Time Watch Investments (HKSE:02033) ROCE %: -2.99% (As of Dec. 2025)


HKSE:02033 Time Watch Investments Ltd HKSE:02033
48 GF Score
Price HK$0.24
GF Value HK$0.23
Valuation Fairly Valued
! 4 Warning Signs
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What is Time Watch Investments ROCE %?

Time Watch Investments HKSE:02033 -0.81% 48 ROCE % is -2.99% as of Dec. 2025. GuruFocus rates HKSE:02033 with a GF Score™ of 48/100 and a GF Value™ of HK$0.23 (Fairly Valued). The stock has 4 warning signs investors should review.

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. Time Watch Investments's annualized ROCE % for the quarter that ended in Dec. 2025 was -2.99%.

Time Watch Investments  (HKSE:02033) 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.

Time Watch Investments ROCE % Related Terms

Time Watch Investments ROCE % Historical Data

* Premium members only.

The historical data trend for Time Watch Investments'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.

Time Watch Investments ROCE % Chart

Time Watch Investments Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.84 0.90 1.79 1.79 -1.27

Time Watch Investments Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.29 2.32 -1.92 -0.64 -2.99
HKSE:02033
48GF Score
Time Watch Investments Ltd HKSE:02033
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Time Watch Investments ROCE % Calculation

Time Watch Investments's annualized ROCE % for the fiscal year that ended in Jun. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Jun. 2025 )  (A: Jun. 2024 )(A: Jun. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Jun. 2025 )  (A: Jun. 2024 )(A: Jun. 2025 )
=-29.873/( ( (2540.873 - 154.723) + (2471.113 - 170.728) )/ 2 )
=-29.873/( (2386.15+2300.385)/ 2 )
=-29.873/2343.2675
=-1.27 %

Time Watch Investments's ROCE % of for the quarter that ended in Dec. 2025 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Dec. 2025 )  (Q: Jun. 2025 )(Q: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Dec. 2025 )  (Q: Jun. 2025 )(Q: Dec. 2025 )
=-68.286/( ( (2471.113 - 170.728) + (2464.233 - 199.928) )/ 2 )
=-68.286/( ( 2300.385 + 2264.305 )/ 2 )
=-68.286/2282.345
=-2.99 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of -2.99% mean?
Time Watch Investments (HKSE:02033) has a ROCE % of -2.99% as of Dec. 2025.
Is Time Watch Investments' ROCE % too high?
Time Watch Investments' current ROCE % is -2.99%. Overall, Time Watch Investments has a GF Score™ of 48/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Time Watch Investments' ROCE % compare to NKE and DECK?
Time Watch Investments' ROCE % of -2.99% can be compared against companies in the Manufacturing - Apparel & Accessories industry. The industry median ROCE % is 6.11. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Manufacturing - Apparel & Accessories company?
The median ROCE % among Manufacturing - Apparel & Accessories companies is 6.11, based on 1,036 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Manufacturing - Apparel & Accessories industry, the median ROCE % is 6.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Time Watch Investments's current ROCE % is -2.99%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Time Watch Investments stock overvalued right now?
Based on GuruFocus' analysis, Time Watch Investments (HKSE:02033) is currently considered Fairly Valued. The stock's GF Value™ is HK$0.23, compared to a current price of HK$0.24 — trading 6.1% above its estimated fair value. The current ROCE % is -2.99%. Time Watch Investments' overall GF Score™ is 48/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Time Watch Investments (HKSE:02033), the current ROCE % is -2.99% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Time Watch Investments (HKSE:02033) Overvalued in 2026?

Based on GuruFocus' analysis, Time Watch Investments stock appears to be overvalued. The current stock price of HK$0.24 is trading 6.1% above its estimated GF Value™ of HK$0.23. GuruFocus considers Time Watch Investments to be Fairly Valued.

Key valuation signals for HKSE:02033:

  • ROCE %: -2.99%
  • GF Value™: HK$0.23 vs. price of HK$0.24 (6.1% above fair value)
  • GF Score™: 48/100 with 4 warning signs

No single metric tells the full story. See the HKSE:02033 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Time Watch Investments Business Description

Address 77 Wing Hong Street, 27th Floor, CEO Tower, Kowloon, Hong Kong, HKG
Time Watch Investments Ltd is an investment holding company that operates as a manufacturer, brand-owner, and retailer of watches in the People's Republic of China (PRC). The company operates through following segments: Tian Wang Watch Business, Watch Movements Trading Business, and Other Brands (PRC) Business. The company generates maximum revenue from the Tian Wang Watch Business that involves manufacturing, the wholesale and retail business of owned brand watches, Tian Wang Watch. Its geographical segments include the PRC, which is the key revenue generator, and the Asia Pacific.
48GF Score

Get the complete analysis for HKSE:02033

ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

HK$0.24
Price
HK$0.23
GF Value