Neo-Concept International Group Holdings (Neo-Concept International Group Holdings) ROCE % : 0.00% (As of Jun. 2023)

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What is Neo-Concept International Group 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. Neo-Concept International Group Holdings's annualized ROCE % for the quarter that ended in Jun. 2023 was 0.00%.

Neo-Concept International Group Holdings ROCE % Historical Data

The historical data trend for Neo-Concept International Group 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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Neo-Concept International Group Holdings ROCE % Chart

Neo-Concept International Group Holdings Annual Data

Trend

Dec20

Dec21

Dec22

ROCE %

Neo-Concept International Group Holdings Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial			-	-	-	-	-

Neo-Concept International Group Holdings ROCE % Calculation

Neo-Concept International Group Holdings's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	2.763	/	( ( (5.158 - 14.783)	+	(5.378 - 13.124) )	/ 2 )
	=	2.763	/	( (-9.625	+	-7.746)	/ 2 )
	=	2.763	/	-8.6855
	=	-31.81 %

Neo-Concept International Group Holdings's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	-0.434	/	( ( (5.378 - 13.124)	+	(11.692 - 11.026) )	/ 2 )
	=	-0.434	/	( ( -7.746	+	0.666 )	/ 2 )
	=	-0.434	/	-3.54
	=	0 %

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

Neo-Concept International Group Holdings (NAS:NCI) 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.

Neo-Concept International Group Holdings ROCE % Related Terms

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Neo-Concept International Group Holdings (Neo-Concept International Group Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Neo-Concept International Group Holdings Ltd (NAS:NCI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

10th floor, Seaview Centre, No.139-141 Hoi Bun Road, Kwun Tong, Kowloon, HKG

Website

https://www.neo-ig.com

Neo-Concept International Group Holdings Ltd is a company whose a one-stop apparel solution services provider. They offer a full suite of services in the apparel supply chain, including market trend analysis, product design and development, raw material sourcing, production and quality control, and logistics management serving customers located in the European, and North American markets through Neo-Concept HK.

Neo-Concept International Group Holdings (Neo-Concept International Group Holdings) Headlines

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