Lai Sun Development Co (HKSE:00488) ROCE % : -4.05% (As of Jan. 2024)

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What is Lai Sun Development 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. Lai Sun Development Co's annualized ROCE % for the quarter that ended in Jan. 2024 was -4.05%.

Lai Sun Development Co ROCE % Historical Data

The historical data trend for Lai Sun Development 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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Lai Sun Development Co ROCE % Chart

Lai Sun Development Co Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

ROCE %

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9.43

-5.21

-2.47

-1.78

-3.73

Lai Sun Development Co Semi-Annual Data
	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
ROCE %	Get a 7-Day Free Trial															-0.20	-3.42	-2.84	-4.56	-4.05

Lai Sun Development Co ROCE % Calculation

Lai Sun Development Co's annualized ROCE % for the fiscal year that ended in Jul. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	-2449.893	/	( ( (80895.634 - 12498.726)	+	(73970.016 - 11120.774) )	/ 2 )
	=	-2449.893	/	( (68396.908	+	62849.242)	/ 2 )
	=	-2449.893	/	65623.075
	=	-3.73 %

Lai Sun Development Co's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Jul. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Jul. 2023 )		(Q: Jan. 2024 )
	=	-2584.232	/	( ( (73970.016 - 11120.774)	+	(71492.943 - 6748.763) )	/ 2 )
	=	-2584.232	/	( ( 62849.242	+	64744.18 )	/ 2 )
	=	-2584.232	/	63796.711
	=	-4.05 %

(1) Note: The EBIT data used here is two times the semi-annual (Jan. 2024) EBIT data.

Lai Sun Development Co (HKSE:00488) 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.

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Lai Sun Development Co (HKSE:00488) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Lai Sun Development Co Ltd (HKSE:00488) » Definitions » ROCE %

Traded in Other Exchanges

LVSDF:USA

Address

680 Cheung Sha Wan Road, 11th Floor, Lai Sun Commercial Centre, Kowloon, Hong Kong, HKG

Website

https://www.laisun.com

Lai Sun Development Co Ltd is an investment holding company. The company's operating segment includes property development and sales; property investment; hotel operation; restaurant operation; media and entertainment; film and TV programs; cinema operation; theme park operation and others. The property development and sales segment is engaged in property development and the sale of properties. Geographically, it derives a majority of its revenue from Hong Kong, Mainland China and Macau.

Lai Sun Development Co (HKSE:00488) Headlines

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