Bonny International Holding (HKSE:01906) ROCE % : -9.44% (As of Dec. 2023)

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What is Bonny International Holding 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. Bonny International Holding's annualized ROCE % for the quarter that ended in Dec. 2023 was -9.44%.

Bonny International Holding ROCE % Historical Data

The historical data trend for Bonny International Holding'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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Bonny International Holding ROCE % Chart

Bonny International Holding Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-0.76

20.61

-1.81

-15.65

-8.68

Bonny International Holding Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial									-9.51	-12.81	-19.13	-6.15	-9.44

Bonny International Holding ROCE % Calculation

Bonny International Holding'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 )
	=	-37.448	/	( ( (638.2 - 213.518)	+	(643.232 - 204.964) )	/ 2 )
	=	-37.448	/	( (424.682	+	438.268)	/ 2 )
	=	-37.448	/	431.475
	=	-8.68 %

Bonny International Holding's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-45.588	/	( ( (748.486 - 220.549)	+	(643.232 - 204.964) )	/ 2 )
	=	-45.588	/	( ( 527.937	+	438.268 )	/ 2 )
	=	-45.588	/	483.1025
	=	-9.44 %

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

Bonny International Holding (HKSE:01906) 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.

Bonny International Holding ROCE % Related Terms

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Bonny International Holding (HKSE:01906) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Bonny International Holding Ltd (HKSE:01906) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

248 Queen’s Road East, 40th Floor, Dah Sing Financial Centre, Wanchai, Hong Kong, HKG

Website

https://www.bonnychina.com

Bonny International Holding Ltd is principally engaged in the manufacturing of intimate wear products for overseas apparel companies. The segments of the company are the Brand products segment which involves the manufacture and sale of ladies Brassieres, Panties, Thermal underwear with the Bonny brand to the domestic market; and the Original Design Manufacture (ODM) products segment which engages in the manufacture and sale of Seamless underwear or other ODM products for overseas customers or their agents. Geographically the group derives key revenue from Mainland China, the United states, Germany, Japan, Netherlands and others, of which key revenue is derived from Mainland China.

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