Eagle Nice (International) Holdings (HKSE:02368) ROCE % : 35.64% (As of Sep. 2023)

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What is Eagle Nice (International) 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. Eagle Nice (International) Holdings's annualized ROCE % for the quarter that ended in Sep. 2023 was 35.64%.

Eagle Nice (International) Holdings ROCE % Historical Data

The historical data trend for Eagle Nice (International) 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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Eagle Nice (International) Holdings ROCE % Chart

Eagle Nice (International) Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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14.54

22.67

28.50

21.63

23.20

Eagle Nice (International) Holdings 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															27.55	15.32	37.48	8.95	35.64

Eagle Nice (International) Holdings ROCE % Calculation

Eagle Nice (International) Holdings'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 )
	=	421.075	/	( ( (3125.402 - 1328.43)	+	(3074.747 - 1241.933) )	/ 2 )
	=	421.075	/	( (1796.972	+	1832.814)	/ 2 )
	=	421.075	/	1814.893
	=	23.20 %

Eagle Nice (International) Holdings'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 )
	=	695.964	/	( ( (3074.747 - 1241.933)	+	(3293.78 - 1221.189) )	/ 2 )
	=	695.964	/	( ( 1832.814	+	2072.591 )	/ 2 )
	=	695.964	/	1952.7025
	=	35.64 %

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

Eagle Nice (International) Holdings (HKSE:02368) 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.

Eagle Nice (International) Holdings ROCE % Related Terms

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Eagle Nice (International) Holdings (HKSE:02368) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Eagle Nice (International) Holdings Ltd (HKSE:02368) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

70 Ta Chuen Ping Street, 9th Floor, Tower B, Regent Centre, Units 0902-0903 and 0905-0906, New Territories, Kwai Chung, HKG

Website

https://www.eaglenice.com.hk

Eagle Nice (International) Holdings Ltd is an investment holding company based in Hong Kong. The company, along with its subsidiaries, is primarily engaged in the manufacturing and trading of sportswear and garments. Some of the company's products include down Jackets, Tracksuits, Sweaters, and Sports pants, among others. Geographically, the company's reportable segments are Mainland China, USA, Europe, Japan, and Others. It derives a majority of revenue from Mainland China followed by the US and Europe.

Executives

Webb David Michael	2201 Interest of corporation controlled by you
Chung Yuk Sing	2101 Beneficial owner
Huang Yongbiao	2101 Beneficial owner
Chen Hsiao Ying	2101 Beneficial owner
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Yue Yuen Industrial (holdings) Limited	2201 Interest of corporation controlled by you
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Eagle Nice (International) Holdings (HKSE:02368) Headlines

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