HK Asia Holdings (HKSE:01723) ROCE % : 1.80% (As of Sep. 2024)

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What is HK Asia 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. HK Asia Holdings's annualized ROCE % for the quarter that ended in Sep. 2024 was 1.80%.

HK Asia Holdings ROCE % Historical Data

The historical data trend for HK Asia 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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HK Asia Holdings ROCE % Chart

HK Asia Holdings Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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22.30

9.01

14.95

2.79

11.88

HK Asia Holdings Semi-Annual Data
	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial												8.42	-2.86	18.06	7.02	1.80

HK Asia Holdings ROCE % Calculation

HK Asia Holdings'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 )
	=	17.669	/	( ( (179.048 - 7.643)	+	(138.744 - 12.698) )	/ 2 )
	=	17.669	/	( (171.405	+	126.046)	/ 2 )
	=	17.669	/	148.7255
	=	11.88 %

HK Asia Holdings's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	2.08	/	( ( (138.744 - 12.698)	+	(136.851 - 31.428) )	/ 2 )
	=	2.08	/	( ( 126.046	+	105.423 )	/ 2 )
	=	2.08	/	115.7345
	=	1.80 %

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

HK Asia Holdings (HKSE:01723) 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.

HK Asia Holdings ROCE % Related Terms

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HK Asia Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » HK Asia Holdings Ltd (HKSE:01723) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

23 Wing Wo Street, Sheung Wan, 24th Floor, Chun Wo Commercial Centre, Hong Kong, HKG

Website

http://www.hkasiaholdings.com/hkasia

HK Asia Holdings Ltd is principally engaged in wholesale and retail sales of the Pre-paid Products such as SIM Cards and Top-up Vouchers. The Group currently has one operating segment which is revenue from sale of the Pre-paid Products i.e. SIM Cards and top-up vouchers. Geographically, it operates only in Hong Kong.

Executives

Fang Jason Kin Hoi	2201 Interest of corporation controlled by you
210k Capital, Lp	2101 Beneficial owner
Bailey David Forrest	2201 Interest of corporation controlled by you
Evans Tyler Matthew	2201 Interest of corporation controlled by you
Mateer Samuel Coyn	2201 Interest of corporation controlled by you
Utxo Management Gp, Llc	2201 Interest of corporation controlled by you
Sit Hon	2201 Interest of corporation controlled by you
Sora Investment Management Limited	2102 Investment manager
Sora Valkyrie Limited	2101 Beneficial owner
Sora Ventures	2201 Interest of corporation controlled by you
Allied Top Investments Limited	2101 Beneficial owner
Top Legend Spc Acting For And On Behalf Of One Of Its Segregated Portfolios Aces Sp	2101 Beneficial owner
Tsang Karen Ka Yan	2201 Interest of corporation controlled by you
Chan Hung Kai	2101 Beneficial owner
Siu Muk Lung	2101 Beneficial owner

HK Asia Holdings Headlines

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