Shun Tak Holdings (HKSE:00242) ROCE % : 0.91% (As of Dec. 2023)

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What is Shun Tak 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. Shun Tak Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.91%.

Shun Tak Holdings ROCE % Historical Data

The historical data trend for Shun Tak 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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Shun Tak Holdings ROCE % Chart

Shun Tak Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.44

2.44

3.48

-0.06

0.18

Shun Tak 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															3.71	1.84	-2.08	-0.54	0.91

Shun Tak Holdings ROCE % Calculation

Shun Tak 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 )
	=	85.282	/	( ( (55021.949 - 6583.102)	+	(51821.699 - 5211.203) )	/ 2 )
	=	85.282	/	( (48438.847	+	46610.496)	/ 2 )
	=	85.282	/	47524.6715
	=	0.18 %

Shun Tak 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 )
	=	428.552	/	( ( (53118.43 - 5572.883)	+	(51821.699 - 5211.203) )	/ 2 )
	=	428.552	/	( ( 47545.547	+	46610.496 )	/ 2 )
	=	428.552	/	47078.0215
	=	0.91 %

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

Shun Tak Holdings (HKSE:00242) 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.

Shun Tak Holdings ROCE % Related Terms

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Shun Tak Holdings (HKSE:00242) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Shun Tak Holdings Ltd (HKSE:00242) » Definitions » ROCE %

Traded in Other Exchanges

SHTGF:USA XUN:Germany

Address

200 Connaught Road Central, Penthouse 39th Floor, West Tower, Shun Tak Centre, Hong Kong, HKG

Website

https://www.shuntakgroup.com

Shun Tak Holdings Ltd is a provider of multiple lines of services predominantly in Macau. Its main business is that of property development, contributing the majority of its revenue. Shun Tak's property segment covers commercial, residential, and retail property spaces. It operates through the following business segments: Property, Transportation, Hospitality, and Investment. The Property segment includes property development and sales, leasing, and management services. The Transportation segment provides passenger transportation services. The Hospitality segment performs hotel operations, hotel management, and travel agency services. The Investment segment involves investment holding and others.

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