ArtGo Holdings (HKSE:03313) ROCE % : -53.01% (As of Dec. 2023)

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What is ArtGo 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. ArtGo Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was -53.01%.

ArtGo Holdings ROCE % Historical Data

The historical data trend for ArtGo 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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ArtGo Holdings ROCE % Chart

ArtGo Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-1.51

-8.77

-20.91

-7.85

-27.81

ArtGo Holdings 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															-40.49	-2.69	-13.41	-3.85	-53.01

ArtGo Holdings ROCE % Calculation

ArtGo 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 )
	=	-407.394	/	( ( (1855.019 - 200.104)	+	(1461.627 - 186.982) )	/ 2 )
	=	-407.394	/	( (1654.915	+	1274.645)	/ 2 )
	=	-407.394	/	1464.78
	=	-27.81 %

ArtGo Holdings'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 )
	=	-752.744	/	( ( (1767.5 - 202.223)	+	(1461.627 - 186.982) )	/ 2 )
	=	-752.744	/	( ( 1565.277	+	1274.645 )	/ 2 )
	=	-752.744	/	1419.961
	=	-53.01 %

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

ArtGo Holdings (HKSE:03313) 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.

ArtGo Holdings ROCE % Related Terms

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ArtGo Holdings (HKSE:03313) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » ArtGo Holdings Ltd (HKSE:03313) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 728 Yan'an West Road, Room E, 6th Floor, Changning District, Shanghai, CHN

Website

http://www.artgo.cn

ArtGo Holdings Ltd is engaged n mining, processing, trading, and sales of marble stones and warehouse logistics business. The company operates in two business segments. The marble products segment produces marble stone products and calcium carbonate products mainly for further processing or trading, and the other segment includes the trading of commodities, and provision of warehousing and logistics services Geographically, the group derives revenue from the PRC.

Executives

Wu Hailong	2101 Beneficial owner
Casado Co., Limited	2101 Beneficial owner
Ma Boyun	2201 Interest of corporation controlled by you
Xu Xiaodong	2106 Person having a security interest in shares
Gu Weiwen
Zhang Jian
Tong Sui Lun Franco	2101 Beneficial owner

ArtGo Holdings (HKSE:03313) Headlines

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