Sitoy Group Holdings (HKSE:01023) ROCE % : 7.57% (As of Dec. 2023)

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What is Sitoy 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. Sitoy Group Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 7.57%.

Sitoy Group Holdings ROCE % Historical Data

The historical data trend for Sitoy 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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Sitoy Group Holdings ROCE % Chart

Sitoy Group Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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7.76

-5.56

-4.11

10.57

14.51

Sitoy 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															6.35	14.86	15.51	13.52	7.57

Sitoy Group Holdings ROCE % Calculation

Sitoy Group Holdings's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	261.713	/	( ( (2216.181 - 419.286)	+	(2138.739 - 328.663) )	/ 2 )
	=	261.713	/	( (1796.895	+	1810.076)	/ 2 )
	=	261.713	/	1803.4855
	=	14.51 %

Sitoy Group 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 )
	=	137.55	/	( ( (2138.739 - 328.663)	+	(2120.936 - 296.769) )	/ 2 )
	=	137.55	/	( ( 1810.076	+	1824.167 )	/ 2 )
	=	137.55	/	1817.1215
	=	7.57 %

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

Sitoy Group Holdings (HKSE:01023) 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.

Sitoy Group Holdings ROCE % Related Terms

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Sitoy Group Holdings (HKSE:01023) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Sitoy Group Holdings Ltd (HKSE:01023) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

164 Wai Yip Street, Kwun Tong, 9th Floor, Sitoy Tower, Kowloon, Hong Kong, HKG

Website

https://www.sitoy.com

Sitoy Group Holdings Ltd primarily serves as a contract manufacturer of handbags, small leather goods, and travel goods for high-end and luxury brand customers. Sitoy's contract manufacturing business generates Most of the company's total revenue. Sitoy also has a retail segment, where the company manufactures products that it sells under its own or licensed brand names in company-operated retail stores or online. Sitoy's brands include Tuscans and Fashion and Joy. It also has an exclusive license to sell Kenneth Cole and Bruno Magli products in China and Hong Kong.

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