Symphony Holdings (HKSE:01223) ROCE % : -3.47% (As of Dec. 2023)

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What is Symphony 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. Symphony Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was -3.47%.

Symphony Holdings ROCE % Historical Data

The historical data trend for Symphony 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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Symphony Holdings ROCE % Chart

Symphony Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.21

-3.22

2.12

-0.27

-2.78

Symphony 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															3.05	1.00	-1.67	-2.15	-3.47

Symphony Holdings ROCE % Calculation

Symphony 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 )
	=	-109.423	/	( ( (5138.087 - 880.815)	+	(4881.44 - 1259.086) )	/ 2 )
	=	-109.423	/	( (4257.272	+	3622.354)	/ 2 )
	=	-109.423	/	3939.813
	=	-2.78 %

Symphony 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 )
	=	-130.812	/	( ( (4895.719 - 973.843)	+	(4881.44 - 1259.086) )	/ 2 )
	=	-130.812	/	( ( 3921.876	+	3622.354 )	/ 2 )
	=	-130.812	/	3772.115
	=	-3.47 %

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

Symphony Holdings (HKSE:01223) 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.

Symphony Holdings ROCE % Related Terms

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Symphony Holdings (HKSE:01223) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Symphony Holdings Ltd (HKSE:01223) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 510 King’s Road, 10th Floor, Island Place Tower, North Point, Hong Kong, HKG

Website

https://www.symphonyholdings.com

Symphony Holdings Ltd. is engaged in the retailing and sourcing of consumer goods. The segments in which the company operates include Retailing, Branding and Financial services. Majority of revenue is derived from retailing segment. Retailing segment includes management and operation of outlet malls and property investment and holding. The company's business activity is operated from China, Taiwan, Hong Kong, the United States, Other Asian countries, and other countries.

Executives

Cheng Tun Nei	2201 Interest of corporation controlled by you
Li Wa Hei	2202 Interest of your spouse
Goldsilk Capital Limited	2101 Beneficial owner
Or Ching Fai	2101 Beneficial owner
Wong Lai Ning	2202 Interest of your spouse

Symphony Holdings (HKSE:01223) Headlines

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