Tang Palace (China) Holdings (HKSE:01181) ROCE % : 7.05% (As of Jun. 2024)

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What is Tang Palace (China) 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. Tang Palace (China) Holdings's annualized ROCE % for the quarter that ended in Jun. 2024 was 7.05%.

Tang Palace (China) Holdings ROCE % Historical Data

The historical data trend for Tang Palace (China) 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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Tang Palace (China) Holdings ROCE % Chart

Tang Palace (China) Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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7.05

14.99

-27.89

15.16

-0.32

Tang Palace (China) Holdings Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
ROCE %	Get a 7-Day Free Trial															-29.02	28.18	3.81	7.05	-8.17

Tang Palace (China) Holdings ROCE % Calculation

Tang Palace (China) 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 )
	=	64.564	/	( ( (841.003 - 445.947)	+	(881.298 - 424.556) )	/ 2 )
	=	64.564	/	( (395.056	+	456.742)	/ 2 )
	=	64.564	/	425.899
	=	15.16 %

Tang Palace (China) 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 )
	=	30.964	/	( ( (881.298 - 424.556)	+	(838.604 - 416.73) )	/ 2 )
	=	30.964	/	( ( 456.742	+	421.874 )	/ 2 )
	=	30.964	/	439.308
	=	7.05 %

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

Tang Palace (China) Holdings (HKSE:01181) 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.

Tang Palace (China) Holdings ROCE % Related Terms

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Tang Palace (China) Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Tang Palace (China) Holdings Ltd (HKSE:01181) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1 Science Museum Road, Unit 3, 10th Floor, Greenfield Tower, Concordia Plaza, Kowloon, HKG

Website

https://www.tanggong.cn

Tang Palace (China) Holdings Ltd is an investment holding company engaged in restaurant operations and food production. The primary production of the group is located in the People's Republic of China. It offers new dishes, seasonal foods, festive celebrations, basic sauces, food ingredients, and casual dining of different regional cuisines. The company has four operating segments - the Southern China region, the Eastern China region, the Northern China region, and the Western China region. The majority of its revenue is generated from the Eastern China segment. The company operates restaurants under the brands of Soup Delice, Tang Palace, Tang's Cuisine, Tang Palace Seafood Restaurant, Canton Tea Room, Social Place, Pepper Lunch, and PappaRich.

Executives

Current Success Investments Limited	2101 Beneficial owner
Yip Shu Ming	2201 Interest of corporation controlled by you
Wong Sau Mui	2202 Interest of your spouse
Li Gabriel	2307 Founder of a discretionary trust who can infl
Lam Lai Ming	2307 Founder of a discretionary trust who can infl
Ym Investment Limited	2201 Interest of corporation controlled by you
The Li Family (ptc) Limited	2301 Trustee
Oaiv Holdings, L.p.	2201 Interest of corporation controlled by you
Orchid Asia Iv Group Management, Limited	2201 Interest of corporation controlled by you
Orchid Asia Iv Group, Limited	2201 Interest of corporation controlled by you
Orchid Asia Iv Investment, Limited	2201 Interest of corporation controlled by you
Orchid Asia Iv, L.p.	2101 Beneficial owner
Au Yim Bing Anniver	2202 Interest of your spouse
Chan Man Wai	2101 Beneficial owner
Ku Hok Chiu	2201 Interest of corporation controlled by you

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