The Hour Glass (The Hour Glass) ROCE % : 23.67% (As of Sep. 2023)

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What is The Hour Glass 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. The Hour Glass's annualized ROCE % for the quarter that ended in Sep. 2023 was 23.67%.

The Hour Glass ROCE % Historical Data

The historical data trend for The Hour Glass'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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The Hour Glass ROCE % Chart

The Hour Glass Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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16.32

15.07

15.80

25.60

26.87

The Hour Glass Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial															20.70	31.50	26.04	29.15	23.67

The Hour Glass ROCE % Calculation

The Hour Glass's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	168.222	/	( ( (804.741 - 178.238)	+	(787.728 - 162.098) )	/ 2 )
	=	168.222	/	( (626.503	+	625.63)	/ 2 )
	=	168.222	/	626.0665
	=	26.87 %

The Hour Glass's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	148.642	/	( ( (787.728 - 162.098)	+	(773.045 - 142.979) )	/ 2 )
	=	148.642	/	( ( 625.63	+	630.066 )	/ 2 )
	=	148.642	/	627.848
	=	23.67 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2023) EBIT data.

The Hour Glass (GREY:HRGSF) 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.

The Hour Glass ROCE % Related Terms

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The Hour Glass (The Hour Glass) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » The Hour Glass Ltd (GREY:HRGSF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

AGS:Singapore

Address

302 Orchard Road, No. 11-01 Tong Building, Singapore, SGP, 238862

Website

https://www.thehourglass.com

The Hour Glass Ltd is a Singapore-based investment holding company. The company is engaged in the retailing and distribution of watches, jewellery and other luxury products. It also invests in properties. The company's geographical segments include South East Asia and Oceania; and North East Asia. It generates maximum revenue from South East Asia and Oceania segment. Some of its brands include A. Lange & Sohne, Blancpain, Cartier, Hublot, Rolex, and others.

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