Oceanwide Holdings Co (SZSE:000046) ROCE % : -192.33% (As of Sep. 2023)

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What is Oceanwide Holdings 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. Oceanwide Holdings Co's annualized ROCE % for the quarter that ended in Sep. 2023 was -192.33%.

Oceanwide Holdings Co ROCE % Historical Data

The historical data trend for Oceanwide Holdings 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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Oceanwide Holdings Co ROCE % Chart

Oceanwide Holdings Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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3.63

6.09

-1.00

-16.47

-47.13

Oceanwide Holdings Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															15.23	-232.60	-22.56	-115.72	-192.33

Oceanwide Holdings Co ROCE % Calculation

Oceanwide Holdings Co's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-10597.032	/	( ( (110245.216 - 80666.681)	+	(105190.417 - 89797.055) )	/ 2 )
	=	-10597.032	/	( (29578.535	+	15393.362)	/ 2 )
	=	-10597.032	/	22485.9485
	=	-47.13 %

Oceanwide Holdings Co's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-8458.948	/	( ( (98901.566 - 94208.268)	+	(90674.943 - 86571.833) )	/ 2 )
	=	-8458.948	/	( ( 4693.298	+	4103.11 )	/ 2 )
	=	-8458.948	/	4398.204
	=	-192.33 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

Oceanwide Holdings Co (SZSE:000046) 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.

Oceanwide Holdings Co ROCE % Related Terms

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Oceanwide Holdings Co (SZSE:000046) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Oceanwide Holdings Co Ltd (SZSE:000046) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 28, Jianguomennei Street, 22nd Floor, Building C, Minsheng Financial Center, Dongcheng District, Beijing, CHN, 100005

Website

http://www.fhkg.com

Oceanwide Holdings Co Ltd is engaged in diversified business. It operates in Finance; Real estate; Investment and Energy.

Oceanwide Holdings Co (SZSE:000046) Headlines

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