China Hongbao Holdings (HKSE:08316) ROCE % : 0.00% (As of Sep. 2024)

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What is China Hongbao 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. China Hongbao Holdings's annualized ROCE % for the quarter that ended in Sep. 2024 was 0.00%.

China Hongbao Holdings ROCE % Historical Data

The historical data trend for China Hongbao 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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China Hongbao Holdings ROCE % Chart

China Hongbao Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-22.45

-696.43

China Hongbao Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial															-	-	-	-	-

China Hongbao Holdings ROCE % Calculation

China Hongbao Holdings's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	-5.475	/	( ( (105.717 - 126.372)	+	(23.374 - 52.677) )	/ 2 )
	=	-5.475	/	( (-20.655	+	-29.303)	/ 2 )
	=	-5.475	/	-24.979
	=	21.92 %

China Hongbao Holdings's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	0	/	( ( (23.374 - 52.677)	+	(21.618 - 51.466) )	/ 2 )
	=	0	/	( ( -29.303	+	-29.848 )	/ 2 )
	=	0	/	-29.5755
	=	0 %

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

China Hongbao Holdings (HKSE:08316) 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.

China Hongbao Holdings ROCE % Related Terms

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China Hongbao Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » China Hongbao Holdings Ltd (HKSE:08316) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 51 Kwai Cheong Road, Unit Nos. 1–3 on Level 9, Kowloon Commerce Centre Tower A, Kwai Chung, New Territories, Hong Kong, HKG

Website

https://www.pakwingc.com

China Hongbao Holdings Ltd, formerly Quantong Holdings Ltd operates in the construction industry principally involved as a foundation subcontractor. The firm is engaged in the provision of foundation works. The projects of the company involve LS work, mini piling, pipe piling and soldier piling, grouting and grout curtain construction, H-piling, and other works. Its target customers mainly comprise main contractors and subcontractors. The group derives the majority of its revenue from its operations in Hong Kong followed by Mainland China.

Executives

Cheng Jun	2101 Beneficial owner
Quantong Group Holdings Limited	2101 Beneficial owner
Xing Yuan	2201 Interest of corporation controlled by you
Ji Zhiwei	2106 Person having a security interest in shares
Fu Yik Lung	2106 Person having a security interest in shares
Steel Dust Limited	2101 Beneficial owner
Zhang Weijie	2201 Interest of corporation controlled by you

China Hongbao Holdings Headlines

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