Snack Empire Holdings (HKSE:01843) ROCE % : 5.21% (As of Sep. 2023)

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What is Snack Empire 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. Snack Empire Holdings's annualized ROCE % for the quarter that ended in Sep. 2023 was 5.21%.

Snack Empire Holdings ROCE % Historical Data

The historical data trend for Snack Empire 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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Snack Empire Holdings ROCE % Chart

Snack Empire Holdings Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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57.62

26.55

6.81

11.70

8.50

Snack Empire Holdings Semi-Annual Data
	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial								15.03	8.27	14.24	2.30	5.21

Snack Empire Holdings ROCE % Calculation

Snack Empire 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 )
	=	14.942	/	( ( (213.81 - 27.26)	+	(192.655 - 27.548) )	/ 2 )
	=	14.942	/	( (186.55	+	165.107)	/ 2 )
	=	14.942	/	175.8285
	=	8.50 %

Snack Empire 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: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	8.656	/	( ( (192.655 - 27.548)	+	(192.633 - 25.529) )	/ 2 )
	=	8.656	/	( ( 165.107	+	167.104 )	/ 2 )
	=	8.656	/	166.1055
	=	5.21 %

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

Snack Empire Holdings (HKSE:01843) 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.

Snack Empire Holdings ROCE % Related Terms

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Snack Empire Holdings (HKSE:01843) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Snack Empire Holdings Ltd (HKSE:01843) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

10, Anson Road, No 21-02, International Plaza, Singapore, SGP, 079903

Website

https://www.snackemp.com

Snack Empire Holdings Ltd is a food and beverage group offering Taiwanese Snacks and Beverages under the Shihlin Taiwan Street Snacks brand. It operates two basic models, namely the Self-operated model and the franchise and license model. Its geographical segments include Singapore, Malaysia, the United States, Indonesia, and others, out of which the majority of the revenue is generated from Singapore.

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