High Fashion International (HKSE:00608) ROCE % : 5.03% (As of Jun. 2024)

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What is High Fashion International 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. High Fashion International's annualized ROCE % for the quarter that ended in Jun. 2024 was 5.03%.

High Fashion International ROCE % Historical Data

The historical data trend for High Fashion International'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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High Fashion International ROCE % Chart

High Fashion International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.43

5.03

4.87

5.48

4.97

High Fashion International Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															4.50	6.57	4.23	6.08	5.03

High Fashion International ROCE % Calculation

High Fashion International'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 )
	=	222.951	/	( ( (6227.581 - 1501.045)	+	(6349.958 - 2103.395) )	/ 2 )
	=	222.951	/	( (4726.536	+	4246.563)	/ 2 )
	=	222.951	/	4486.5495
	=	4.97 %

High Fashion International'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 )
	=	217.604	/	( ( (6349.958 - 2103.395)	+	(6625.329 - 2223.932) )	/ 2 )
	=	217.604	/	( ( 4246.563	+	4401.397 )	/ 2 )
	=	217.604	/	4323.98
	=	5.03 %

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

High Fashion International (HKSE:00608) 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.

High Fashion International ROCE % Related Terms

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High Fashion International Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » High Fashion International Ltd (HKSE:00608) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-11 Kwai Hei Street, Kwai Chung, 11th Floor, High Fashion Centre, New Territories, Hong Kong, HKG

Website

http://www.highfashion.com.hk

High Fashion International Ltd is an investment holding company. The company's operating segments include the Manufacturing and trading of garments; and Property investment and development. The company generates maximum revenue from the Manufacturing and trading of garments segment and geographically from China. The company operates in the United States, China, Europe, and Other countries.

Executives

Lam Foo Wah	2307 Founder of a discretionary trust who can infl
High Fashion Charitable Foundation Limited	2101 Beneficial owner
Leung Shuk Bing	2202 Interest of your spouse
Hinton Company Limited	2101 Beneficial owner

High Fashion International Headlines

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