Chow Tai Fook Jewellery Group (HKSE:01929) ROCE % : 24.50% (As of Sep. 2024)

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What is Chow Tai Fook Jewellery 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. Chow Tai Fook Jewellery Group's annualized ROCE % for the quarter that ended in Sep. 2024 was 24.50%.

Chow Tai Fook Jewellery Group ROCE % Historical Data

The historical data trend for Chow Tai Fook Jewellery 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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Chow Tai Fook Jewellery Group ROCE % Chart

Chow Tai Fook Jewellery Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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14.80

27.08

25.44

21.58

27.90

Chow Tai Fook Jewellery Group Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial															25.36	18.00	38.29	19.60	24.50

Chow Tai Fook Jewellery Group ROCE % Calculation

Chow Tai Fook Jewellery Group'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 )
	=	9432.9	/	( ( (87340.5 - 51021.5)	+	(88819 - 57520.4) )	/ 2 )
	=	9432.9	/	( (36319	+	31298.6)	/ 2 )
	=	9432.9	/	33808.8
	=	27.90 %

Chow Tai Fook Jewellery Group'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 )
	=	7360	/	( ( (88819 - 57520.4)	+	(86862.4 - 58068.8) )	/ 2 )
	=	7360	/	( ( 31298.6	+	28793.6 )	/ 2 )
	=	7360	/	30046.1
	=	24.50 %

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

Chow Tai Fook Jewellery Group (HKSE:01929) 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.

Chow Tai Fook Jewellery Group ROCE % Related Terms

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Chow Tai Fook Jewellery Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Chow Tai Fook Jewellery Group Ltd (HKSE:01929) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

CJEWY:USA CJEWF:USA 1CT:Germany

Address

16 - 18 Queen\'s Road Central, 33rd Floor, New World Tower, Central, Hong Kong, HKG

Website

https://www.ctfjewellerygroup.com

Chow Tai Fook Jewellery Group Ltd is engaged in the jewelry and watch business located in Mainland China. The company's geographical operating segment includes Mainland China and Hong Kong, Macau, and other markets. It generates maximum revenue from Mainland China. Its product categories include rings, bands, necklaces, pendants, earrings, chains, bracelets, and others. The company derives revenue from Gem-set, Gold products, Platinum/Karat gold products, and Watches.

Executives

Cheng Kam Chiu, Stewart	2201 Interest of corporation controlled by you
Cheng Yu Tung Familiy (holdings Ii) Limited	2201 Interest of corporation controlled by you
Cheng Yu Tung Familiy (holdings) Limited	2201 Interest of corporation controlled by you
Chow Tai Fook Capital Limited	2101 Beneficial owner
Yueford Corporation	2101 Beneficial owner
Cheng Yu Wai	2101 Beneficial owner

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