Ocean One Holding (HKSE:08476) ROCE % : 17.72% (As of Sep. 2024)

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What is Ocean One Holding 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. Ocean One Holding's annualized ROCE % for the quarter that ended in Sep. 2024 was 17.72%.

Ocean One Holding ROCE % Historical Data

The historical data trend for Ocean One Holding'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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Ocean One Holding ROCE % Chart

Ocean One Holding Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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17.63

22.10

25.79

28.60

19.96

Ocean One Holding 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															21.82	22.77	20.49	-	17.72

Ocean One Holding ROCE % Calculation

Ocean One Holding'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 )
	=	49.361	/	( ( (250.127 - 17.087)	+	(274.528 - 13.056) )	/ 2 )
	=	49.361	/	( (233.04	+	261.472)	/ 2 )
	=	49.361	/	247.256
	=	19.96 %

Ocean One Holding'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 )
	=	47.116	/	( ( (274.528 - 13.056)	+	(286.506 - 16.184) )	/ 2 )
	=	47.116	/	( ( 261.472	+	270.322 )	/ 2 )
	=	47.116	/	265.897
	=	17.72 %

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

Ocean One Holding (HKSE:08476) 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.

Ocean One Holding ROCE % Related Terms

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Ocean One Holding Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Ocean One Holding Ltd (HKSE:08476) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

36-44 Pak Tin Par Street, Unit B, 5th Floor, Goodwill Industrial Building, Tsuen Wan, Hong Kong, HKG

Website

https://www.oceanoneholding.com

Ocean One Holding Ltd is a frozen seafood importer and wholesaler in Hong Kong. The company offers frozen seafood products sourced from suppliers located overseas to Frozen Seafood Resellers and Frozen Seafood Catering Service Providers. The company offers a diverse and wide range of frozen seafood products which include prawns, scallops, oysters, surf clams, fishes, crabs, roe, octopuses, cuttlefishes, and others. Geographically, the company derives the majority of its revenue from Hong Kong.

Executives

Karlson Holding Limited	2101 Beneficial owner
Chan Kin Fung	2201 Interest of corporation controlled by you
Tse Chun Ha Amy	2202 Interest of your spouse

Ocean One Holding Headlines

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