Rendong Holdings Co (SZSE:002647) ROCE % : 54.52% (As of Mar. 2024)

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What is Rendong 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. Rendong Holdings Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 54.52%.

Rendong Holdings Co ROCE % Historical Data

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

Rendong Holdings Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.54

-30.75

21.03

14.61

-10.64

Rendong Holdings Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															30.33	-35.10	-14.60	-51.44	54.52

Rendong Holdings Co ROCE % Calculation

Rendong Holdings 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 )
	=	-22.71	/	( ( (4819.398 - 4538.201)	+	(4428.186 - 4282.329) )	/ 2 )
	=	-22.71	/	( (281.197	+	145.857)	/ 2 )
	=	-22.71	/	213.527
	=	-10.64 %

Rendong Holdings Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	71.736	/	( ( (4428.186 - 4282.329)	+	(4550.671 - 4433.387) )	/ 2 )
	=	71.736	/	( ( 145.857	+	117.284 )	/ 2 )
	=	71.736	/	131.5705
	=	54.52 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Rendong Holdings Co (SZSE:002647) 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.

Rendong Holdings Co ROCE % Related Terms

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Rendong Holdings Co (SZSE:002647) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Rendong Holdings Co Ltd (SZSE:002647) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

91 Jianguo Road, Chaoyang District, 16th Floor, Block A, Jindi Center, Beijing, CHN, 100025

Website

http://www.mesonft.com

Rendong Holdings Co Ltd operates in the financial services industry. It is organized into three main businesses: third-party payment, commercial factoring, and supply chain management. Its third-party payment related business develops, operates and maintains payment systems and clearing platform system; clearing of trading funds, generation and management of the master key of UnionPay card acceptance terminal. The commercial factoring business is mainly engaged in the insurance agency business. The company's supply chain management business focuses on supply chain management and supply chain financial services.

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