Chen Hsong Holdings (HKSE:00057) ROCE % : 4.14% (As of Sep. 2023)

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What is Chen Hsong 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. Chen Hsong Holdings's annualized ROCE % for the quarter that ended in Sep. 2023 was 4.14%.

Chen Hsong Holdings ROCE % Historical Data

The historical data trend for Chen Hsong 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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Chen Hsong Holdings ROCE % Chart

Chen Hsong Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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4.36

5.40

9.25

7.44

4.93

Chen Hsong Holdings 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															10.50	4.50	5.83	4.35	4.14

Chen Hsong Holdings ROCE % Calculation

Chen Hsong 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 )
	=	160.098	/	( ( (4429.327 - 1106.731)	+	(4149.309 - 980.52) )	/ 2 )
	=	160.098	/	( (3322.596	+	3168.789)	/ 2 )
	=	160.098	/	3245.6925
	=	4.93 %

Chen Hsong 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 )
	=	128.722	/	( ( (4149.309 - 980.52)	+	(3925.071 - 875.252) )	/ 2 )
	=	128.722	/	( ( 3168.789	+	3049.819 )	/ 2 )
	=	128.722	/	3109.304
	=	4.14 %

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

Chen Hsong Holdings (HKSE:00057) 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.

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Chen Hsong Holdings (HKSE:00057) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Chen Hsong Holdings Ltd (HKSE:00057) » Definitions » ROCE %

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CHHGF:USA

Address

18 Whitfield Road, Unit 2001, 20th Floor, Citicorp Centre, Hong Kong, HKG

Website

https://www.chenhsong.com

Chen Hsong Holdings Ltd is an investment holding company it is engaged in the business of manufacture and sale of Plastic injection molding machines and related products. The company's services are used in automotive, packaging, home appliances, consumer electronics, mobile phones, and other businesses. The group operates through the geographic segments of Mainland China and Hong Kong, Taiwan, and Other Overseas Countries. The Mainland China and Hong Kong segment generates maximum revenue for the company.

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