Xinda Investment Holdings (HKSE:01281) ROCE % : -3.89% (As of Dec. 2023)

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What is Xinda Investment 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. Xinda Investment Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was -3.89%.

Xinda Investment Holdings ROCE % Historical Data

The historical data trend for Xinda Investment 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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Xinda Investment Holdings ROCE % Chart

Xinda Investment Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-16.30

1.57

1.60

-20.25

-1.36

Xinda Investment 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															3.43	-45.63	3.85	1.09	-3.89

Xinda Investment Holdings ROCE % Calculation

Xinda Investment 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 )
	=	-15.832	/	( ( (1317.498 - 116.163)	+	(1243.179 - 112.667) )	/ 2 )
	=	-15.832	/	( (1201.335	+	1130.512)	/ 2 )
	=	-15.832	/	1165.9235
	=	-1.36 %

Xinda Investment 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 )
	=	-44.586	/	( ( (1283.067 - 122.255)	+	(1243.179 - 112.667) )	/ 2 )
	=	-44.586	/	( ( 1160.812	+	1130.512 )	/ 2 )
	=	-44.586	/	1145.662
	=	-3.89 %

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

Xinda Investment Holdings (HKSE:01281) 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.

Xinda Investment Holdings ROCE % Related Terms

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Xinda Investment Holdings (HKSE:01281) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Xinda Investment Holdings Ltd (HKSE:01281) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

66 Dongfang Road, Longjitaihe Industrial Park, Hebei Province, Gaobeidian, CHN

Website

http://en.longitech.hk

Xinda Investment Holdings Ltd formerly LongiTech Smart Energy Holding Ltd is engaged in providing smart energy solutions in the PRC. The primary activities of the company are smart energy and solar energy businesses. Its operating segments are Smart energy business and Public infrastructure construction business of which the majority of the revenue is generated from the Smart energy business segment. Geographically, it operates in China.

Executives

Wei Shaojun	2307 Founder of a discretionary trust who can infl
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