Expert Systems Holdings (HKSE:08319) ROCE % : 12.90% (As of Sep. 2023)

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What is Expert Systems 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. Expert Systems Holdings's annualized ROCE % for the quarter that ended in Sep. 2023 was 12.90%.

Expert Systems Holdings ROCE % Historical Data

The historical data trend for Expert Systems 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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Expert Systems Holdings ROCE % Chart

Expert Systems Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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13.98

12.79

21.43

13.53

13.79

Expert Systems Holdings Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															17.50	15.60	8.94	10.52	12.90

Expert Systems Holdings ROCE % Calculation

Expert Systems Holdings'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 )
	=	34.296	/	( ( (539.762 - 300.432)	+	(495.203 - 237.185) )	/ 2 )
	=	34.296	/	( (239.33	+	258.018)	/ 2 )
	=	34.296	/	248.674
	=	13.79 %

Expert Systems Holdings'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: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	32.952	/	( ( (0 - 0)	+	(545.788 - 290.292) )	/ 1 )
	=	32.952	/	( ( 0	+	255.496 )	/ 1 )
	=	32.952	/	255.496
	=	12.90 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

Expert Systems Holdings (HKSE:08319) 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.

Expert Systems Holdings ROCE % Related Terms

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Expert Systems Holdings (HKSE:08319) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Expert Systems Holdings Ltd (HKSE:08319) » Definitions » ROCE %

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Address

64 Hoi Yuen Road, 22nd Floor, Yen Sheng Centre, Kwun Tong, Kowloon, Hong Kong, HKG

Website

http://www.expertsystems.com.hk

Expert Systems Holdings Ltd is an investment holding company. Along with its subsidiaries, the company is principally engaged in the provision of IT infrastructure solutions .The operating segments of the Company are the provision of IT infrastructure solutions, the provision of IT infrastructure management services and the provision of AI business. Its products and solutions comprise server and storage consolidation, backup and restore, desktop management, networking, infrastructure and management, and information security. The company serves a diverse range of markets including banking, finance, insurance, telecommunications, media, Hotel and government sector. The company's operations are carried out in Hong Kong and Macau. Hong Kong contributes to the vast majority of total revenue.

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