Cross-Harbour (Holdings) (HKSE:00032) ROCE % : -3.43% (As of Dec. 2023)

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What is Cross-Harbour (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. Cross-Harbour (Holdings)'s annualized ROCE % for the quarter that ended in Dec. 2023 was -3.43%.

Cross-Harbour (Holdings) ROCE % Historical Data

The historical data trend for Cross-Harbour (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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Cross-Harbour (Holdings) ROCE % Chart

Cross-Harbour (Holdings) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.90

9.74

0.71

-9.18

4.82

Cross-Harbour (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															-10.07	-3.95	-14.69	13.26	-3.43

Cross-Harbour (Holdings) ROCE % Calculation

Cross-Harbour (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 )
	=	355.563	/	( ( (7840.136 - 782.585)	+	(8515.845 - 828.992) )	/ 2 )
	=	355.563	/	( (7057.551	+	7686.853)	/ 2 )
	=	355.563	/	7372.202
	=	4.82 %

Cross-Harbour (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 )
	=	-262.396	/	( ( (8425.473 - 799.267)	+	(8515.845 - 828.992) )	/ 2 )
	=	-262.396	/	( ( 7626.206	+	7686.853 )	/ 2 )
	=	-262.396	/	7656.5295
	=	-3.43 %

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

Cross-Harbour (Holdings) (HKSE:00032) 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.

Cross-Harbour (Holdings) ROCE % Related Terms

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Cross-Harbour (Holdings) (HKSE:00032) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Cross-Harbour (Holdings) Ltd (HKSE:00032) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

CRHHF:USA

Address

26 Harbour Road, China Resources Building, 25th Floor, Wanchai, Hong Kong, HKG

Website

http://www.crossharbour.com.hk

Cross-Harbour (Holdings) Ltd is a Hong Kong-based company that operates instructional driving schools. The principal activity of the firm is an investment holding with an emphasis on transport infrastructures tunnel operation, the operation of driver training centers, and the operation of electronic toll collection systems. The company's Hong Kong School of Motoring is one of the instructional driving programs in Hong Kong. The School of Motoring provides training for both new and advanced drivers as well as training for commercial operators and public organizations. Fees from its driving school operations represent the majority of the company's revenue.

Executives

Cheung Chung Kiu	2201 Interest of corporation controlled by you
Windsor Dynasty Limited	2201 Interest of corporation controlled by you

Cross-Harbour (Holdings) (HKSE:00032) Headlines

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