Sincere Co (HKSE:00244) ROCE % : -11.07% (As of Jun. 2024)

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What is Sincere Co 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. Sincere Co's annualized ROCE % for the quarter that ended in Jun. 2024 was -11.07%.

Sincere Co ROCE % Historical Data

The historical data trend for Sincere Co'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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Sincere Co ROCE % Chart

Sincere Co Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Dec22

Dec23

ROCE %

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-70.72

-65.99

-73.23

-29.28

-9.29

Sincere Co Semi-Annual Data
	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															-31.49	-9.76	-7.13	-14.68	-11.07

Sincere Co ROCE % Calculation

Sincere Co'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 )
	=	-24.732	/	( ( (682.694 - 489.468)	+	(592.616 - 253.134) )	/ 2 )
	=	-24.732	/	( (193.226	+	339.482)	/ 2 )
	=	-24.732	/	266.354
	=	-9.29 %

Sincere Co's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	-24.774	/	( ( (592.616 - 253.134)	+	(523.827 - 415.556) )	/ 2 )
	=	-24.774	/	( ( 339.482	+	108.271 )	/ 2 )
	=	-24.774	/	223.8765
	=	-11.07 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

Sincere Co (HKSE:00244) 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.

Sincere Co ROCE % Related Terms

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Sincere Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Sincere Co Ltd (HKSE:00244) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

1 Connaught Place, 24th Floor, Jardine House, Central, Hong Kong, HKG

Website

https://www.sincere.com.hk

Sincere Co Ltd is mainly engaged in the retailing business. The company has aggregated its operations into three reportable segments, Department Store Operations; Securities Trading, and Others. The Department Store Operations segment consists of the operations of department stores offering a wide range of consumer products; the Securities Trading segment consists of the trading of Hong Kong and overseas securities; and the Others segment consists of the sublease of properties and the provision of general and life insurances. Its primary geographic markets are Hong Kong, the United Kingdom, and others. Geographically the company receives maximum revenue from Hong Kong.

Executives

Manureen Holdings Limited	2201 Interest of corporation controlled by you
Lin Xiaohui	2201 Interest of corporation controlled by you
Realord Group Holdings Limited	2101 Beneficial owner
Su Jiaohua	2202 Interest of your spouse
Yuan Lie Ming Peter	2101 Beneficial owner

Sincere Co Headlines

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