Tse Sui Luen Jewellery (International) (HKSE:00417) ROCE % : -1.50% (As of Sep. 2023)

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What is Tse Sui Luen Jewellery (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. Tse Sui Luen Jewellery (International)'s annualized ROCE % for the quarter that ended in Sep. 2023 was -1.50%.

Tse Sui Luen Jewellery (International) ROCE % Historical Data

The historical data trend for Tse Sui Luen Jewellery (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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Tse Sui Luen Jewellery (International) ROCE % Chart

Tse Sui Luen Jewellery (International) Annual Data

Trend

Feb13

Feb14

Feb15

Feb16

Feb17

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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9.84

-0.15

2.92

7.19

0.98

Tse Sui Luen Jewellery (International) Semi-Annual Data
	Aug13	Feb14	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial															6.52	7.23	5.06	-2.70	-1.50

Tse Sui Luen Jewellery (International) ROCE % Calculation

Tse Sui Luen Jewellery (International)'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 )
	=	13.374	/	( ( (2707.167 - 1571.121)	+	(2844.218 - 1259.588) )	/ 2 )
	=	13.374	/	( (1136.046	+	1584.63)	/ 2 )
	=	13.374	/	1360.338
	=	0.98 %

Tse Sui Luen Jewellery (International)'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 )
	=	-22.518	/	( ( (2844.218 - 1259.588)	+	(2758.094 - 1342.534) )	/ 2 )
	=	-22.518	/	( ( 1584.63	+	1415.56 )	/ 2 )
	=	-22.518	/	1500.095
	=	-1.50 %

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

Tse Sui Luen Jewellery (International) (HKSE:00417) 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.

Tse Sui Luen Jewellery (International) ROCE % Related Terms

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Tse Sui Luen Jewellery (International) (HKSE:00417) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Tse Sui Luen Jewellery (International) Ltd (HKSE:00417) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

30 Man Yue Street, Ground Floor, Block B, Summit Building, Hunghom, Kowloon, Hong Kong, HKG

Website

https://www.tslj.com

Tse Sui Luen Jewellery (International) Ltd is an investment holding company. It is engaged in the manufacture, sale, and marketing of jewelry products as well as the provision of service. The company's operating segment includes Retail Business, Wholesale Business, E-Business, and Other Businesses. It generates maximum revenue from the Retail Business segment which includes direct retail sales of jewellery products to end consumers through the physical outlets. The group derives revenue from the customers in Hong Kong and Macau, Mainland China and other countries.

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