Asia Orient Holdings (HKSE:00214) ROCE % : -4.43% (As of Sep. 2023)

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What is Asia Orient 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. Asia Orient Holdings's annualized ROCE % for the quarter that ended in Sep. 2023 was -4.43%.

Asia Orient Holdings ROCE % Historical Data

The historical data trend for Asia Orient 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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Asia Orient Holdings ROCE % Chart

Asia Orient Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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5.47

3.96

5.47

-3.39

3.61

Asia Orient Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial															1.01	-8.27	0.47	6.99	-4.43

Asia Orient Holdings ROCE % Calculation

Asia Orient 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 )
	=	1297.018	/	( ( (39519.422 - 5214.304)	+	(42679.957 - 5078.235) )	/ 2 )
	=	1297.018	/	( (34305.118	+	37601.722)	/ 2 )
	=	1297.018	/	35953.42
	=	3.61 %

Asia Orient 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 )
	=	-1574.37	/	( ( (42679.957 - 5078.235)	+	(40502.98 - 6956.153) )	/ 2 )
	=	-1574.37	/	( ( 37601.722	+	33546.827 )	/ 2 )
	=	-1574.37	/	35574.2745
	=	-4.43 %

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

Asia Orient Holdings (HKSE:00214) 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 Orient Holdings ROCE % Related Terms

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Asia Orient Holdings (HKSE:00214) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Asia Orient Holdings Ltd (HKSE:00214) » Definitions » ROCE %

Comparable Companies

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N/A

Address

33 Lockhart Road, 30th Floor, YF Life Tower, Wanchai, Hong Kong, HKG

Website

http://www.asiaorient.com.hk

Asia Orient Holdings Ltd is an investment holding company. The company operates through segments which are, Property Sales, Property Leasing, Hotel, and Travel, as well as Financial Investment and Others. The company generates maximum revenue from the Financial Investment segment.

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