Rykadan Capital (HKSE:02288) ROCE % : -9.55% (As of Sep. 2023)

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What is Rykadan Capital 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. Rykadan Capital's annualized ROCE % for the quarter that ended in Sep. 2023 was -9.55%.

Rykadan Capital ROCE % Historical Data

The historical data trend for Rykadan Capital'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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Rykadan Capital ROCE % Chart

Rykadan Capital Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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27.43

-4.62

2.90

-2.62

-15.19

Rykadan Capital Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial															0.90	-6.16	-8.25	-22.33	-9.55

Rykadan Capital ROCE % Calculation

Rykadan Capital's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	-179.106	/	( ( (1591.071 - 359.284)	+	(1358.091 - 232.277) )	/ 2 )
	=	-179.106	/	( (1231.787	+	1125.814)	/ 2 )
	=	-179.106	/	1178.8005
	=	-15.19 %

Rykadan Capital's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	-103.898	/	( ( (1358.091 - 232.277)	+	(1313.274 - 262.083) )	/ 2 )
	=	-103.898	/	( ( 1125.814	+	1051.191 )	/ 2 )
	=	-103.898	/	1088.5025
	=	-9.55 %

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

Rykadan Capital (HKSE:02288) 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.

Rykadan Capital ROCE % Related Terms

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Rykadan Capital (HKSE:02288) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Rykadan Capital Ltd (HKSE:02288) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

135 Hoi Bun Road, Rooms 2701 and 2801, Rykadan Capital Tower, Kwun Tong, Kowloon, Hong Kong, HKG

Website

http://www.rykadan.com

Rykadan Capital Ltd is an investment holding company. Its businesses are Property development, Property investment, Asset investment and fund management, and Distribution of construction and interior decorative materials. The key revenue is derived from the Property development segment which comprises repositioning and value enhancement of property with a focus on development projects in prime locations in Hong Kong, the United Kingdom, and the United States. Geographically, it derives a majority of revenue from the United Kingdom.

Executives

Chan William	2201 Interest of corporation controlled by you
Rykadan Holdings Limited	2201 Interest of corporation controlled by you
Scenemay Holdings Limited	2101 Beneficial owner
Tiger Crown Limited	2401 A concert party to an agreement to buy shares
Li Wing Yin	2201 Interest of corporation controlled by you
Li Chu Kwan	2201 Interest of corporation controlled by you
Ng Tak Kwan

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