China Aircraft Leasing Group Holdings (HKSE:01848) ROCE % : 0.46% (As of Dec. 2023)

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What is China Aircraft Leasing Group 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. China Aircraft Leasing Group Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.46%.

China Aircraft Leasing Group Holdings ROCE % Historical Data

The historical data trend for China Aircraft Leasing Group 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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China Aircraft Leasing Group Holdings ROCE % Chart

China Aircraft Leasing Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.01

1.93

1.49

1.29

0.62

China Aircraft Leasing Group 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															1.38	1.14	1.40	0.73	0.46

China Aircraft Leasing Group Holdings ROCE % Calculation

China Aircraft Leasing Group 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 )
	=	353.115	/	( ( (55332.08 - 775.614)	+	(59824.727 - 845.248) )	/ 2 )
	=	353.115	/	( (54556.466	+	58979.479)	/ 2 )
	=	353.115	/	56767.9725
	=	0.62 %

China Aircraft Leasing Group 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 )
	=	279.058	/	( ( (63185.584 - 349.231)	+	(59824.727 - 845.248) )	/ 2 )
	=	279.058	/	( ( 62836.353	+	58979.479 )	/ 2 )
	=	279.058	/	60907.916
	=	0.46 %

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

China Aircraft Leasing Group Holdings (HKSE:01848) 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 Aircraft Leasing Group Holdings ROCE % Related Terms

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China Aircraft Leasing Group Holdings (HKSE:01848) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » China Aircraft Leasing Group Holdings Ltd (HKSE:01848) » Definitions » ROCE %

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CFRLF:USA

Address

16 Harcourt Road, 32nd Floor, Far East Finance Centre, Admiralty, Hong Kong, HKG

Website

https://www.calc.com.hk

China Aircraft Leasing Group Holdings Ltd is one of the largest independent aircraft lessors in China. The company delivers multiple types of leases and customizes deals to customer preferences. It has diversified financing channels in onshore and offshore banks, insurance companies, capital and debt markets, and export credit agencies. In addition to providing aircraft leases, the company offers customers lifecycle solutions, including fleet planning, aircraft resales, and aircraft disassembles. China Aircraft Leasing has multiple offices located in Asia and Europe. It works with Chinese and Asian airlines, regional operators, and other international air transportation companies.

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