Fourace Industries Group Holdings (HKSE:01455) ROCE % : 11.70% (As of Sep. 2023)

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What is Fourace Industries Group 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. Fourace Industries Group Holdings's annualized ROCE % for the quarter that ended in Sep. 2023 was 11.70%.

Fourace Industries Group Holdings ROCE % Historical Data

The historical data trend for Fourace Industries Group 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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Fourace Industries Group Holdings ROCE % Chart

Fourace Industries Group Holdings Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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20.92

28.41

26.30

20.02

19.52

Fourace Industries Group Holdings Semi-Annual Data
	Mar18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial						19.39	22.24	26.92	12.95	11.70

Fourace Industries Group Holdings ROCE % Calculation

Fourace Industries Group 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 )
	=	76.291	/	( ( (470.034 - 99.603)	+	(456.779 - 45.362) )	/ 2 )
	=	76.291	/	( (370.431	+	411.417)	/ 2 )
	=	76.291	/	390.924
	=	19.52 %

Fourace Industries Group 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 )
	=	47.298	/	( ( (456.779 - 45.362)	+	(458.107 - 60.972) )	/ 2 )
	=	47.298	/	( ( 411.417	+	397.135 )	/ 2 )
	=	47.298	/	404.276
	=	11.70 %

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

Fourace Industries Group Holdings (HKSE:01455) 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.

Fourace Industries Group Holdings ROCE % Related Terms

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Fourace Industries Group Holdings (HKSE:01455) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Fourace Industries Group Holdings Ltd (HKSE:01455) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Unit No. 1107, 8 Kwai Cheong Road, 11th Floor, Manhattan Centre, Kwai Chung, New Territories, Hong Kong, HKG

Website

https://www.fourace.com

Fourace Industries Group Holdings Ltd is engaged in the design, development, manufacturing, and trading of personal care and lifestyle electrical appliances on an ODM basis. The company's product portfolio offers a wide range of personal care electrical appliances, which can be broadly classified into three categories, namely, hair styling series, grooming series, and beauty care series. Geographically, the customers of the company are mainly international brand owners with products marketed mainly in the U.S., Japan, Europe, and Others. The company earns the majority of its revenue from Japan.

Executives

Ace Champion Inc.	2101 Beneficial owner
Chan Pan Pan	2202 Interest of your spouse
Forever Golden Inc.	2101 Beneficial owner
Li Shu Yeh	2201 Interest of corporation controlled by you
Loo Kin Kuen Stephen	2202 Interest of your spouse
Sit Hor Wan	2201 Interest of corporation controlled by you

Fourace Industries Group Holdings (HKSE:01455) Headlines

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