Fullshare Holdings (HKSE:00607) ROCE % : 6.00% (As of Jun. 2023)

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What is Fullshare 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. Fullshare Holdings's annualized ROCE % for the quarter that ended in Jun. 2023 was 6.00%.

Fullshare Holdings ROCE % Historical Data

The historical data trend for Fullshare 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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Fullshare Holdings ROCE % Chart

Fullshare Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-8.25

1.25

-7.02

6.39

2.73

Fullshare 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															-14.69	6.86	6.36	6.00	-0.73

Fullshare Holdings ROCE % Calculation

Fullshare Holdings's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	1772.124	/	( ( (55836.082 - 28343.843)	+	(61675.969 - 33704.139) )	/ 2 )
	=	1772.124	/	( (27492.239	+	27971.83)	/ 2 )
	=	1772.124	/	27732.0345
	=	6.39 %

Fullshare Holdings's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	1716.322	/	( ( (61675.969 - 33704.139)	+	(61806.121 - 32595.945) )	/ 2 )
	=	1716.322	/	( ( 27971.83	+	29210.176 )	/ 2 )
	=	1716.322	/	28591.003
	=	6.00 %

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

Fullshare Holdings (HKSE:00607) 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.

Fullshare Holdings ROCE % Related Terms

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Fullshare Holdings (HKSE:00607) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Fullshare Holdings Ltd (HKSE:00607) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

18 Harcourt Road, Unit 2805, Level 28, Admiralty Centre Tower 1, Admiralty, Hong Kong, HKG

Website

https://www.fullshare.com

Fullshare Holdings Ltd is an investment holding company. The company operates through the following segments: properties; tourism; healthcare, education, and others; Investment and financial services; and New energy. The company derives the majority of its revenue from the new energy segment that involves the research, development, manufacture, and distribution of mechanical transmission equipment used in wind power and a wide range of industrial applications. Its geographical segments are China, the United States, Europe, Australia, and other countries. China accounts for the majority of the company's annual revenue.

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