Hop Fung Group Holdings (HKSE:02320) ROCE % : -9.85% (As of Jun. 2024)

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What is Hop Fung Group Holdings 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. Hop Fung Group Holdings's annualized ROCE % for the quarter that ended in Jun. 2024 was -9.85%.

Hop Fung Group Holdings ROCE % Historical Data

The historical data trend for Hop Fung Group Holdings'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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Hop Fung Group Holdings ROCE % Chart

Hop Fung Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-0.88

0.89

-29.35

-15.14

-10.00

Hop Fung Group Holdings Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															-12.14	-18.69	-11.25	-8.90	-9.85

Hop Fung Group Holdings ROCE % Calculation

Hop Fung Group Holdings'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 )
	=	-96.906	/	( ( (1191.109 - 124.53)	+	(1020.42 - 148.74) )	/ 2 )
	=	-96.906	/	( (1066.579	+	871.68)	/ 2 )
	=	-96.906	/	969.1295
	=	-10.00 %

Hop Fung Group Holdings's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	-85.732	/	( ( (1020.42 - 148.74)	+	(966.08 - 96.874) )	/ 2 )
	=	-85.732	/	( ( 871.68	+	869.206 )	/ 2 )
	=	-85.732	/	870.443
	=	-9.85 %

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

Hop Fung Group Holdings (HKSE:02320) 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.

Hop Fung Group Holdings ROCE % Related Terms

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Hop Fung Group Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Hop Fung Group Holdings Ltd (HKSE:02320) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 57 Sha Tsui Road and Nos. 30-38 Tai Chung Road, Workshops E, F and H, 22nd Floor, Superluck Industrial Centre (Phase 2), Tsuen Wan, New Territories, Hong Kong, HKG

Website

http://www.hopfunggroup.com

Hop Fung Group Holdings Ltd is principally engaged in the business of manufacturing and sale of corrugated paperware products. The company operates through two segments namely Containerboard and Corrugated packaging. Its Containerboard segment offers corrugating medium and liner board. The Corrugated packaging segment is involved in the production and marketing of corrugated paper boards and carton boxes. It generates key revenue from the Corrugated packaging segment. Geographically, it derives a majority of its revenue from the PRC.

Executives

Hui Sum Ping	2101 Beneficial owner
Jian Jian Yi
Hui Sum Tai	2101 Beneficial owner
Leung Pui Man	2202 Interest of your spouse
Hui Sum Kwok	2101 Beneficial owner
Goldkeen Assets Management Limited	2201 Interest of corporation controlled by you
Goldspeed Holdings Limited	2101 Beneficial owner
Hsbc International Trustee Limited	2301 Trustee
Wong Mui	2202 Interest of your spouse

Hop Fung Group Holdings Headlines

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