Hung Hing Printing Group (FRA:HUV) ROCE % : 3.78% (As of Dec. 2023)

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What is Hung Hing Printing Group 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. Hung Hing Printing Group's annualized ROCE % for the quarter that ended in Dec. 2023 was 3.78%.

Hung Hing Printing Group ROCE % Historical Data

The historical data trend for Hung Hing Printing Group'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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Hung Hing Printing Group ROCE % Chart

Hung Hing Printing Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.72

3.44

2.05

2.37

5.28

Hung Hing Printing Group 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															1.35	-1.47	6.21	6.86	3.78

Hung Hing Printing Group ROCE % Calculation

Hung Hing Printing Group'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 )
	=	20.697	/	( ( (483.21 - 81.897)	+	(447.5 - 65.532) )	/ 2 )
	=	20.697	/	( (401.313	+	381.968)	/ 2 )
	=	20.697	/	391.6405
	=	5.28 %

Hung Hing Printing Group'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 )
	=	14.496	/	( ( (458.423 - 73.172)	+	(447.5 - 65.532) )	/ 2 )
	=	14.496	/	( ( 385.251	+	381.968 )	/ 2 )
	=	14.496	/	383.6095
	=	3.78 %

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

Hung Hing Printing Group (FRA:HUV) 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.

Hung Hing Printing Group ROCE % Related Terms

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Hung Hing Printing Group (FRA:HUV) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Hung Hing Printing Group Ltd (FRA:HUV) » Definitions » ROCE %

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00450:Hong Kong

Address

17-19 Dai Hei Street, Hung Hing Printing Centre, Tai Po Industrial Estate, New Territories, Hong Kong, HKG

Website

https://www.hunghingprinting.com

Hung Hing Printing Group Ltd is a Hong Kong-based company. The company operates in various business segments which are Book and Package Printing, Consumer Product Packaging, Corrugated Box, and Paper Trading. The Book and Package Printing segment generate maximum revenue for the company. Geographically, the company offers its services to the United States of America, the PRC, the U.K., Hong Kong, and other countries, of which prime revenue is derived from Hong Kong.

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