Tao Heung Holdings (HKSE:00573) ROCE % : 10.28% (As of Dec. 2023)

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What is Tao Heung 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. Tao Heung Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 10.28%.

Tao Heung Holdings ROCE % Historical Data

The historical data trend for Tao Heung 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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Tao Heung Holdings ROCE % Chart

Tao Heung Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.48

-1.61

0.60

-7.18

8.97

Tao Heung 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															1.44	-10.69	-3.23	8.13	10.28

Tao Heung Holdings ROCE % Calculation

Tao Heung 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 )
	=	144.543	/	( ( (2272.978 - 661.061)	+	(2188.819 - 576.658) )	/ 2 )
	=	144.543	/	( (1611.917	+	1612.161)	/ 2 )
	=	144.543	/	1612.039
	=	8.97 %

Tao Heung 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 )
	=	161.44	/	( ( (2151.607 - 621.918)	+	(2188.819 - 576.658) )	/ 2 )
	=	161.44	/	( ( 1529.689	+	1612.161 )	/ 2 )
	=	161.44	/	1570.925
	=	10.28 %

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

Tao Heung Holdings (HKSE:00573) 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.

Tao Heung Holdings ROCE % Related Terms

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Tao Heung Holdings (HKSE:00573) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Tao Heung Holdings Ltd (HKSE:00573) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

BVI:Germany

Address

Number 18 Dai Fat Street, Tai Po Industrial Estate, Tai Po, New Territories, Hong Kong, HKG

Website

https://www.taoheung.com.hk

Tao Heung Holdings Ltd is a Hong Kong-based company engaged in the provision of food catering services through a chain of restaurants. It is also engaged in chilled and packaged food, bakery operations, production, sale and distribution of food products and other items related to restaurant operations and provision of poultry farm operations. Group operates restaurants under Tao heung, Tao Square, and Tai Cheong Bakery brands. The company operates businesses in Hong Kong and Mainland China of which Hong Kong accounts for a larger share of the company revenue.

Executives

Chung Wai Ping	2101 Beneficial owner
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Tao Heung Holdings (HKSE:00573) Headlines

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