CCT Fortis Holdings (HKSE:00138) ROCE % : -40.55% (As of Dec. 2023)

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What is CCT Fortis 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. CCT Fortis Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was -40.55%.

CCT Fortis Holdings ROCE % Historical Data

The historical data trend for CCT Fortis 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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CCT Fortis Holdings ROCE % Chart

CCT Fortis Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-1.88

-14.89

-15.23

-16.55

-21.79

CCT Fortis Holdings 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															-27.51	0.98	-28.42	-3.56	-40.55

CCT Fortis Holdings ROCE % Calculation

CCT Fortis Holdings'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 )
	=	-451	/	( ( (3339 - 807)	+	(2841 - 1234) )	/ 2 )
	=	-451	/	( (2532	+	1607)	/ 2 )
	=	-451	/	2069.5
	=	-21.79 %

CCT Fortis Holdings'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 )
	=	-814	/	( ( (3338 - 930)	+	(2841 - 1234) )	/ 2 )
	=	-814	/	( ( 2408	+	1607 )	/ 2 )
	=	-814	/	2007.5
	=	-40.55 %

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

CCT Fortis Holdings (HKSE:00138) 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.

CCT Fortis Holdings ROCE % Related Terms

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CCT Fortis Holdings (HKSE:00138) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » CCT Fortis Holdings Ltd (HKSE:00138) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

11 Wo Shing Street, 18th Floor, CCT Telecom Building, Fotan, New Territories, Shatin, HKG

Website

https://www.cct-fortis.com

CCT Fortis Holdings Ltd is engaged in various activities including development, trading, investment, holding of properties; trading in securities and holding of securities and treasury products; trading and sale of classic cars and car logistics; trading and sale of Ferrari vehicles and provision of after-sales services for Ferrari automotive; acquisition of classic cars for long-term investment purpose; production, investment and distribution of films world wide; sale and leasing of audio and lighting equipment and provision of technical and engineering services and metal construction work for stage performance events; running of car service center, artist management, magazine publication, and investment in collectible precision devices.

Executives

Capital Winner Investments Limited	2101 Beneficial owner
New Capital Industrial Limited	2101 Beneficial owner
Capital Force International Limited	2101 Beneficial owner
Treasure Goal International Limited	2101 Beneficial owner
Mak Shiu Tong	2201 Interest of corporation controlled by you
Mak Chun Kiu	2201 Interest of corporation controlled by you

CCT Fortis Holdings (HKSE:00138) Headlines

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