Zhenro Properties Group (HKSE:06158) ROCE % : -73.10% (As of Dec. 2023)

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What is Zhenro Properties Group 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. Zhenro Properties Group's annualized ROCE % for the quarter that ended in Dec. 2023 was -73.10%.

Zhenro Properties Group ROCE % Historical Data

The historical data trend for Zhenro Properties Group'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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Zhenro Properties Group ROCE % Chart

Zhenro Properties Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.83

8.04

3.53

-20.06

-33.41

Zhenro Properties Group Semi-Annual Data
	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial													0.50	-3.92	-41.95	-4.63	-73.10

Zhenro Properties Group ROCE % Calculation

Zhenro Properties Group'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 )
	=	-7017.017	/	( ( (217163.37 - 190234.803)	+	(167553.394 - 152470.539) )	/ 2 )
	=	-7017.017	/	( (26928.567	+	15082.855)	/ 2 )
	=	-7017.017	/	21005.711
	=	-33.41 %

Zhenro Properties Group'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 )
	=	-12939.078	/	( ( (192450.567 - 172130.28)	+	(167553.394 - 152470.539) )	/ 2 )
	=	-12939.078	/	( ( 20320.287	+	15082.855 )	/ 2 )
	=	-12939.078	/	17701.571
	=	-73.10 %

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

Zhenro Properties Group (HKSE:06158) 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.

Zhenro Properties Group ROCE % Related Terms

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Zhenro Properties Group (HKSE:06158) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Zhenro Properties Group Ltd (HKSE:06158) » Definitions » ROCE %

Traded in Other Exchanges

1ZZ:Germany

Address

666 Shenhong Road, 3rd Floor, Building 7, Hongqiao Zhenro Center, Minhang District, Shanghai, CHN

Website

http://www.zhenrodc.com

Zhenro Properties Group Ltd is a China-based holding company principally engaged in real estate development and property leasing. The Company focuses on the development of residential properties, as well as the development, operation, and management of commercial and mixed-use properties. The Company's businesses include property sales, property leasing, management consulting services, property management services, and sales of goods.

Executives

Lin Shuying	2202 Interest of your spouse
Ou Zongrong	2201 Interest of corporation controlled by you
Royue Limited	2101 Beneficial owner
China Orient Asset Management Co., Ltd.	2201 Interest of corporation controlled by you

Zhenro Properties Group (HKSE:06158) Headlines

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