other investment-linked insurance products.

Executives

China Cinda Asset Management Co., Ltd.	2201 Interest of corporation controlled by you
Cinda Securities Co., Ltd.	2201 Interest of corporation controlled by you
Cinda Securities (h.k.) Holdings Limited	2101 Beneficial owner

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