Asia Cassava Resources Holdings (HKSE:00841) ROCE % : 4.13% (As of Sep. 2023)

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What is Asia Cassava Resources 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. Asia Cassava Resources Holdings's annualized ROCE % for the quarter that ended in Sep. 2023 was 4.13%.

Asia Cassava Resources Holdings ROCE % Historical Data

The historical data trend for Asia Cassava Resources 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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Asia Cassava Resources Holdings ROCE % Chart

Asia Cassava Resources Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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7.55

-3.72

-3.59

5.42

-5.44

Asia Cassava Resources 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															5.61	6.08	6.30	-17.51	4.13

Asia Cassava Resources Holdings ROCE % Calculation

Asia Cassava Resources 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 )
	=	-79.123	/	( ( (2920.781 - 1372.557)	+	(2041.779 - 679.343) )	/ 2 )
	=	-79.123	/	( (1548.224	+	1362.436)	/ 2 )
	=	-79.123	/	1455.33
	=	-5.44 %

Asia Cassava Resources 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 )
	=	56.246	/	( ( (2041.779 - 679.343)	+	(1478.204 - 119.18) )	/ 2 )
	=	56.246	/	( ( 1362.436	+	1359.024 )	/ 2 )
	=	56.246	/	1360.73
	=	4.13 %

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

Asia Cassava Resources Holdings (HKSE:00841) 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.

Asia Cassava Resources Holdings ROCE % Related Terms

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Asia Cassava Resources Holdings (HKSE:00841) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Asia Cassava Resources Holdings Ltd (HKSE:00841) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

63 Mody Road, Unit 612-613, 6th Floor, Houston Centre, Tsim Sha Tsui East, Kowloon, Hong Kong, HKG

Website

http://www.asiacassava.com

Asia Cassava Resources Holdings Ltd is an investment holding company, which engages in the trade of dried cassava chips. It operates through the following segments: Procurement and Sale of Dried Cassava Chips; Property Investment; and Hotel Operations. The Procurement and Sale of Dried Cassava Chips segment which generates majority revenue offer procurement and sale of dried cassava chips. The Property Investment segment invests in office space and industrial properties for its rental income potential. The Hotel Operations segment involves in hotel operations in the People's Republic of China. The company operates in four geographical markets Hong Kong, Mainland China, Laos and Thailand out of which Mainland China acts as a major revenue contributor.

Asia Cassava Resources Holdings (HKSE:00841) Headlines

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