Hong Wei (Asia) Holdings Co (HKSE:08191) ROCE % : 0.00% (As of Jun. 2024)

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What is Hong Wei (Asia) Holdings Co 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. Hong Wei (Asia) Holdings Co's annualized ROCE % for the quarter that ended in Jun. 2024 was 0.00%.

Hong Wei (Asia) Holdings Co ROCE % Historical Data

The historical data trend for Hong Wei (Asia) Holdings Co'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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Hong Wei (Asia) Holdings Co ROCE % Chart

Hong Wei (Asia) Holdings Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.30

-11.07

-0.31

8.68

4.75

Hong Wei (Asia) Holdings Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															4.59	13.97	7.07	-10.34	-

Hong Wei (Asia) Holdings Co ROCE % Calculation

Hong Wei (Asia) Holdings Co'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 )
	=	20.738	/	( ( (745.245 - 324.162)	+	(774.318 - 321.511) )	/ 2 )
	=	20.738	/	( (421.083	+	452.807)	/ 2 )
	=	20.738	/	436.945
	=	4.75 %

Hong Wei (Asia) Holdings Co'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 )
	=	0	/	( ( (774.318 - 321.511)	+	(804.551 - 362.639) )	/ 2 )
	=	0	/	( ( 452.807	+	441.912 )	/ 2 )
	=	0	/	447.3595
	=	0.00 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2024) EBIT data.

Hong Wei (Asia) Holdings Co (HKSE:08191) 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.

Hong Wei (Asia) Holdings Co ROCE % Related Terms

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Hong Wei (Asia) Holdings Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Hong Wei (Asia) Holdings Co Ltd (HKSE:08191) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

18 Harcourt Road, Tower 1, Admiralty Centre, Unit 603, 6th floor, Admiralty, Hong Kong, HKG

Website

https://www.hongweiasia.com

Hong Wei (Asia) Holdings Co Ltd is an investment holding company It is engaged in the manufacturing and selling of particleboards. Its products are mainly made of undersized log, wood branches and agriculture and forestry residues. The Company's primary markets are located in the People's Republic of China (the PRC) and other Asian countries.

Executives

City East Investments Limited
Mutual Benefits Enterprise Limited
Kaneko Hiroshi
Yanase Kenichi	2201 Interest of corporation controlled by you
Cheung Ngar Kwan	2202 Interest of your spouse
Wong Cheung Lok	2101 Beneficial owner

Hong Wei (Asia) Holdings Co Headlines

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