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Wing Lee Development Construction Holdings (HKSE:09639) ROCE % : 0.00% (As of Mar. 2024)


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What is Wing Lee Development Construction Holdings 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 Lee Development Construction Holdings's annualized ROCE % for the quarter that ended in Mar. 2024 was 0.00%.

Wing Lee Development Construction Holdings ROCE % Historical Data

The historical data trend for Wing Lee Development Construction Holdings'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 Lee Development Construction Holdings ROCE % Chart

Wing Lee Development Construction Holdings Annual Data
Trend Mar22 Mar23 Mar24
ROCE %
74.77 43.18 61.01

Wing Lee Development Construction Holdings Quarterly Data
Mar22 Mar23 Mar24 Sep24
ROCE % - - - -

Wing Lee Development Construction Holdings ROCE % Calculation

Wing Lee Development Construction Holdings'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 )
=95.283/( ( (258.385 - 124.881) + (365.777 - 186.945) )/ 2 )
=95.283/( (133.504+178.832)/ 2 )
=95.283/156.168
=61.01 %

Wing Lee Development Construction Holdings's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2024 )  (Q: Mar. 2023 )(Q: Mar. 2024 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2024 )  (Q: Mar. 2023 )(Q: Mar. 2024 )
=0/( ( (258.385 - 124.881) + (365.777 - 186.945) )/ 2 )
=0/( ( 133.504 + 178.832 )/ 2 )
=0/156.168
=0.00 %

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

* 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.

Wing Lee Development Construction Holdings  (HKSE:09639) 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 Lee Development Construction Holdings Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Wing Lee Development Construction Holdings Ltd (HKSE:09639) » Definitions » ROCE %
Comparable Companies
Traded in Other Exchanges
N/A
Address
No. 3 Hoi Shing Road, Room A6, 16th Floor, TML Tower, Tsuen Wan, Hong Kong, HKG
Website
https://www.winglee.com.hk
Wing Lee Development Construction Holdings Ltd is an established contractor in Hong Kong engaged in civil and electrical cable engineering and solar PV system works. Its civil engineering works specialize in site formation works and road and drainage works, and its electrical cable engineering works specialize in cable trenching, laying and jointing works. For solar PV system works, the company specializes in the design, installation and maintenance works of solar PV systems. The majority of revenue is derived from civil engineering works.

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