China Merchants Land (HKSE:00978) ROCE % : 5.07% (As of Dec. 2023)

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What is China Merchants Land 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. China Merchants Land's annualized ROCE % for the quarter that ended in Dec. 2023 was 5.07%.

China Merchants Land ROCE % Historical Data

The historical data trend for China Merchants Land'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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China Merchants Land ROCE % Chart

China Merchants Land Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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15.46

10.26

8.28

5.30

5.25

China Merchants Land 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															11.14	5.88	4.62	6.05	5.07

China Merchants Land ROCE % Calculation

China Merchants Land'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 )
	=	3753.258	/	( ( (146142.557 - 71402.951)	+	(145112.243 - 76861.852) )	/ 2 )
	=	3753.258	/	( (74739.606	+	68250.391)	/ 2 )
	=	3753.258	/	71494.9985
	=	5.25 %

China Merchants Land'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 )
	=	3331.222	/	( ( (152658.828 - 89413.962)	+	(145112.243 - 76861.852) )	/ 2 )
	=	3331.222	/	( ( 63244.866	+	68250.391 )	/ 2 )
	=	3331.222	/	65747.6285
	=	5.07 %

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

China Merchants Land (HKSE:00978) 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.

China Merchants Land ROCE % Related Terms

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China Merchants Land (HKSE:00978) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » China Merchants Land Ltd (HKSE:00978) » Definitions » ROCE %

Traded in Other Exchanges

TNY1:Germany

Address

Nos. 168-200 Connaught Road, Room 2603 to 2606, 26th Floor, China Merchants Tower, Shun Tak Centre, Central, Hong Kong, HKG

Website

http://www.cmland.hk

China Merchants Land Ltd is an investment holding company that operates through two segments. The properties segment, which generates almost all the company's sales, is engaged in real estate development and leasing, and the Asset Management segment. Asset management segment includes office premises and shopping malls. The company operates primarily in Mainland China.

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