Hong Kong Shanghai Alliance Holdings (HKSE:01001) ROCE % : 16.49% (As of Sep. 2023)

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What is Hong Kong Shanghai Alliance 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. Hong Kong Shanghai Alliance Holdings's annualized ROCE % for the quarter that ended in Sep. 2023 was 16.49%.

Hong Kong Shanghai Alliance Holdings ROCE % Historical Data

The historical data trend for Hong Kong Shanghai Alliance 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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Hong Kong Shanghai Alliance Holdings ROCE % Chart

Hong Kong Shanghai Alliance Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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4.99

-0.55

3.93

7.26

10.35

Hong Kong Shanghai Alliance 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															9.42	5.11	9.68	9.91	16.49

Hong Kong Shanghai Alliance Holdings ROCE % Calculation

Hong Kong Shanghai Alliance 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 )
	=	167.544	/	( ( (3368.221 - 1374.122)	+	(2957.421 - 1713.835) )	/ 2 )
	=	167.544	/	( (1994.099	+	1243.586)	/ 2 )
	=	167.544	/	1618.8425
	=	10.35 %

Hong Kong Shanghai Alliance 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 )
	=	230.266	/	( ( (2957.421 - 1713.835)	+	(2796.552 - 1246.742) )	/ 2 )
	=	230.266	/	( ( 1243.586	+	1549.81 )	/ 2 )
	=	230.266	/	1396.698
	=	16.49 %

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

Hong Kong Shanghai Alliance Holdings (HKSE:01001) 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.

Hong Kong Shanghai Alliance Holdings ROCE % Related Terms

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Hong Kong Shanghai Alliance Holdings (HKSE:01001) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Hong Kong Shanghai Alliance Holdings Ltd (HKSE:01001) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

41 Lockhart Road, East Town Building, Rooms 1103-05, 11th Floor, Wanchai, Hong Kong, HKG

Website

https://www.hkshalliance.com

Hong Kong Shanghai Alliance Holdings Ltd is an investment holding company. The company along with its subsidiaries is engaged in the distribution and processing of construction materials such as steel products; trading of sanitary wares and kitchen cabinets; and property investment and fund management businesses. The company's segment includes Steels Distribution and Processing Business; Building Products Distribution Business and Property Investment and Fund Management Business. The company generates maximum revenue from the Steels Distribution and Processing Business segment. Geographically the group has a presence in Hong Kong and Mainland China, of which key revenue is generated from Hong Kong.

Executives

Perfect Capital International Corp.	2101 Beneficial owner
Huge Top Industrial Ltd.	2101 Beneficial owner
Yao Cho Fai Andrew	2101 Beneficial owner

Hong Kong Shanghai Alliance Holdings (HKSE:01001) Headlines

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