AV Concept Holdings (HKSE:00595) ROCE % : 4.04% (As of Sep. 2023)

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What is AV Concept 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. AV Concept Holdings's annualized ROCE % for the quarter that ended in Sep. 2023 was 4.04%.

AV Concept Holdings ROCE % Historical Data

The historical data trend for AV Concept 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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AV Concept Holdings ROCE % Chart

AV Concept Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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5.54

8.26

21.05

15.35

2.53

AV Concept 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															17.31	13.51	4.73	0.32	4.04

AV Concept Holdings ROCE % Calculation

AV Concept 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 )
	=	41.302	/	( ( (1745.464 - 108.361)	+	(1753.589 - 125.701) )	/ 2 )
	=	41.302	/	( (1637.103	+	1627.888)	/ 2 )
	=	41.302	/	1632.4955
	=	2.53 %

AV Concept 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 )
	=	66.23	/	( ( (1753.589 - 125.701)	+	(1803.816 - 155.776) )	/ 2 )
	=	66.23	/	( ( 1627.888	+	1648.04 )	/ 2 )
	=	66.23	/	1637.964
	=	4.04 %

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

AV Concept Holdings (HKSE:00595) 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.

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AV Concept Holdings (HKSE:00595) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » AV Concept Holdings Ltd (HKSE:00595) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

39 Wang Chiu Road, 6th Floor, Enterprise Square Three, Kowloon Bay, Hong Kong, HKG

Website

https://www.avconcept.com

AV Concept Holdings Ltd together with its subsidiaries is engaged in the sales and distribution of electronic components. The company operates in four segments, the semiconductor distribution segment engages in the sale and distribution of electronic components; the consumer electronic product and brand omni-channel business segment engage in the design, development, and sale of consumer products, and brand management, brand licensing and product sourcing services; the venture capital segment engages in the investments in listed and unlisted equity investments, real estate, managed funds or convertible bonds; and the others segment comprises the internet social media business. The company generates the majority of the revenue from Singapore.

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