Asia Commercial Holdings (HKSE:00104) ROCE %: 22.24% (As of Sep. 2025)

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HKSE:00104 Asia Commercial Holdings Ltd HKSE:00104
45 GF Score
Price HK$0.24
GF Value HK$0.22
Valuation Fairly Valued
! 5 Warning Signs
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What is Asia Commercial Holdings ROCE %?

Asia Commercial Holdings HKSE:00104 +0.41% 45 ROCE % is 22.24% as of Sep. 2025. GuruFocus rates HKSE:00104 with a GF Score™ of 45/100 and a GF Value™ of HK$0.22 (Fairly Valued). The stock has 5 warning signs investors should review.

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. Asia Commercial Holdings's annualized ROCE % for the quarter that ended in Sep. 2025 was 22.24%.

Asia Commercial Holdings  (HKSE:00104) 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.

Asia Commercial Holdings ROCE % Related Terms

Asia Commercial Holdings ROCE % Historical Data

* Premium members only.

The historical data trend for Asia Commercial 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.

Asia Commercial Holdings ROCE % Chart

Asia Commercial Holdings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 26.16 17.75 14.83 14.39 16.94

Asia Commercial Holdings Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.52 24.88 3.08 22.24 11.76
HKSE:00104
45GF Score
Asia Commercial Holdings Ltd HKSE:00104
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Asia Commercial Holdings ROCE % Calculation

Asia Commercial Holdings's annualized ROCE % for the fiscal year that ended in Mar. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Mar. 2025 )  (A: Mar. 2024 )(A: Mar. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Mar. 2025 )  (A: Mar. 2024 )(A: Mar. 2025 )
=69.706/( ( (772.605 - 276.443) + (712.977 - 240.493) )/ 2 )
=69.706/( (496.162+472.484)/ 2 )
=69.706/484.323
=14.39 %

Asia Commercial Holdings's ROCE % of for the quarter that ended in Sep. 2025 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Sep. 2025 )  (Q: Mar. 2025 )(Q: Sep. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Sep. 2025 )  (Q: Mar. 2025 )(Q: Sep. 2025 )
=106.206/( ( (712.977 - 240.493) + (666.175 - 183.615) )/ 2 )
=106.206/( ( 472.484 + 482.56 )/ 2 )
=106.206/477.522
=22.24 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2025) EBIT data.

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 22.24% mean?
Asia Commercial Holdings (HKSE:00104) has a ROCE % of 22.24% as of Sep. 2025.
Is Asia Commercial Holdings' ROCE % too high?
Asia Commercial Holdings' current ROCE % is 22.24%. The Retail - Cyclical industry median ROCE % is 7.66. Asia Commercial Holdings' value of 22.24% is 190.3% above this industry median. Overall, Asia Commercial Holdings has a GF Score™ of 45/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Asia Commercial Holdings' ROCE % compare to CASY and WSM?
Asia Commercial Holdings' ROCE % of 22.24% can be compared against companies in the Retail - Cyclical industry. The industry median ROCE % is 7.66. Asia Commercial Holdings' value of 22.24% is 190.3% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Retail - Cyclical company?
The median ROCE % among Retail - Cyclical companies is 7.66, based on 1,117 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Asia Commercial Holdings's current ROCE % of 22.24% is 190.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Retail - Cyclical industry, the median ROCE % is 7.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asia Commercial Holdings's current ROCE % is 22.24%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asia Commercial Holdings stock overvalued right now?
Based on GuruFocus' analysis, Asia Commercial Holdings (HKSE:00104) is currently considered Fairly Valued. The stock's GF Value™ is HK$0.22, compared to a current price of HK$0.24 — trading 10.5% above its estimated fair value. The current ROCE % is 22.24% and 190.3% above the Retail - Cyclical industry median of 7.66. Asia Commercial Holdings' overall GF Score™ is 45/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Asia Commercial Holdings (HKSE:00104), the current ROCE % is 22.24% as of Sep. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Asia Commercial Holdings (HKSE:00104) Overvalued in 2026?

Based on GuruFocus' analysis, Asia Commercial Holdings stock appears to be overvalued. The current stock price of HK$0.24 is trading 10.5% above its estimated GF Value™ of HK$0.22. GuruFocus considers Asia Commercial Holdings to be Fairly Valued.

Key valuation signals for HKSE:00104:

  • ROCE %: 22.24%
  • GF Value™: HK$0.22 vs. price of HK$0.24 (10.5% above fair value)
  • GF Score™: 45/100 with 5 warning signs
  • Industry Position: 190.3% above the Retail - Cyclical median

No single metric tells the full story. See the HKSE:00104 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Asia Commercial Holdings Business Description

Address 183 Queen’s Road East, 3901, 39th Floor, The Hopewell Centre, Wanchai, Hong Kong, HKG
Asia Commercial Holdings Ltd is an investment holding company. It operates business through two segments: Sale of Watches (Retail and Wholesale) and Properties Leasing. The company earns the majority of its revenue from sales of watches. Geographically, the group generates maximum revenue from Mainland China, followed by Hong Kong, Switzerland, and the United Kingdom.
45GF Score

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ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

HK$0.24
Price
HK$0.22
GF Value