Orange Tour Cultural Holding (HKSE:08627) ROCE % : 14.09% (As of Dec. 2023)

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What is Orange Tour Cultural 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. Orange Tour Cultural Holding's annualized ROCE % for the quarter that ended in Dec. 2023 was 14.09%.

Orange Tour Cultural Holding ROCE % Historical Data

The historical data trend for Orange Tour Cultural 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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Orange Tour Cultural Holding ROCE % Chart

Orange Tour Cultural Holding Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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21.99

-1.53

0.80

-3.76

4.09

Orange Tour Cultural Holding 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															0.91	1.00	0.80	0.55	14.09

Orange Tour Cultural Holding ROCE % Calculation

Orange Tour Cultural Holding'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 )
	=	3.917	/	( ( (114.048 - 18.292)	+	(115.536 - 19.887) )	/ 2 )
	=	3.917	/	( (95.756	+	95.649)	/ 2 )
	=	3.917	/	95.7025
	=	4.09 %

Orange Tour Cultural Holding'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 )
	=	13.476	/	( ( (0 - 0)	+	(115.536 - 19.887) )	/ 1 )
	=	13.476	/	( ( 0	+	95.649 )	/ 1 )
	=	13.476	/	95.649
	=	14.09 %

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

Orange Tour Cultural Holding (HKSE:08627) 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.

Orange Tour Cultural Holding ROCE % Related Terms

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Orange Tour Cultural Holding (HKSE:08627) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Orange Tour Cultural Holding Ltd (HKSE:08627) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Composite Building, Xiazhang Village, Yicheng Subdistrict, Jiangsu Province, Yixing, CHN

Website

http://www.otch.com.cn

Orange Tour Cultural Holding Ltd is a marketing services company. The company provides event management services; and design and production services. Its customer base includes government authorities, resident committees, state-owned enterprises, real estate corporations, automobile dealers, crafts companies, artists, and other corporate customers. The company acts as an event manager and provides planning for a variety of cultural, artistic, recreational, and corporate promotional events.

Executives

Carbon Neutral Technology (asia) Investment Holding Group Limited	2101 Beneficial owner
Zhang Shifang	2201 Interest of corporation controlled by you
Qy Investment Holding Limited	2101 Beneficial owner
Song Ruiqing	2201 Interest of corporation controlled by you
Zhou Yang	2201 Interest of corporation controlled by you
Fan Yajun	2201 Interest of corporation controlled by you
Sru Investment Limited	2101 Beneficial owner
Zhou Jianyuan	2202 Interest of your spouse

Orange Tour Cultural Holding (HKSE:08627) Headlines

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