Far East Holdings International (HKSE:00036) ROCE % : -21.94% (As of Dec. 2023)

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What is Far East Holdings International 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. Far East Holdings International's annualized ROCE % for the quarter that ended in Dec. 2023 was -21.94%.

Far East Holdings International ROCE % Historical Data

The historical data trend for Far East Holdings International'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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Far East Holdings International ROCE % Chart

Far East Holdings International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-15.05

5.90

-21.83

-10.02

-10.77

Far East Holdings International 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															-52.58	-1.09	-19.03	0.14	-21.94

Far East Holdings International ROCE % Calculation

Far East Holdings International'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 )
	=	-81.338	/	( ( (1441.765 - 624.899)	+	(1355.882 - 661.598) )	/ 2 )
	=	-81.338	/	( (816.866	+	694.284)	/ 2 )
	=	-81.338	/	755.575
	=	-10.77 %

Far East Holdings International'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 )
	=	-163.822	/	( ( (1443.943 - 644.641)	+	(1355.882 - 661.598) )	/ 2 )
	=	-163.822	/	( ( 799.302	+	694.284 )	/ 2 )
	=	-163.822	/	746.793
	=	-21.94 %

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

Far East Holdings International (HKSE:00036) 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.

Far East Holdings International ROCE % Related Terms

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Far East Holdings International (HKSE:00036) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Far East Holdings International Ltd (HKSE:00036) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

110–116 Queen’s Road Central, Unit 904, 9th Floor, Wings Building, Hong Kong, HKG

Website

http://www.0036.com.hk

Far East Holdings International Ltd is an investment holding company. Its principal activities of the group include property investment and investment in securities. It has two operating segments of which are Securities investment and Property investment. Its core business is conducted in Hong Kong.

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