Wing Fung Group Asia (HKSE:08526) ROCE % : 0.00% (As of Jun. 2024)

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What is Wing Fung Group Asia 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. Wing Fung Group Asia's annualized ROCE % for the quarter that ended in Jun. 2024 was 0.00%.

Wing Fung Group Asia ROCE % Historical Data

The historical data trend for Wing Fung Group Asia'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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Wing Fung Group Asia ROCE % Chart

Wing Fung Group Asia Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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28.98

23.38

-19.31

-11.16

-45.92

Wing Fung Group Asia 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															-5.95	5.23	-11.00	-215.52	-

Wing Fung Group Asia ROCE % Calculation

Wing Fung Group Asia'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 )
	=	-38.456	/	( ( (186.244 - 84.618)	+	(130.799 - 64.916) )	/ 2 )
	=	-38.456	/	( (101.626	+	65.883)	/ 2 )
	=	-38.456	/	83.7545
	=	-45.92 %

Wing Fung Group Asia'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	/	( ( (130.799 - 64.916)	+	(123.906 - 55.93) )	/ 2 )
	=	0	/	( ( 65.883	+	67.976 )	/ 2 )
	=	0	/	66.9295
	=	0.00 %

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

Wing Fung Group Asia (HKSE:08526) 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.

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Wing Fung Group Asia Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Wing Fung Group Asia Ltd (HKSE:08526) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Wang Kwong Road, Unit D, 21/F., Tower B, Billion Centre, Kowloon Bay, Kowloon, HKG

Website

https://www.wingfunggroup.com

Wing Fung Group Asia Ltd is an investment holding company principally engaged in the provision of supply, installation, and fitting-out services of MVAC (mechanical ventilation and air-conditioning) systems for buildings. The Company's customers principally consist of main contractors and subcontractors of building projects. The building projects principally consist of infrastructural, commercial, and residential building projects, including offices, hotels, hospitals, data centers, shopping malls, and educational and training institutions. It receives maximum revenue from construction contracts. Geographically, the company derives the majority of its revenue from Hong Kong.

Executives

Wing Fung Capital Limited	2101 Beneficial owner
Chung Chi Keung	2201 Interest of corporation controlled by you

Wing Fung Group Asia Headlines

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