Wan Leader International (HKSE:08482) ROC % : 0.00% (As of Sep. 2024)

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What is Wan Leader International ROC %?

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. Wan Leader International's annualized return on capital (ROC %) for the quarter that ended in Sep. 2024 was 0.00%.

As of today (2025-03-26), Wan Leader International's WACC % is 4.45%. Wan Leader International's ROC % is -36.26% (calculated using TTM income statement data). Wan Leader International earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Wan Leader International ROC % Historical Data

The historical data trend for Wan Leader International's ROC % 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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Wan Leader International ROC % Chart

Wan Leader International Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROC %

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-49.19

2.85

27.21

-77.22

-58.36

Wan Leader International Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24	Sep24
ROC %	Get a 7-Day Free Trial															-76.65	-76.51	-84.72	-	-

Wan Leader International ROC % Calculation

Wan Leader International's annualized Return on Capital (ROC %) for the fiscal year that ended in Mar. 2024 is calculated as:

	ROC % (A: Mar. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (A: Mar. 2023 )	+	Invested Capital (A: Mar. 2024 ))	/ count )
=	-25.033 * ( 1 - 0.32% )	/	( (39.634	+	45.88)	/ 2 )
=	-24.9528944	/	42.757
=	-58.36 %

where

	Invested Capital		(A: Mar. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	83.39	-	18.023	-	( 25.733	-	max(0, 20.75	-	80.003	+	25.733	))
=	39.634

	Invested Capital		(A: Mar. 2024 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	91.911	-	31.208	-	( 14.823	-	max(0, 32.773	-	88.38	+	14.823	))
=	45.88

Wan Leader International's annualized Return on Capital (ROC %) for the quarter that ended in Sep. 2024 is calculated as:

	ROC % (Q: Sep. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2024 )	+	Invested Capital (Q: Sep. 2024 ))	/ count )
=	0 * ( 1 - 0% )	/	( (45.88	+	40.835)	/ 2 )
=	0	/	43.3575
=	0.00 %

where

	Invested Capital		(Q: Mar. 2024 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	91.911	-	31.208	-	( 14.823	-	max(0, 32.773	-	88.38	+	14.823	))
=	45.88

	Invested Capital		(Q: Sep. 2024 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	78.624	-	31.004	-	( 6.785	-	max(0, 35.175	-	75.541	+	6.785	))
=	40.835

Note: The Operating Income data used here is four times the quarterly (Sep. 2024) data.

Wan Leader International (HKSE:08482) ROC % Explanation

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.

There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.

Why is ROC % important?

Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.

As of today, Wan Leader International's WACC % is 4.45%. Wan Leader International's ROC % is -36.26% (calculated using TTM income statement data). Wan Leader International earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Be Aware

Like ROE % and ROA %, ROC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Wan Leader International ROC % Related Terms

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Wan Leader International Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Wan Leader International Ltd (HKSE:08482) » Definitions » ROC %

Comparable Companies

Traded in Other Exchanges

N/A

Address

18 Container Port Road South, Office Tower Unit 903, Hutchison Logistics Centre, Terminal 4, Kwai Chung Container Port, Kwai Chung, New Territories, HKG

Website

https://www.wanleader.com

Wan Leader International Ltd is an investment holding company and the principal activities of its subsidiaries include the provision of freight forwarding and related logistics services and the provision of entrusted management services for operating an online e-commerce platform and Trading of fashion items. It generates maximum revenue from the Freight forwarding and related logistics services segment. Geographically, it generates the majority of its revenue from Hongkong.

Executives

Cargo Man Logistics Company Limited	2101 Beneficial owner
Tan Cheung Kenneth	2201 Interest of corporation controlled by you
Jpmorgan Chase & Co.	2201 Interest of corporation controlled by you
Hongkong Zcft International Limited	2101 Beneficial owner
Qu Tianyun	2101 Beneficial owner
Liao Daichun	2101 Beneficial owner
Zhao Rongjing	2202 Interest of your spouse
Luo Honghui	2101 Beneficial owner
Ho Tat Limited	2101 Beneficial owner
Kong Sau Ming	2202 Interest of your spouse
Loy Hak Moon	2401 A concert party to an agreement to buy shares
Loy Hak Yu Thomas	2201 Interest of corporation controlled by you
Siu Pui Sum	2202 Interest of your spouse
Zhong Yue Hui Shen Zhen Kong Gu Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Zhao Rongjing	2202 Interest of your spouse

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