China HGS Real Estate Inc ROCE
What is the ROCE of China HGS Real Estate Inc?
The ROCE of China HGS Real Estate Inc is 2.36%
What is the definition of ROCE?
Return on capital employed (ROCE) is a financial ratio that measures a company’s profitability and the efficiency with which its capital is used.
= EBIT / (assets - current liabilities)
Return on capital employed (ROCE) is the total amount of capital that a company has utilized in order to generate profits. It is the sum of shareholders' equity and debt liabilities. It can be simplified as total assets minus current liabilities.
ROCE is especially useful when comparing the performance of companies in capital-intensive sectors. ROCE considers debt and other liabilities as well compared to other fundamentals which only analyze profitability related to a company’s common equity. This provides a better indication of financial performance for companies with significant debt. For a company, the ROCE trend over the years is also an important indicator of performance. In general, investors tend to favor companies with stable and rising ROCE numbers over companies where ROCE is volatile and bounces around from one year to the next.
Instead of using capital employed at an arbitrary point in time, analysts and investors often calculate ROCE based on the average capital employed (ROACE), which takes the average of opening and closing capital employed for the time period.
ROCE of companies in the Real Estate sector on NASDAQ compared to China HGS Real Estate Inc
What does China HGS Real Estate Inc do?
China HGS Real Estate Inc. operates as a real estate properties developer. The Company develops, builds, and manages commercial and residential projects. China HGS Real Estate serves customers in the United States and China.
Companies with roce similar to China HGS Real Estate Inc
- London Stock Exchange plc has ROCE of 2.34%
- Templeton Emerging Markets Fund has ROCE of 2.35%
- Independence Realty Trust has ROCE of 2.35%
- Plumas Bancorp has ROCE of 2.35%
- Johnson Service PLC has ROCE of 2.35%
- Ameriprise Inc has ROCE of 2.35%
- China HGS Real Estate Inc has ROCE of 2.36%
- R1 RCM has ROCE of 2.37%
- LXP Industrial Trust has ROCE of 2.38%
- Advent Convertible and Income Fund has ROCE of 2.38%
- Angel Oak Mortgage has ROCE of 2.38%
- Medalist Diversified REIT has ROCE of 2.38%
- Arbor Realty Trust has ROCE of 2.38%