ITC Properties Group (HKSE:00199) ROCE % : -7.30% (As of Sep. 2023)

View and export this data going back to 1994. Start your Free Trial

What is ITC Properties Group 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. ITC Properties Group's annualized ROCE % for the quarter that ended in Sep. 2023 was -7.30%.

ITC Properties Group ROCE % Historical Data

The historical data trend for ITC Properties Group'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.

* Premium members only.

ITC Properties Group ROCE % Chart

ITC Properties Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

Get a 7-Day Free Trial

3.73

-13.46

-12.68

14.14

-2.34

ITC Properties Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial															28.33	-0.13	5.74	-10.99	-7.30

ITC Properties Group ROCE % Calculation

ITC Properties Group's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	-105.395	/	( ( (6710.096 - 1895)	+	(5675.772 - 1474.536) )	/ 2 )
	=	-105.395	/	( (4815.096	+	4201.236)	/ 2 )
	=	-105.395	/	4508.166
	=	-2.34 %

ITC Properties Group's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	-294.68	/	( ( (5675.772 - 1474.536)	+	(5344.388 - 1472.16) )	/ 2 )
	=	-294.68	/	( ( 4201.236	+	3872.228 )	/ 2 )
	=	-294.68	/	4036.732
	=	-7.30 %

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

ITC Properties Group (HKSE:00199) 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.

ITC Properties Group ROCE % Related Terms

Thank you for viewing the detailed overview of ITC Properties Group's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

ITC Properties Group (HKSE:00199) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » ITC Properties Group Ltd (HKSE:00199) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

12 Harcourt Road, 30th Floor, Bank of America Tower, Central, Hong Kong, HKG

Website

http://www.itcproperties.com

ITC Properties Group Ltd is an investment holding company principally engaged in the development, selling of, and investment in properties. Its operating segment includes Property; Hotel and leisure; Securities investments and Finance. It generates maximum revenue from the Property segment which includes the development, selling, and investment in properties. Geographically, it derives a majority of its revenue from Hong Kong and also has a presence in Other Countries.

ITC Properties Group (HKSE:00199) Headlines

No Headlines