Come Sure Group holdings (HKSE:00794) ROCE % : 1.23% (As of Sep. 2023)

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What is Come Sure Group 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. Come Sure Group holdings's annualized ROCE % for the quarter that ended in Sep. 2023 was 1.23%.

Come Sure Group holdings ROCE % Historical Data

The historical data trend for Come Sure Group 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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Come Sure Group holdings ROCE % Chart

Come Sure Group holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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9.68

5.63

6.08

-0.94

-4.60

Come Sure Group 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															0.83	-2.72	1.82	-11.69	1.23

Come Sure Group holdings ROCE % Calculation

Come Sure Group 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 )
	=	-37.57	/	( ( (1299.264 - 415.678)	+	(1068.862 - 319.351) )	/ 2 )
	=	-37.57	/	( (883.586	+	749.511)	/ 2 )
	=	-37.57	/	816.5485
	=	-4.60 %

Come Sure Group 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 )
	=	8.968	/	( ( (1068.862 - 319.351)	+	(1064.578 - 360.637) )	/ 2 )
	=	8.968	/	( ( 749.511	+	703.941 )	/ 2 )
	=	8.968	/	726.726
	=	1.23 %

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

Come Sure Group holdings (HKSE:00794) 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.

Come Sure Group holdings ROCE % Related Terms

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Come Sure Group holdings (HKSE:00794) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Come Sure Group holdings (HKSE:00794) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

50 Wing Tai Road, Units 8-10, 8th Floor, Cornell Centre, Chai Wan, Hong Kong, HKG

Website

http://www.comesure.com

Come Sure Group holdings an investment holding company. The company's operating segment includes Corrugated products; Offset printed corrugated products and Properties leasing. Corrugated products segment is engaged in the manufacture and sale of corrugated board and corrugated paper-based packing products. The Offset printed corrugated products are related to the manufacture and sale of offset printed corrugated products, and Properties leasing conduct properties leased in Hong Kong for rental income. It generates maximum revenue from the Corrugated products segment. Geographically, it derives a majority of revenue from the PRC and also has a presence in Hong Kong and Macau.

Executives

Perfect Group Version Limited
Hsbc International Trustee Limited	2301 Trustee
Chan Po Ting
Chong Kam Chau
Chong Kam Shing
Chong Wa Ching
Chong Wa Lam
Chong Wa Pan
Hung Woon Cheuk
Yuen Chung Yan
Jade City Assets Limited	2201 Interest of corporation controlled by you

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