Wing On Co International (HKSE:00289) ROCE % : -1.43% (As of Dec. 2023)

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What is Wing On Co International 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. Wing On Co International's annualized ROCE % for the quarter that ended in Dec. 2023 was -1.43%.

Wing On Co International ROCE % Historical Data

The historical data trend for Wing On Co International'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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Wing On Co International ROCE % Chart

Wing On Co International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.79

-1.77

3.38

-1.07

0.91

Wing On Co International Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															1.97	-0.68	-1.47	3.24	-1.43

Wing On Co International ROCE % Calculation

Wing On Co International'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 )
	=	176.59	/	( ( (19902.629 - 425.483)	+	(19722.39 - 415.966) )	/ 2 )
	=	176.59	/	( (19477.146	+	19306.424)	/ 2 )
	=	176.59	/	19391.785
	=	0.91 %

Wing On Co International'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 )
	=	-276.384	/	( ( (20006.679 - 581.974)	+	(19722.39 - 415.966) )	/ 2 )
	=	-276.384	/	( ( 19424.705	+	19306.424 )	/ 2 )
	=	-276.384	/	19365.5645
	=	-1.43 %

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

Wing On Co International (HKSE:00289) 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.

Wing On Co International ROCE % Related Terms

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Wing On Co International (HKSE:00289) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Wing On Co International Ltd (HKSE:00289) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

211 Des Voeux Road Central, 7th Floor, Wing On Centre, Hong Kong, HKG

Website

https://www.wingon.hk

Wing On Co International Ltd operates department stores. It also invests in properties. The company has two segments namely, Department Stores and Property Investment. Department stores segment operates department stores in Hong Kong, while the Property Investment segment engages in leasing commercial premises to generate rental income. Its investment property portfolio is spread across Hong Kong, Australia, and the United States of America. The firm derives most of its revenues from department stores.

Wing On Co International (HKSE:00289) Headlines

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