Smart Globe Holdings (HKSE:01481) ROCE %

: -8.52% (As of Jun. 2023)

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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. Smart Globe Holdings's annualized ROCE % for the quarter that ended in Jun. 2023 was -8.52%.

Smart Globe Holdings ROCE % Historical Data

The historical data trend for Smart Globe 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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Smart Globe Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

26.33

15.75

2.26

-12.21

-2.71

Smart Globe Holdings Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %													0.22	-3.42	-21.57	-8.52	3.00

Smart Globe Holdings ROCE % Calculation

Smart Globe 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 )
	=	-16.32	/	( ( (159.288 - 23.564)	+	(150.287 - 18.68) )	/ 2 )
	=	-16.32	/	( (135.724	+	131.607)	/ 2 )
	=	-16.32	/	133.6655
	=	-12.21 %

Smart Globe 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 )
	=	-10.93	/	( ( (150.287 - 18.68)	+	(142.512 - 17.666) )	/ 2 )
	=	-10.93	/	( ( 131.607	+	124.846 )	/ 2 )
	=	-10.93	/	128.2265
	=	-8.52 %

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

Smart Globe Holdings (HKSE:01481) 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.

Smart Globe Holdings ROCE % Related Terms

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Smart Globe Holdings (HKSE:01481) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Smart Globe Holdings Ltd (HKSE:01481) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Heyuan Hi-Tech Development Zone, Guangdong Province, Heyuan, CHN

Website

http://www.smartglobehk.com

Smart Globe Holdings Ltd is engaged in the provision of printing services. Its operations comprise printing books products and novelty and packaging products. The company offers a full suite of services from pre-press to printing to finishing services, as well as producing custom-made and value-added printing products. It manufactures varieties of products such as Oversized books, Novelty and packaging products. The group's operations are located in Hong Kong and the PRC. It derives key revenue from Hong Kong.

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