Star Shine Holdings Group (HKSE:01440) ROCE % : 0.51% (As of Jun. 2024)

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What is Star Shine Holdings Group 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. Star Shine Holdings Group's annualized ROCE % for the quarter that ended in Jun. 2024 was 0.51%.

Star Shine Holdings Group ROCE % Historical Data

The historical data trend for Star Shine Holdings Group'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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Star Shine Holdings Group ROCE % Chart

Star Shine Holdings Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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32.57

26.93

8.73

-2.51

-2.54

Star Shine Holdings Group Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial								3.03	-8.17	-3.38	-1.72	0.51

Star Shine Holdings Group ROCE % Calculation

Star Shine Holdings Group'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 )
	=	-9.093	/	( ( (396.37 - 30.231)	+	(538.331 - 187.975) )	/ 2 )
	=	-9.093	/	( (366.139	+	350.356)	/ 2 )
	=	-9.093	/	358.2475
	=	-2.54 %

Star Shine Holdings Group'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 )
	=	1.772	/	( ( (538.331 - 187.975)	+	(476.555 - 133.543) )	/ 2 )
	=	1.772	/	( ( 350.356	+	343.012 )	/ 2 )
	=	1.772	/	346.684
	=	0.51 %

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

Star Shine Holdings Group (HKSE:01440) 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.

Star Shine Holdings Group ROCE % Related Terms

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Star Shine Holdings Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Star Shine Holdings Group Ltd (HKSE:01440) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3888, Chigang Hanxin Road, Jiangkou Town, Hanjiang District, Fujian, Putian, CHN

Website

http://www.ds-lace.com

Star Shine Holdings Group Ltd, formerly Deyun Holding Ltd is an investment holding company. It is engaged in the manufacturing of lace and the provision of dyeing services and the sales of footwear products to its customers. It derives revenue from the provision of dyeing services which involves the provision of dyeing services of lace and swim-wear fabrics based on customers' orders. It derives key revenue from the PRC.

Executives

Glorious Way Investments Limited	2101 Beneficial owner
Tsoi Wing Sing	2201 Interest of corporation controlled by you
Wu Chou Har	2202 Interest of your spouse
Deyong Investment Co., Ltd	2101 Beneficial owner
Jiang Yanyun	2202 Interest of your spouse
Lin Bingzhong	2103 Interests held jointly with another person
Lin Chaowei	2103 Interests held jointly with another person
Lin Chaowen	2103 Interests held jointly with another person
Lin Minqiang	2103 Interests held jointly with another person
Lin Yueyun	2202 Interest of your spouse
Lin Yunzhen	2202 Interest of your spouse
Zheng Xiuqin	2202 Interest of your spouse
Lin Chao Ji	2103 Interests held jointly with another person
Lin Ai Mei	2202 Interest of your spouse

Star Shine Holdings Group Headlines

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