AMS Public Transport Holdings (HKSE:00077) ROCE % : -9.46% (As of Sep. 2023)

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What is AMS Public Transport 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. AMS Public Transport Holdings's annualized ROCE % for the quarter that ended in Sep. 2023 was -9.46%.

AMS Public Transport Holdings ROCE % Historical Data

The historical data trend for AMS Public Transport 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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AMS Public Transport Holdings ROCE % Chart

AMS Public Transport Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-11.81

-12.59

9.42

-4.88

23.23

AMS Public Transport 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															5.42	-17.45	29.48	18.29	-9.46

AMS Public Transport Holdings ROCE % Calculation

AMS Public Transport 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 )
	=	47.131	/	( ( (329.979 - 122.353)	+	(282.738 - 84.581) )	/ 2 )
	=	47.131	/	( (207.626	+	198.157)	/ 2 )
	=	47.131	/	202.8915
	=	23.23 %

AMS Public Transport 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 )
	=	-16.798	/	( ( (282.738 - 84.581)	+	(212.903 - 56.071) )	/ 2 )
	=	-16.798	/	( ( 198.157	+	156.832 )	/ 2 )
	=	-16.798	/	177.4945
	=	-9.46 %

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

AMS Public Transport Holdings (HKSE:00077) 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.

AMS Public Transport Holdings ROCE % Related Terms

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AMS Public Transport Holdings (HKSE:00077) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » AMS Public Transport Holdings Ltd (HKSE:00077) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

223 Aberdeen Main Road, 11th-12th Floor, Abba Commercial Building, Aberdeen, Hong Kong, HKG

Website

http://www.amspt.com

AMS Public Transport Holdings Ltd is a Hong Kong-based investment holding company involved in the transport business. The company and its subsidiaries are principally engaged in the provision of the franchised public light bus (PLB) and residents' bus services. The primary revenue source for the company is the provision of franchised PLB transportation services. The operating segment of the Group is the franchised PLB and residents' bus services. The group operates in Hong Kong.

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