Ngai Hing Hong Co (HKSE:01047) ROCE % : 8.31% (As of Jun. 2024)

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What is Ngai Hing Hong 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. Ngai Hing Hong Co's annualized ROCE % for the quarter that ended in Jun. 2024 was 8.31%.

Ngai Hing Hong Co ROCE % Historical Data

The historical data trend for Ngai Hing Hong 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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Ngai Hing Hong Co ROCE % Chart

Ngai Hing Hong Co Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

ROCE %

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4.07

23.29

14.95

-5.51

3.54

Ngai Hing Hong Co 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															13.34	-6.50	-4.69	-1.06	8.31

Ngai Hing Hong Co ROCE % Calculation

Ngai Hing Hong Co's annualized ROCE % for the fiscal year that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	18.963	/	( ( (991.269 - 444.313)	+	(1016.883 - 491.314) )	/ 2 )
	=	18.963	/	( (546.956	+	525.569)	/ 2 )
	=	18.963	/	536.2625
	=	3.54 %

Ngai Hing Hong Co'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 )
	=	43.606	/	( ( (974.29 - 450.858)	+	(1016.883 - 491.314) )	/ 2 )
	=	43.606	/	( ( 523.432	+	525.569 )	/ 2 )
	=	43.606	/	524.5005
	=	8.31 %

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

Ngai Hing Hong Co (HKSE:01047) 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.

Ngai Hing Hong Co ROCE % Related Terms

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Ngai Hing Hong Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Ngai Hing Hong Co Ltd (HKSE:01047) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 Wo Shing Street, Unit 3, 6th Floor, Hopeful Factory Centre, Fo Tan, Shatin, New Territories, Hong Kong, HKG

Website

https://www.nhh.com.hk

Ngai Hing Hong Co Ltd is a Hong Kong-based investment holding company. Along with its subsidiaries, the company is involved in the rubber and plastic business sectors. The company is principally engaged in the manufacturing and trading of plastic materials, pigments, colorants, compounded plastic resins, and engineering plastic products. The business of this company is divided into various segments that include Trading, Colorants, Engineering Plastics, and Others. A substantial portion of the company's overall revenue is generated from its Trading business which is involved in the trading of plastic materials.

Executives

Hui Sai Chung

2101 Beneficial owner

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