Plateau Treasures (HKSE:08402) ROCE % : -11.29% (As of Dec. 2023)

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What is Plateau Treasures 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. Plateau Treasures's annualized ROCE % for the quarter that ended in Dec. 2023 was -11.29%.

Plateau Treasures ROCE % Historical Data

The historical data trend for Plateau Treasures'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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Plateau Treasures ROCE % Chart

Plateau Treasures Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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23.52

-10.79

-33.78

-40.26

-11.33

Plateau Treasures Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-59.41	-25.53	-30.54	20.58	-11.29

Plateau Treasures ROCE % Calculation

Plateau Treasures'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 )
	=	-7.786	/	( ( (103.736 - 36.577)	+	(109.206 - 38.958) )	/ 2 )
	=	-7.786	/	( (67.159	+	70.248)	/ 2 )
	=	-7.786	/	68.7035
	=	-11.33 %

Plateau Treasures'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-7.928	/	( ( (0 - 0)	+	(109.206 - 38.958) )	/ 1 )
	=	-7.928	/	( ( 0	+	70.248 )	/ 1 )
	=	-7.928	/	70.248
	=	-11.29 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Plateau Treasures (HKSE:08402) 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.

Plateau Treasures ROCE % Related Terms

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Plateau Treasures (HKSE:08402) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Plateau Treasures Ltd (HKSE:08402) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

110 Woodlands Industrial Park E3, Singapore, SGP, 757842

Website

https://www.8402.com.hk

Plateau Treasures Ltd is an independent structural steel manufacturer. It is a professional steel structure engineering company that innovatively designs, supplies, manufactures, and installs a variety of standardized and customized steel structures.

Executives

Million Treasure International Holdings Limited	2101 Beneficial owner
Zhang Zhang	2201 Interest of corporation controlled by you
Broadbville Limited	2101 Beneficial owner
Koh Siew Khing	2202 Interest of your spouse
Ong Cheng Yew	2201 Interest of corporation controlled by you

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