Travel Expert (Asia) Enterprises (HKSE:01235) ROCE % : 13.37% (As of Mar. 2024)

View and export this data going back to 2011. Start your Free Trial

What is Travel Expert (Asia) Enterprises 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. Travel Expert (Asia) Enterprises's annualized ROCE % for the quarter that ended in Mar. 2024 was 13.37%.

Travel Expert (Asia) Enterprises ROCE % Historical Data

The historical data trend for Travel Expert (Asia) Enterprises'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.

* Premium members only.

Travel Expert (Asia) Enterprises ROCE % Chart

Travel Expert (Asia) Enterprises Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

Get a 7-Day Free Trial

-30.53

-32.29

-23.67

-3.10

9.59

Travel Expert (Asia) Enterprises Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial															-12.36	6.25	5.80	13.37	9.10

Travel Expert (Asia) Enterprises ROCE % Calculation

Travel Expert (Asia) Enterprises's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	6.681	/	( ( (105.361 - 43.457)	+	(153.225 - 75.754) )	/ 2 )
	=	6.681	/	( (61.904	+	77.471)	/ 2 )
	=	6.681	/	69.6875
	=	9.59 %

Travel Expert (Asia) Enterprises's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	9.634	/	( ( (141.562 - 74.889)	+	(153.225 - 75.754) )	/ 2 )
	=	9.634	/	( ( 66.673	+	77.471 )	/ 2 )
	=	9.634	/	72.072
	=	13.37 %

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

Travel Expert (Asia) Enterprises (HKSE:01235) 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.

Travel Expert (Asia) Enterprises ROCE % Related Terms

Thank you for viewing the detailed overview of Travel Expert (Asia) Enterprises's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Travel Expert (Asia) Enterprises Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Travel Expert (Asia) Enterprises Ltd (HKSE:01235) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.160 Gloucester Road, 5th Floor, Overseas Trust Bank Building, Wanchai, Hong Kong, HKG

Website

https://www.tegroup.com.hk

Travel Expert (Asia) Enterprises Ltd is an investment holding company. It is engaged in the provision of services relating to sales of travel/wedding-related products, sale of package tours, food and beverage and investment in treasury activities. It derives majority of its revenue from the Sales of package tours. Geographically it operates from Hong Kong and The PRC.

Executives

Cheng Hang Fan	2202 Interest of your spouse
Ko Wai Ming Daniel	2101 Beneficial owner

Travel Expert (Asia) Enterprises Headlines

No Headlines