Veson Holdings (HKSE:01399) ROCE % : 9.11% (As of Dec. 2023)

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What is Veson 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. Veson Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 9.11%.

Veson Holdings ROCE % Historical Data

The historical data trend for Veson 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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Veson Holdings ROCE % Chart

Veson Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.73

0.09

10.83

7.16

5.92

Veson 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															11.38	8.70	5.95	2.96	9.11

Veson Holdings ROCE % Calculation

Veson 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 )
	=	89.972	/	( ( (5630.086 - 4075.127)	+	(5327.091 - 3840.359) )	/ 2 )
	=	89.972	/	( (1554.959	+	1486.732)	/ 2 )
	=	89.972	/	1520.8455
	=	5.92 %

Veson 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 )
	=	135.064	/	( ( (4910.678 - 3430.682)	+	(5327.091 - 3840.359) )	/ 2 )
	=	135.064	/	( ( 1479.996	+	1486.732 )	/ 2 )
	=	135.064	/	1483.364
	=	9.11 %

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

Veson Holdings (HKSE:01399) 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.

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Veson Holdings (HKSE:01399) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Veson Holdings Ltd (HKSE:01399) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 98 Jiangbin Avenue East, Fuzhou Pilot Free Trade Zone, Scud Industrial Park, Fujian Province, Mawei District, Fuzhou, CHN

Website

http://www.vesonhldg.com

Veson Holdings Ltd is engaged in the business of original design manufacturing (ODM business) as well as the bare battery cells business. It generates maximum revenue from the ODM business segment which involves the manufacture and supply of lithium-ion battery modules, power banks, motive battery and related accessories for branded mobile phone and tablets and EV manufacturers within and outside China. Geographically, it operates in the PRC. The company's products are used for mobile phones, tablets and digital products battery and related accessories.

Executives

Fang Jin	2201 Interest of corporation controlled by you
Right Grand Holdings Limited	2101 Beneficial owner
Swift Joy Holdings Limited	2101 Beneficial owner

Veson Holdings (HKSE:01399) Headlines

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