CPMC Holdings (HKSE:00906) ROCE % : 14.63% (As of Jun. 2024)

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What is CPMC 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. CPMC Holdings's annualized ROCE % for the quarter that ended in Jun. 2024 was 14.63%.

CPMC Holdings ROCE % Historical Data

The historical data trend for CPMC 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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CPMC Holdings ROCE % Chart

CPMC Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.91

8.16

8.19

8.48

12.59

CPMC Holdings 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															8.60	9.37	12.59	13.35	14.63

CPMC Holdings ROCE % Calculation

CPMC Holdings'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 )
	=	945.879	/	( ( (15717.208 - 7625.367)	+	(15578.429 - 8647.101) )	/ 2 )
	=	945.879	/	( (8091.841	+	6931.328)	/ 2 )
	=	945.879	/	7511.5845
	=	12.59 %

CPMC Holdings'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 )
	=	1023.36	/	( ( (15578.429 - 8647.101)	+	(15485.373 - 8424.885) )	/ 2 )
	=	1023.36	/	( ( 6931.328	+	7060.488 )	/ 2 )
	=	1023.36	/	6995.908
	=	14.63 %

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

CPMC Holdings (HKSE:00906) 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.

CPMC Holdings ROCE % Related Terms

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CPMC Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » CPMC Holdings Ltd (HKSE:00906) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 160, Weiken Street, Hangzhou Economic and Technical Development Zone, Zhejiang Province, Hangzhou, CHN, 310018

Website

http://www.cofco-pack.com

CPMC Holdings Ltd is an investment holding company engaged in the manufacturing and sales of packaging products used for consumer goods such as food, beverages, and household chemical products. The company operates in three segments; Tinplate packaging includes tinplate packaging products, which include, milk powder cans, aerosol cans, metal caps, steel barrels, and other metal packaging, Aluminum packaging includes aluminum packaging products of two-piece beverage cans and one-piece bottles, and Plastic packaging includes plastic packaging products used for milk bottles, shampoo bottles, plastic devices of electronic products, daily use hardware, package printing, sports drink bottles, and related plastic-made products.

Executives

Zhou Yunjie
Shang Hai Yuan Long Tou Zi Kong Gu Ji Tuan You Xian Gong Si
Ao Rui Jin Ke Ji Gu Fen You Xian Gong Si
Bei Jing Shi Hua Rui Feng Quan Guan Li Zi Xun You Xian Gong Si	2201 Interest of corporation controlled by you
Bei Jing Jing He Bao Zhuang Zhi Zao You Xian Gong Si	2201 Interest of corporation controlled by you
China Foods (holdings) Limited
Cofco (hong Kong) Limited
Cofco Corporation
Zhang Wei	2201 Interest of corporation controlled by you
China International Capital Corporation (hong Kong) Limited	2201 Interest of corporation controlled by you
China International Capital Corporation Hong Kong Securities Limited	2106 Person having a security interest in shares
Yuanhao Greater China Fund
Wing Lung Bank (trustee) Limited	2301 Trustee

CPMC Holdings Headlines

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