Affluent Foundation Holdings (HKSE:01757) ROCE % : 2.69% (As of Sep. 2023)

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What is Affluent Foundation 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. Affluent Foundation Holdings's annualized ROCE % for the quarter that ended in Sep. 2023 was 2.69%.

Affluent Foundation Holdings ROCE % Historical Data

The historical data trend for Affluent Foundation 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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Affluent Foundation Holdings ROCE % Chart

Affluent Foundation Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-68.74

-21.87

3.94

3.70

1.02

Affluent Foundation Holdings Semi-Annual Data
	Mar15	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial											6.02	1.38	3.22	-1.03	2.69

Affluent Foundation Holdings ROCE % Calculation

Affluent Foundation 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 )
	=	1.037	/	( ( (222.79 - 136.668)	+	(214.169 - 96.513) )	/ 2 )
	=	1.037	/	( (86.122	+	117.656)	/ 2 )
	=	1.037	/	101.889
	=	1.02 %

Affluent Foundation 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 )
	=	3.19	/	( ( (214.169 - 96.513)	+	(213.192 - 93.73) )	/ 2 )
	=	3.19	/	( ( 117.656	+	119.462 )	/ 2 )
	=	3.19	/	118.559
	=	2.69 %

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

Affluent Foundation Holdings (HKSE:01757) 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.

Affluent Foundation Holdings ROCE % Related Terms

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Affluent Foundation Holdings (HKSE:01757) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Affluent Foundation Holdings Ltd (HKSE:01757) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 6 Sha Tsui Road, Unit 903-905, 9th Floor, The Octagon, Tsuen Wan, New Territories, Hong Kong, HKG

Website

http://www.hcho.com.hk

Affluent Foundation Holdings Ltd is a subcontractor engaged in services related to foundation works including excavation and lateral support works, pile caps construction, and other services, such as demolition works, underground drainage works, earthworks, and structural steelworks. It is also engaged in leasing machinery to third-party construction companies. Geographically the group operates in Hong Kong. It derives revenue through the provision of contracting services.

Executives

Oriental Castle Group Limited	2101 Beneficial owner
Chan Siu Cheong	2201 Interest of corporation controlled by you
Chu Wai Ling	2202 Interest of your spouse

Affluent Foundation Holdings (HKSE:01757) Headlines

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