Prosperity Investment Holdings (HKSE:00310) ROCE % : -48.37% (As of Jun. 2023)

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What is Prosperity Investment 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. Prosperity Investment Holdings's annualized ROCE % for the quarter that ended in Jun. 2023 was -48.37%.

Prosperity Investment Holdings ROCE % Historical Data

The historical data trend for Prosperity Investment 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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Prosperity Investment Holdings ROCE % Chart

Prosperity Investment Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-38.93

-54.13

-21.05

-7.94

-77.43

Prosperity Investment 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															-11.82	-18.05	2.28	-48.37	-106.06

Prosperity Investment Holdings ROCE % Calculation

Prosperity Investment Holdings's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-3.701	/	( ( (63.316 - 14.387)	+	(59.616 - 15.325) )	/ 2 )
	=	-3.701	/	( (48.929	+	44.291)	/ 2 )
	=	-3.701	/	46.61
	=	-7.94 %

Prosperity Investment Holdings's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	-18.938	/	( ( (59.616 - 15.325)	+	(47.211 - 13.195) )	/ 2 )
	=	-18.938	/	( ( 44.291	+	34.016 )	/ 2 )
	=	-18.938	/	39.1535
	=	-48.37 %

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

Prosperity Investment Holdings (HKSE:00310) 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.

Prosperity Investment Holdings ROCE % Related Terms

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Prosperity Investment Holdings (HKSE:00310) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Prosperity Investment Holdings Ltd (HKSE:00310) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

6-8 Harbour Road, Suite 305, Shui On Centre, Wanchai, Hong Kong, HKG

Website

https://www.prosperityinvestment.hk

Prosperity Investment Holdings Ltd is an investment holding company. It is engaged in securities or equity-related investments. The company invests in listed and unlisted investments and other related financial assets. It focuses on investment in infrastructure; mining and resources; property; and retail and service sectors. Geographically, all the operations are functioned through the region of Hong Kong.

Executives

All Fame Developments Limited	2101 Beneficial owner
Sun Matrix Limited	2201 Interest of corporation controlled by you
Lau Tom Ko Yuen	2201 Interest of corporation controlled by you
Lan Yi	2201 Interest of corporation controlled by you

Prosperity Investment Holdings (HKSE:00310) Headlines

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