Infinity Development Holdings Co (HKSE:00640) ROCE % : 25.53% (As of Sep. 2024)

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What is Infinity Development Holdings Co 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. Infinity Development Holdings Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 25.53%.

Infinity Development Holdings Co ROCE % Historical Data

The historical data trend for Infinity Development Holdings Co'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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Infinity Development Holdings Co ROCE % Chart

Infinity Development Holdings Co Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

ROCE %

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14.08

10.45

23.83

16.51

22.31

Infinity Development Holdings Co Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial															22.05	14.17	19.01	19.63	25.53

Infinity Development Holdings Co ROCE % Calculation

Infinity Development Holdings Co's annualized ROCE % for the fiscal year that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2024 )		(A: Sep. 2023 )		(A: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2024 )		(A: Sep. 2023 )		(A: Sep. 2024 )
	=	124.403	/	( ( (744.995 - 224.203)	+	(819.429 - 225.132) )	/ 2 )
	=	124.403	/	( (520.792	+	594.297)	/ 2 )
	=	124.403	/	557.5445
	=	22.31 %

Infinity Development Holdings Co's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	144.754	/	( ( (749.71 - 210.105)	+	(819.429 - 225.132) )	/ 2 )
	=	144.754	/	( ( 539.605	+	594.297 )	/ 2 )
	=	144.754	/	566.951
	=	25.53 %

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

Infinity Development Holdings Co (HKSE:00640) 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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Infinity Development Holdings Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Infinity Development Holdings Co Ltd (HKSE:00640) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

16 Andar A - D, Macau Finance Centre, Rua de Pequim No. 202A - 246, Macau, MAC

Website

http://www.infinitydevelopment.com.hk

Infinity Development Holdings Co Ltd is an investment holding company. Through its subsidiaries, the company focuses on manufacturing and selling adhesives, primers, hardeners, vulcanized shoes, and adhesive-related products for the footwear industry. The company's products are predominantly sold under the Guarandure and Zhong Bu brands. Its geographical segments include China, Vietnam, Indonesia, Bangladesh, and India. A majority of its revenue is generated from Vietnam.

Executives

Chan Sut Kuan	2202 Interest of your spouse
Ieong Un	2101 Beneficial owner
All Reach Investments Limited	2101 Beneficial owner

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