Poly Property Services Co (HKSE:06049) ROCE % : 18.67% (As of Dec. 2023)

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What is Poly Property Services 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. Poly Property Services Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 18.67%.

Poly Property Services Co ROCE % Historical Data

The historical data trend for Poly Property Services 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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Poly Property Services Co ROCE % Chart

Poly Property Services Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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23.33

16.87

17.89

19.46

21.66

Poly Property Services Co Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial									14.45	23.32	16.78	25.11	18.67

Poly Property Services Co ROCE % Calculation

Poly Property Services Co'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 )
	=	2018.861	/	( ( (14639.613 - 5790.235)	+	(16272.43 - 6476.597) )	/ 2 )
	=	2018.861	/	( (8849.378	+	9795.833)	/ 2 )
	=	2018.861	/	9322.6055
	=	21.66 %

Poly Property Services Co'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 )
	=	1772.324	/	( ( (15998.088 - 6806.007)	+	(16272.43 - 6476.597) )	/ 2 )
	=	1772.324	/	( ( 9192.081	+	9795.833 )	/ 2 )
	=	1772.324	/	9493.957
	=	18.67 %

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

Poly Property Services Co (HKSE:06049) 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.

Poly Property Services Co ROCE % Related Terms

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Poly Property Services Co (HKSE:06049) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Poly Property Services Co Ltd (HKSE:06049) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 832 Yue Jiang Zhong Road, 48-49th Floor, Poly Plaza, Hai Zhu District, Guangdong Province, Guangzhou, CHN

Website

https://www.polywuye.com

Originally listed on the NEEQ and re-listed on the Hong Kong Exchange on April 2019, Poly Property Services, or PPS, is a major property management services, or PMS, company headquartered in Guangzhou, China, established since 1996 with a nationwide coverage. PPS is differentiated by its SOE background with 72% ownership by property developer Poly Developments and Holdings, or PDH, which is in turn part of ultimate controlling shareholder China Poly Group, a state-owned conglomerate. Aside from a highly scalable GFA under management, or GUM, driven by PDH's property development scale, the SOE status also enables PPS to be a leading provider of PMS for the management of public properties.

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