China Fortune Investments (Holding) (STU:NLY5) ROCE % : -4.90% (As of Jun. 2021)

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What is China Fortune Investments (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. China Fortune Investments (Holding)'s annualized ROCE % for the quarter that ended in Jun. 2021 was -4.90%.

China Fortune Investments (Holding) ROCE % Historical Data

The historical data trend for China Fortune Investments (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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China Fortune Investments (Holding) ROCE % Chart

China Fortune Investments (Holding) Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

ROCE %

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6.61

6.19

-7.48

-65.64

277.27

China Fortune Investments (Holding) Quarterly Data
	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21
ROCE %	Get a 7-Day Free Trial															-	-	672.70	-6.90	-4.90

China Fortune Investments (Holding) ROCE % Calculation

China Fortune Investments (Holding)'s annualized ROCE % for the fiscal year that ended in Dec. 2020 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	22.564	/	( ( (18.873 - 16.445)	+	(17.194 - 3.346) )	/ 2 )
	=	22.564	/	( (2.428	+	13.848)	/ 2 )
	=	22.564	/	8.138
	=	277.27 %

China Fortune Investments (Holding)'s ROCE % of for the quarter that ended in Jun. 2021 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2021 )		(Q: Mar. 2021 )		(Q: Jun. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2021 )		(Q: Mar. 2021 )		(Q: Jun. 2021 )
	=	-0.664	/	( ( (0 - 0)	+	(14.838 - 1.296) )	/ 1 )
	=	-0.664	/	( ( 0	+	13.542 )	/ 1 )
	=	-0.664	/	13.542
	=	-4.90 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2021) EBIT data.

China Fortune Investments (Holding) (STU:NLY5) 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.

China Fortune Investments (Holding) ROCE % Related Terms

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China Fortune Investments (Holding) (STU:NLY5) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » China Fortune Investments (Holding) Ltd (STU:NLY5) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

168-200 Connaught Road Central, Shops 212-213, 2nd Floor, Shun tak Centre, Sheung Wan, Hong Kong, HKG

Website

https://www.cfihk.com.hk

China Fortune Investments (Holding) Ltd is an investment holding company, engages in the wholesale and retail of wines and cigars and golf products in Hong Kong. The company offers red wines, white wines, champagnes, whiskeys and other liquors and spirits; and golf-related products, such as golf clubs, balls, shoes, gloves, clothing and other accessories of various brands. It operates through the following segments: Sale of Wine and Cigar; Sale of Golf Products; Sale of Watch and Jewellery; Provision of Money Lending Services, and Others. The firm's Wine and Cigar segment generate major revenue for the firm.

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