Times Universal Group Holdings (HKSE:02310) ROCE % : -129.98% (As of Jun. 2023)

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What is Times Universal Group 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. Times Universal Group Holdings's annualized ROCE % for the quarter that ended in Jun. 2023 was -129.98%.

Times Universal Group Holdings ROCE % Historical Data

The historical data trend for Times Universal Group 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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Times Universal Group Holdings ROCE % Chart

Times Universal Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-17.36

-67.95

-25.69

-85.30

Times Universal Group 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															-43.99	-35.94	-206.02	-129.98	-

Times Universal Group Holdings ROCE % Calculation

Times Universal Group Holdings's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-23.609	/	( ( (181.709 - 131.786)	+	(137.311 - 131.882) )	/ 2 )
	=	-23.609	/	( (49.923	+	5.429)	/ 2 )
	=	-23.609	/	27.676
	=	-85.30 %

Times Universal Group Holdings's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	-4.01	/	( ( (137.311 - 131.882)	+	(124.092 - 123.351) )	/ 2 )
	=	-4.01	/	( ( 5.429	+	0.741 )	/ 2 )
	=	-4.01	/	3.085
	=	-129.98 %

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

Times Universal Group Holdings (HKSE:02310) 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.

Times Universal Group Holdings ROCE % Related Terms

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Times Universal Group Holdings (HKSE:02310) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

78 Bonham Strand, Room 3002, 30th Floor, Workington Tower, Sheung Wan, Hong Kong, HKG

Website

https://www.timesuniversal.com

Times Universal Group Holdings Ltd, formerly Forebase International Holdings Ltd, is an investment holding company principally engaged in the operation of hotels and the provision of property management services. The company operates its business through two segments. The Hotel Operation segment is engaged in the operation of a resort in Canada. The Properties Management segment is engaged in properties management in the People's Republic of China (PRC). Its property projects include villas, office buildings, hotels, residential properties and industrial parks. In addition, the Company is also involved in the provision of administrative support to group companies in Hong Kong.

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