Hengdeli Holdings (HKSE:03389) ROCE % : 2.56% (As of Dec. 2023)

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What is Hengdeli 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. Hengdeli Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 2.56%.

Hengdeli Holdings ROCE % Historical Data

The historical data trend for Hengdeli 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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Hengdeli Holdings ROCE % Chart

Hengdeli Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-7.46

-9.42

1.56

-0.84

1.13

Hengdeli 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															4.41	0.83	-2.55	-0.31	2.56

Hengdeli Holdings ROCE % Calculation

Hengdeli 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 )
	=	40.647	/	( ( (3937.307 - 306.535)	+	(3936.683 - 344.247) )	/ 2 )
	=	40.647	/	( (3630.772	+	3592.436)	/ 2 )
	=	40.647	/	3611.604
	=	1.13 %

Hengdeli 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 )
	=	92.72	/	( ( (4029.442 - 388.23)	+	(3936.683 - 344.247) )	/ 2 )
	=	92.72	/	( ( 3641.212	+	3592.436 )	/ 2 )
	=	92.72	/	3616.824
	=	2.56 %

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

Hengdeli Holdings (HKSE:03389) 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.

Hengdeli Holdings ROCE % Related Terms

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Hengdeli Holdings (HKSE:03389) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Hengdeli Holdings Ltd (HKSE:03389) » Definitions » ROCE %

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Traded in Other Exchanges

XYUA:Germany

Address

28 Canton Road, Room 301, 3rd Floor, Lippo Sun Plaza, Tsim Sha Tsui, Kowloon, Hong Kong, HKG

Website

http://www.hengdeligroup.com

Hengdeli Holdings Ltd is primarily engaged in the retail and trading of watches and jewellery with comprehensive related customer services and maintenance, manufacturing of watch accessories, provision of shop design and decoration service, and trading of iron ore. The operating segments of the group are High-end consuming accessories; Watches retail and trading and Commodity trading. It has a business presence mainly in Mainland China, Hong Kong, Taiwan, and Malaysia.

Hengdeli Holdings (HKSE:03389) Headlines

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