National Electronics Holdings (HKSE:00213) ROCE % : 3.92% (As of Sep. 2023)

View and export this data going back to 1985. Start your Free Trial

What is National Electronics Holdings 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. National Electronics Holdings's annualized ROCE % for the quarter that ended in Sep. 2023 was 3.92%.

National Electronics Holdings ROCE % Historical Data

The historical data trend for National Electronics Holdings'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.

* Premium members only.

National Electronics Holdings ROCE % Chart

National Electronics Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

Get a 7-Day Free Trial

7.27

4.30

3.01

2.68

3.38

National Electronics Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial															3.38	1.98	2.41	4.36	3.92

National Electronics Holdings ROCE % Calculation

National Electronics Holdings's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	205.764	/	( ( (8338.78 - 2314.978)	+	(8508.307 - 2353.389) )	/ 2 )
	=	205.764	/	( (6023.802	+	6154.918)	/ 2 )
	=	205.764	/	6089.36
	=	3.38 %

National Electronics Holdings'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: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	245.764	/	( ( (8508.307 - 2353.389)	+	(8621.138 - 2226.951) )	/ 2 )
	=	245.764	/	( ( 6154.918	+	6394.187 )	/ 2 )
	=	245.764	/	6274.5525
	=	3.92 %

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

National Electronics Holdings (HKSE:00213) 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.

National Electronics Holdings ROCE % Related Terms

Thank you for viewing the detailed overview of National Electronics Holdings's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

National Electronics Holdings (HKSE:00213) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » National Electronics Holdings Ltd (HKSE:00213) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

11 Pedder Street, The Landmark, Suite 3201, Gloucester Tower, Central, Hong Kong, HKG

Website

https://www.national.com.hk

National Electronics Holdings Ltd is an investment holding company. The company's operating segment includes the Manufacture of watches and trading of watch movements, Property development and investment, and Hotel operation. The property development and investment segment includes the development and sale of properties and the holding of properties for investment and leasing purposes. The company generates the majority of its revenue from sales of watches. The company has a Geographically presence in North America, Hong Kong, China, Europe, and Other Countries.

National Electronics Holdings (HKSE:00213) Headlines

No Headlines