Royal Deluxe Holdings (HKSE:03789) ROCE % : 7.14% (As of Sep. 2023)

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What is Royal Deluxe 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. Royal Deluxe Holdings's annualized ROCE % for the quarter that ended in Sep. 2023 was 7.14%.

Royal Deluxe Holdings ROCE % Historical Data

The historical data trend for Royal Deluxe 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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Royal Deluxe Holdings ROCE % Chart

Royal Deluxe Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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26.12

15.20

15.40

4.07

9.92

Royal Deluxe Holdings Semi-Annual Data
	Mar14	Mar15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial													10.28	-2.18	14.37	5.40	7.14

Royal Deluxe Holdings ROCE % Calculation

Royal Deluxe Holdings's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	29.441	/	( ( (415.713 - 130.136)	+	(405.366 - 97.591) )	/ 2 )
	=	29.441	/	( (285.577	+	307.775)	/ 2 )
	=	29.441	/	296.676
	=	9.92 %

Royal Deluxe Holdings'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 )
	=	22.258	/	( ( (405.366 - 97.591)	+	(429.539 - 113.824) )	/ 2 )
	=	22.258	/	( ( 307.775	+	315.715 )	/ 2 )
	=	22.258	/	311.745
	=	7.14 %

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

Royal Deluxe Holdings (HKSE:03789) 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.

Royal Deluxe Holdings ROCE % Related Terms

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Royal Deluxe Holdings (HKSE:03789) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Royal Deluxe Holdings Ltd (HKSE:03789) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 Shing Yip Street, Unit A, 22nd Floor, T G Place, Kwun Tong, Kowloon, Hong Kong, HKG

Website

https://www.royal-deluxe.com

Royal Deluxe Holdings Ltd is a subcontractor engaged in providing formwork erection as well as related ancillary services. The company also offers fit-out services. The majority of the operations of the group are located in Hong Kong and generate a majority of revenue from the provision of formwork erection and related ancillary services.

Executives

Chao Lai Heng	2201 Interest of corporation controlled by you
Wang Kei Ming	2201 Interest of corporation controlled by you
Wang K M Limited	2101 Beneficial owner

Royal Deluxe Holdings (HKSE:03789) Headlines

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