New Focus Auto Tech Holdings (HKSE:00360) ROCE % : -17.59% (As of Dec. 2023)

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What is New Focus Auto Tech 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. New Focus Auto Tech Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was -17.59%.

New Focus Auto Tech Holdings ROCE % Historical Data

The historical data trend for New Focus Auto Tech 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.

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New Focus Auto Tech Holdings ROCE % Chart

New Focus Auto Tech Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-14.72

-60.89

-16.46

-2.44

-7.47

New Focus Auto Tech Holdings 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															-25.02	-1.52	-4.13	2.42	-17.59

New Focus Auto Tech Holdings ROCE % Calculation

New Focus Auto Tech Holdings'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 )
	=	-63.938	/	( ( (1891.089 - 1053.633)	+	(1618.553 - 743.965) )	/ 2 )
	=	-63.938	/	( (837.456	+	874.588)	/ 2 )
	=	-63.938	/	856.022
	=	-7.47 %

New Focus Auto Tech Holdings'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 )
	=	-147.798	/	( ( (1573.306 - 767.29)	+	(1618.553 - 743.965) )	/ 2 )
	=	-147.798	/	( ( 806.016	+	874.588 )	/ 2 )
	=	-147.798	/	840.302
	=	-17.59 %

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

New Focus Auto Tech Holdings (HKSE:00360) 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.

New Focus Auto Tech Holdings ROCE % Related Terms

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New Focus Auto Tech Holdings (HKSE:00360) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » New Focus Auto Tech Holdings Ltd (HKSE:00360) » Definitions » ROCE %

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Traded in Other Exchanges

NWFAF:USA

Address

180 Hennessy Road, 5th Floor, Wan Chai, Hong Kong, HKG

Website

https://www.nfa360.com

New Focus Auto Tech Holdings Ltd is an investment holding company and its subsidiaries are principally engaged in the manufacture and sale of electronic and power-related automotive parts and accessories and operating the 4S dealership stores and related business. Its segments include Manufacturing and trading Business and Automobile Dealership and Service Business. The firm generates a majority of its revenue from the Manufacturing Business segment engaged in the manufacture and sale of automobile accessories. Geographically, the company operates in America, Europe, Asia Pacific, and the People's Republic of China.

New Focus Auto Tech Holdings (HKSE:00360) Headlines

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