CPM Group (HKSE:01932) ROCE % : -18.41% (As of Dec. 2023)

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What is CPM 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. CPM Group's annualized ROCE % for the quarter that ended in Dec. 2023 was -18.41%.

CPM Group ROCE % Historical Data

The historical data trend for CPM 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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CPM Group ROCE % Chart

CPM Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-3.24

-1.14

-9.88

-16.35

-9.72

CPM Group Semi-Annual Data
	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial													-15.01	-18.70	-16.58	-1.69	-18.41

CPM Group ROCE % Calculation

CPM Group'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 )
	=	-56.217	/	( ( (1152.832 - 587.954)	+	(972.859 - 381.47) )	/ 2 )
	=	-56.217	/	( (564.878	+	591.389)	/ 2 )
	=	-56.217	/	578.1335
	=	-9.72 %

CPM Group'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 )
	=	-103.198	/	( ( (1023.175 - 493.526)	+	(972.859 - 381.47) )	/ 2 )
	=	-103.198	/	( ( 529.649	+	591.389 )	/ 2 )
	=	-103.198	/	560.519
	=	-18.41 %

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

CPM Group (HKSE:01932) 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.

CPM Group ROCE % Related Terms

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CPM Group (HKSE:01932) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » CPM Group Ltd (HKSE:01932) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

338 Hennessy Road, 31st Floor, CNT Tower, Wanchai, Hong Kong, HKG

Website

http://www.cpmgroup.com.hk

CPM Group Ltd is an investment holding company mainly engaged in the manufacture and sale of paint and coating products. The company has two reportable operating segments: the Paint Products segment which engages in the manufacture and sale of paint and coating products; and the Property Investment segment invests in industrial properties for their rental income potential. The company's principal products include industrial paint and coating products, architectural paint and coating products, general paint and coating, and ancillary products. It mainly distributes its products in the Mainland of China and Hong Kong markets. The group derives the majority of its revenue from Mainland China.

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