Casablanca Group (HKSE:02223) ROCE % : 1.46% (As of Dec. 2023)

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What is Casablanca 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. Casablanca Group's annualized ROCE % for the quarter that ended in Dec. 2023 was 1.46%.

Casablanca Group ROCE % Historical Data

The historical data trend for Casablanca 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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Casablanca Group ROCE % Chart

Casablanca Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.34

4.84

3.93

2.20

-1.98

Casablanca Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															6.70	2.29	2.11	-5.41	1.46

Casablanca Group ROCE % Calculation

Casablanca 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 )
	=	-7.867	/	( ( (484.836 - 80.241)	+	(466.275 - 77.556) )	/ 2 )
	=	-7.867	/	( (404.595	+	388.719)	/ 2 )
	=	-7.867	/	396.657
	=	-1.98 %

Casablanca 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 )
	=	5.626	/	( ( (455.269 - 70.715)	+	(466.275 - 77.556) )	/ 2 )
	=	5.626	/	( ( 384.554	+	388.719 )	/ 2 )
	=	5.626	/	386.6365
	=	1.46 %

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

Casablanca Group (HKSE:02223) 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.

Casablanca Group ROCE % Related Terms

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Casablanca Group (HKSE:02223) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Casablanca Group Ltd (HKSE:02223) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

9-13 Wong Chuk Yeung Street, 5th floor, Yan Hing Centre, Fotan, New Territories, Hong Kong, HKG

Website

http://www.casablanca.com.hk

Casablanca Group Ltd is engaged in the design, production, distribution and retailing of home textile products and accessories. The company sells products including bedding sets, quilts, pillows, blankets, mattresses, towels and other household items under Casablanca, Casa Calvin and CASA-V brands. The company has operations in Hong Kong and Macau, the People's Republic of China, and others. The majority of its revenue is derived from Hong Kong and Macau.

Executives

Cheng Sze Kin	2202 Interest of your spouse
Wong Pik Hung	2202 Interest of your spouse
Cheng Sze Tsan	2101 Beneficial owner

Casablanca Group (HKSE:02223) Headlines

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