Hanvey Group Holdings (HKSE:08219) ROCE % : 0.00% (As of Jun. 2024)

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What is Hanvey 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. Hanvey Group Holdings's annualized ROCE % for the quarter that ended in Jun. 2024 was 0.00%.

Hanvey Group Holdings ROCE % Historical Data

The historical data trend for Hanvey 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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Hanvey Group Holdings ROCE % Chart

Hanvey Group Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-13.78

-27.13

2.93

-4.79

-11.55

Hanvey Group Holdings 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															13.16	11.57	-22.20	-57.35	-

Hanvey Group Holdings ROCE % Calculation

Hanvey 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 )
	=	-9.614	/	( ( (245.659 - 150.878)	+	(202.594 - 130.875) )	/ 2 )
	=	-9.614	/	( (94.781	+	71.719)	/ 2 )
	=	-9.614	/	83.25
	=	-11.55 %

Hanvey 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 )
	=	0	/	( ( (202.594 - 130.875)	+	(192.716 - 126.235) )	/ 2 )
	=	0	/	( ( 71.719	+	66.481 )	/ 2 )
	=	0	/	69.1
	=	0.00 %

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

Hanvey Group Holdings (HKSE:08219) 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.

Hanvey Group Holdings ROCE % Related Terms

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Hanvey Group Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Hanvey Group Holdings Ltd (HKSE:08219) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 88 Container Port Road, Units 3, 5 and 6, 15th Floor, Tower One, Ever Gain Plaza, Kwai Chung, New Territories, Hong Kong, HKG

Website

https://www.hanveygroup.com.hk

Hanvey Group Holdings Ltd is engaged in the design, development, manufacture, and distribution of watch products on an original design manufacturing (ODM) basis for watch manufacturers, brand owners, and watch importers across the globe. Its products include female and male, metal and non-metal banded, mechanical, and quartz movement watches to its customers. The group derives revenue mainly from the sale of finished watches, semi-knocked-down kits, and watch parts. Geographically, it derives a majority of its revenue from Indonesia and also has a presence in Hong Kong; Brazil; India; the Kingdom of Saudi Arabia; Australia; the United Arab Emirates (UAE); and Turkey, among others.

Executives

Million Easy Enterprises Ltd.
Au Corona Ching Mei
Cheuk Sin Cheong Clement
Song Hao	2101 Beneficial owner
China New Economy Fund Limited	2101 Beneficial owner

Hanvey Group Holdings Headlines

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