Smart-Core Holdings (HKSE:02166) ROCE % : 20.48% (As of Dec. 2023)

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What is Smart-Core 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. Smart-Core Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 20.48%.

Smart-Core Holdings ROCE % Historical Data

The historical data trend for Smart-Core 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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Smart-Core Holdings ROCE % Chart

Smart-Core Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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15.66

17.64

58.97

47.10

15.65

Smart-Core Holdings Semi-Annual Data
	Dec13	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial														63.97	67.96	22.44	10.06	20.48

Smart-Core Holdings ROCE % Calculation

Smart-Core 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 )
	=	166.273	/	( ( (2860.864 - 1645.968)	+	(1740.297 - 830.417) )	/ 2 )
	=	166.273	/	( (1214.896	+	909.88)	/ 2 )
	=	166.273	/	1062.388
	=	15.65 %

Smart-Core 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 )
	=	212.682	/	( ( (2823.302 - 1655.976)	+	(1740.297 - 830.417) )	/ 2 )
	=	212.682	/	( ( 1167.326	+	909.88 )	/ 2 )
	=	212.682	/	1038.603
	=	20.48 %

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

Smart-Core Holdings (HKSE:02166) 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.

Smart-Core Holdings ROCE % Related Terms

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Smart-Core Holdings (HKSE:02166) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Smart-Core Holdings Ltd (HKSE:02166) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

70 Ta Chuen Ping Street, 15th Floor, Tower B, Regent Centre, Kwai Chung, New Territories, Hong Kong, HKG

Website

https://www.smart-core.com.hk

Smart-Core Holdings Ltd is a distributor of integrated circuit and other electronic components and technology value-added service provider covering multiple market segments such as televisions (TV), optoelectronic displays, smart terminals, memory, security monitoring, communication products, Internet of Things (IoT), optical communications. Its service networks cover majority regions in Mainland China and Southeast Asia, providing diversified supply chain services of semiconductor chips and various electronic components for customers in the electronics industry, as well as corresponding technical solutions, technical support and software services. Its segments include Authorised distribution and Independent distribution.

Executives

Insight Limited	2101 Beneficial owner
Liu Hongbing	2101 Beneficial owner
Wong Tsz Leung	2201 Interest of corporation controlled by you
Smart Ic Limited
Tian Weidong

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