Anchorstone Holdings (HKSE:01592) ROCE % : -74.48% (As of Dec. 2023)

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What is Anchorstone 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. Anchorstone Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was -74.48%.

Anchorstone Holdings ROCE % Historical Data

The historical data trend for Anchorstone 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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Anchorstone Holdings ROCE % Chart

Anchorstone Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.88

-18.10

-25.65

-16.60

-37.59

Anchorstone Holdings Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial											-42.68	2.36	-35.34	-1.80	-74.48

Anchorstone Holdings ROCE % Calculation

Anchorstone 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 )
	=	-33.315	/	( ( (244.68 - 129.161)	+	(190.274 - 128.545) )	/ 2 )
	=	-33.315	/	( (115.519	+	61.729)	/ 2 )
	=	-33.315	/	88.624
	=	-37.59 %

Anchorstone 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 )
	=	-64.59	/	( ( (225.597 - 113.891)	+	(190.274 - 128.545) )	/ 2 )
	=	-64.59	/	( ( 111.706	+	61.729 )	/ 2 )
	=	-64.59	/	86.7175
	=	-74.48 %

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

Anchorstone Holdings (HKSE:01592) 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.

Anchorstone Holdings ROCE % Related Terms

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Anchorstone Holdings (HKSE:01592) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Anchorstone Holdings Ltd (HKSE:01592) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2 On Yiu Street, Unit 1501–1502, 15th floor, Delta House, Shatin New Territories, Hong Kong, HKG

Website

https://www.anchorstone.com.hk

Anchorstone Holdings Ltd is an investment holding company. The company supplies marble and granite and provides relevant installation services for construction projects. It operates in two segments: Supply & installation service and Stone sales. The company offers services for buildings and property, including commercial buildings, residential buildings, hotels, and public infrastructures. The majority of the revenue is generated from the Supply and installation service. Its geographical segments are Hong Kong and Macau, out of which Hong Kong accounts for the majority of the revenue.

Executives

Pmg Investments Limited	2101 Beneficial owner
Lui Yue Yun Gary	2201 Interest of corporation controlled by you
Pacific Marble & Granite Holdings (bvi) Ltd.	2201 Interest of corporation controlled by you
Choi Hok Ya	2101 Beneficial owner

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