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Sling Group Holdings (HKSE:08285) ROIC % : 0.00% (As of Jun. 2024)


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What is Sling Group Holdings ROIC %?

ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. Sling Group Holdings's annualized return on invested capital (ROIC %) for the quarter that ended in Jun. 2024 was 0.00%.

As of today (2024-12-14), Sling Group Holdings's WACC % is 6.07%. Sling Group Holdings's ROIC % is -20.34% (calculated using TTM income statement data). Sling Group Holdings earns returns that do not match up to its cost of capital. It will destroy value as it grows.


Sling Group Holdings ROIC % Historical Data

The historical data trend for Sling Group Holdings's ROIC % 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.

* Premium members only.

Sling Group Holdings ROIC % Chart

Sling Group Holdings Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROIC %
Get a 7-Day Free Trial Premium Member Only -32.41 -44.36 -36.51 -43.10 -18.15

Sling Group Holdings Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Jun24
ROIC % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -17.29 -32.50 -20.37 19.14 -

Competitive Comparison of Sling Group Holdings's ROIC %

For the Footwear & Accessories subindustry, Sling Group Holdings's ROIC %, along with its competitors' market caps and ROIC % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Sling Group Holdings's ROIC % Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Sling Group Holdings's ROIC % distribution charts can be found below:

* The bar in red indicates where Sling Group Holdings's ROIC % falls into.



Sling Group Holdings ROIC % Calculation

Sling Group Holdings's annualized Return on Invested Capital (ROIC %) for the fiscal year that ended in Dec. 2023 is calculated as:

ROIC % (A: Dec. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (A: Dec. 2022 ) + Invested Capital (A: Dec. 2023 ))/ count )
=-5.564 * ( 1 - -30.67% )/( (39.655 + 40.477)/ 2 )
=-7.2704788/40.066
=-18.15 %

where

Sling Group Holdings's annualized Return on Invested Capital (ROIC %) for the quarter that ended in Jun. 2024 is calculated as:

ROIC % (Q: Jun. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Jun. 2024 ))/ count )
=0 * ( 1 - 0% )/( (40.477 + 28.156)/ 2 )
=0/34.3165
=0.00 %

where

Note: The Operating Income data used here is four times the quarterly (Jun. 2024) 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.


Sling Group Holdings  (HKSE:08285) ROIC % Explanation

ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.

There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.

Why is ROIC % important?

Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.

As of today, Sling Group Holdings's WACC % is 6.07%. Sling Group Holdings's ROIC % is -20.34% (calculated using TTM income statement data).


Be Aware

Like ROE % and ROA %, ROIC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.


Sling Group Holdings ROIC % Related Terms

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Sling Group Holdings Business Description

Traded in Other Exchanges
N/A
Address
64 Hoi Yuen Road, Unit 1, 21st Floor, Yen Sheng Centre, Kwun Tong, Kowloon, Hong Kong, HKG
Sling Group Holdings Ltd is an investment holding company engaged in the design and sale of women's handbags, small leather goods, luggage, and travel goods. Its products of the company include designing, promoting, and selling women's handbags, small leather goods, and travel goods, including handle bags, clutch bags, wallets, coin cases, cardholders, and suitcases in the PRC. It group has a business presence in China and Hong Kong, of which key revenue is derived from China. It brand portfolio of the company comprises two brands namely, Elle, Jessie, and Jane.
Executives
Yen Sheng Investment Limited 2101 Beneficial owner
Li Wing Chi Agnes 2201 Interest of corporation controlled by you
Summit Time Resources Limited 2101 Beneficial owner
Chan Yee Ling Elaine 2202 Interest of your spouse
Hiang Siu Wei Cecilia 2202 Interest of your spouse
Yau Sonny Tai Nin 2201 Interest of corporation controlled by you
Yau Tai Leung Sammy 2201 Interest of corporation controlled by you
Lee Shui Kwai Victor 2202 Interest of your spouse

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