Pokfulam Development Co (HKSE:00225) ROCE % : -6.79% (As of Sep. 2023)

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What is Pokfulam Development Co 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. Pokfulam Development Co's annualized ROCE % for the quarter that ended in Sep. 2023 was -6.79%.

Pokfulam Development Co ROCE % Historical Data

The historical data trend for Pokfulam Development Co'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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Pokfulam Development Co ROCE % Chart

Pokfulam Development Co Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

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2.65

-0.87

2.69

0.48

-2.86

Pokfulam Development Co 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															4.85	0.69	0.26	1.04	-6.79

Pokfulam Development Co ROCE % Calculation

Pokfulam Development Co's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	-155.033	/	( ( (5908.025 - 373.382)	+	(5749.1 - 441.17) )	/ 2 )
	=	-155.033	/	( (5534.643	+	5307.93)	/ 2 )
	=	-155.033	/	5421.2865
	=	-2.86 %

Pokfulam Development Co'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 )
	=	-367.716	/	( ( (5952.145 - 430.431)	+	(5749.1 - 441.17) )	/ 2 )
	=	-367.716	/	( ( 5521.714	+	5307.93 )	/ 2 )
	=	-367.716	/	5414.822
	=	-6.79 %

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

Pokfulam Development Co (HKSE:00225) 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.

Pokfulam Development Co ROCE % Related Terms

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Pokfulam Development Co (HKSE:00225) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Pokfulam Development Co Ltd (HKSE:00225) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

93-107 Lockhart Road, 23rd Floor, Beverly House, Wanchai, Hong Kong, HKG

Website

https://www.pokfulam.com.hk

Pokfulam Development Co Ltd is a property investment and investment holding company. The company operates mainly in three business segments: Property Investment and Management segment is engaged in the letting and management of commercial industrial and residential properties; Trading of Goods segment is involved in the trading of visual and sound equipment, and home appliances; and Securities Investment segment deals in listed securities. The majority of its revenue is derived from Property Investment and Management. The company's portfolio includes residential developments as well as commercial and industrial buildings. All of its revenues are generated in Hong Kong.

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