Taste Gourmet Group (HKSE:08371) ROCE % : 0.00% (As of Sep. 2024)

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What is Taste Gourmet Group 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. Taste Gourmet Group's annualized ROCE % for the quarter that ended in Sep. 2024 was 0.00%.

Taste Gourmet Group ROCE % Historical Data

The historical data trend for Taste Gourmet Group'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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Taste Gourmet Group ROCE % Chart

Taste Gourmet Group Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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22.74

10.76

10.12

19.73

22.59

Taste Gourmet Group Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial															20.34	29.10	23.64	17.86	-

Taste Gourmet Group ROCE % Calculation

Taste Gourmet Group'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 )
	=	123.053	/	( ( (688.549 - 194.845)	+	(835.154 - 239.186) )	/ 2 )
	=	123.053	/	( (493.704	+	595.968)	/ 2 )
	=	123.053	/	544.836
	=	22.59 %

Taste Gourmet Group'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	/	( ( (835.154 - 239.186)	+	(893.517 - 289.545) )	/ 2 )
	=	0	/	( ( 595.968	+	603.972 )	/ 2 )
	=	0	/	599.97
	=	0.00 %

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

Taste Gourmet Group (HKSE:08371) 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.

Taste Gourmet Group ROCE % Related Terms

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Taste Gourmet Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Taste Gourmet Group Ltd (HKSE:08371) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

99-101 Jervois Street, Unit B, 24th Floor, Crawford Tower, Sheung Wan, Hong Kong, HKG

Website

http://www.tastegourmet.com.hk

Taste Gourmet Group Ltd operates as a holding company. Along with its subsidiaries, it is engaged in operating restaurants serving different kinds of cuisines in Hong Kong and the People's Republic of China (PRC). The restaurants operated by the group offer Vietnamese, Japanese, Chinese, Western cuisines, and other cuisines. Its restaurant's brands comprise La'taste Vietnamese Cuisine, Rakuraku Ramen, Dab-Pa Peking and Szechuan Cuisine, Dab-Pa Peking and Szechuan Bistro, Urawa Japanese Restaurant, Nabe Urawa and Say Cheese, and others. Geographically, the company derives a majority of its revenue from Hong Kong.

Executives

Ikeab Limited	2101 Beneficial owner
Chan Wai Chun	2201 Interest of corporation controlled by you
Wong Ngai Shan	2201 Interest of corporation controlled by you

Taste Gourmet Group Headlines

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