Luen Thai Holdings (HKSE:00311) ROCE % : 1.06% (As of Dec. 2023)

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What is Luen Thai 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. Luen Thai Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 1.06%.

Luen Thai Holdings ROCE % Historical Data

The historical data trend for Luen Thai 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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Luen Thai Holdings ROCE % Chart

Luen Thai Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.55

-8.14

8.17

7.92

3.64

Luen Thai 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															12.32	9.11	6.54	6.13	1.06

Luen Thai Holdings ROCE % Calculation

Luen Thai 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 )
	=	65.485	/	( ( (4041.277 - 2179.912)	+	(3709.632 - 1973.201) )	/ 2 )
	=	65.485	/	( (1861.365	+	1736.431)	/ 2 )
	=	65.485	/	1798.898
	=	3.64 %

Luen Thai 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 )
	=	18.712	/	( ( (4082.63 - 2272.353)	+	(3709.632 - 1973.201) )	/ 2 )
	=	18.712	/	( ( 1810.277	+	1736.431 )	/ 2 )
	=	18.712	/	1773.354
	=	1.06 %

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

Luen Thai Holdings (HKSE:00311) 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.

Luen Thai Holdings ROCE % Related Terms

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Luen Thai Holdings (HKSE:00311) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Luen Thai Holdings Ltd (HKSE:00311) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

57 Hung To Road, Rooms 1001-1005, 10th Floor, Nanyang Plaza, Kwun Tong, Kowloon, Hong Kong, HKG

Website

https://www2.luenthai.com

Luen Thai Holdings Ltd is engaged in the manufacturing and trading of apparel and accessories. The company has a diverse product range that includes Fashion and Sleepwear, Sports Active Wear, Sweaters and Outerwear, Casual Knits and Woven Wear, and Accessories. It derives revenue mainly from sales of apparel and accessories. Its revenue is mainly derived from customers located in the United States of America, the PRC, Europe, Canada, and Japan, while the company's business activities are conducted predominantly in Hong Kong, Macao, the PRC, the Philippines, Cambodia, the United States, and Myanmar.

Executives

Dong Fang Guo Ji Ji Tuan You Xian Gong Si	2101 Beneficial owner
Shang Hai Guo Sheng Ji Tuan You Xian Gong Si	2101 Beneficial owner
Shang Hai Fang Zhi Ji Tuan You Xian Gong Si	2101 Beneficial owner
Tan Chiu Joise	2202 Interest of your spouse
Tan Henry	2201 Interest of corporation controlled by you
Double Joy Investments Limited	2101 Beneficial owner

Luen Thai Holdings (HKSE:00311) Headlines

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