Sino Golf Holdings (HKSE:00361) ROCE % : -2.63% (As of Dec. 2023)

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What is Sino Golf 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. Sino Golf Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was -2.63%.

Sino Golf Holdings ROCE % Historical Data

The historical data trend for Sino Golf 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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Sino Golf Holdings ROCE % Chart

Sino Golf Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-3.17

-1.87

-3.30

2.55

-2.31

Sino Golf Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-3.35	1.89	3.21	-2.00	-2.63

Sino Golf Holdings ROCE % Calculation

Sino Golf Holdings's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-6.907	/	( ( (488.612 - 179.74)	+	(388.333 - 99.198) )	/ 2 )
	=	-6.907	/	( (308.872	+	289.135)	/ 2 )
	=	-6.907	/	299.0035
	=	-2.31 %

Sino Golf Holdings's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-7.73	/	( ( (446.589 - 147.589)	+	(388.333 - 99.198) )	/ 2 )
	=	-7.73	/	( ( 299	+	289.135 )	/ 2 )
	=	-7.73	/	294.0675
	=	-2.63 %

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

Sino Golf Holdings (HKSE:00361) 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.

Sino Golf Holdings ROCE % Related Terms

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Sino Golf Holdings (HKSE:00361) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Sino Golf Holdings Ltd (HKSE:00361) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

11 Hoi Shing Road, Room 4501, One Midtown, Tsuen Wan, Hong Kong, HKG

Website

https://www.sinogolf.com

Sino Golf Holdings Ltd is an investment holding company. The principal activities of the group are manufacturing and trading golf equipment, golf bags, and accessories and the development of integrated resorts in the Commonwealth of the Northern Mariana Islands. The company's operating segments are Golf equipment which is involved in the Manufacture and sales of golf equipment and related components and parts; Golf bags which is involved in the manufacture and sales of golf bags, other accessories, and related components and parts; and Hospitality is involved in the development of the integrated resort in the CNMI. Geographically, the group has a business presence in North America, Japan, Europe, Asia, and Other countries.

Executives

So Kit Yee Anita	2501 Other
Lau Wun Man	2501 Other
Surplus Excel Limited	2101 Beneficial owner
Prominent Victory Limited	2201 Interest of corporation controlled by you
Wealth Sailor Limited	2101 Beneficial owner
Huang Youlong	2201 Interest of corporation controlled by you
Zhao Wei	2202 Interest of your spouse
China Huarong International Holdings Ltd	2201 Interest of corporation controlled by you
Wise Choice Ventures Limited	2106 Person having a security interest in shares
Zhong Guo Hua Rong Zi Chan Guan Li Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you

Sino Golf Holdings (HKSE:00361) Headlines

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