China Glass Holdings (HKSE:03300) ROCE % : -6.83% (As of Dec. 2023)

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What is China Glass 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. China Glass Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was -6.83%.

China Glass Holdings ROCE % Historical Data

The historical data trend for China Glass 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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China Glass Holdings ROCE % Chart

China Glass Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.87

5.99

30.11

4.74

-4.05

China Glass 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															35.10	9.02	1.63	-1.39	-6.83

China Glass Holdings ROCE % Calculation

China Glass 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 )
	=	-275.832	/	( ( (14835.893 - 7246.381)	+	(16363.198 - 10318.49) )	/ 2 )
	=	-275.832	/	( (7589.512	+	6044.708)	/ 2 )
	=	-275.832	/	6817.11
	=	-4.05 %

China Glass 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 )
	=	-449.384	/	( ( (14510.969 - 7392.839)	+	(16363.198 - 10318.49) )	/ 2 )
	=	-449.384	/	( ( 7118.13	+	6044.708 )	/ 2 )
	=	-449.384	/	6581.419
	=	-6.83 %

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

China Glass Holdings (HKSE:03300) 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.

China Glass Holdings ROCE % Related Terms

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China Glass Holdings (HKSE:03300) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » China Glass Holdings Ltd (HKSE:03300) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

168-200 Connaught Road, Unit 2608, 26th Floor, West Tower, Shun Tak Centre, Central, Hong Kong, HKG

Website

https://www.chinaglassholdings.com

China Glass Holdings Ltd is engaged in the production, marketing, and distribution of float glass, reflective glass, and other glass products. It has five business segments, Clear glass products; Painted glass products; Coated glass products; Energy saving and new energy glass products, such as ultra clear glass, low emission coated glass and photovoltaic battery module products; and Designing and installation services of pharmaceutical glass production lines. Geographically, the company has operations in Mainland China, Hong Kong, the Middle East, Nigeria, Italy, Kazakhstan and other countries. It generates a majority of its revenues from the Clear glass products segment.

China Glass Holdings (HKSE:03300) Headlines

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