Dickson Concepts (International) (HKSE:00113) ROCE % : 13.07% (As of Sep. 2023)

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What is Dickson Concepts (International) 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. Dickson Concepts (International)'s annualized ROCE % for the quarter that ended in Sep. 2023 was 13.07%.

Dickson Concepts (International) ROCE % Historical Data

The historical data trend for Dickson Concepts (International)'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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Dickson Concepts (International) ROCE % Chart

Dickson Concepts (International) Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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15.57

21.50

15.00

7.10

8.30

Dickson Concepts (International) 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															8.48	5.59	10.18	6.56	13.07

Dickson Concepts (International) ROCE % Calculation

Dickson Concepts (International)'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 )
	=	325.092	/	( ( (5808.155 - 1882.129)	+	(5599.964 - 1689.61) )	/ 2 )
	=	325.092	/	( (3926.026	+	3910.354)	/ 2 )
	=	325.092	/	3918.19
	=	8.30 %

Dickson Concepts (International)'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 )
	=	513.02	/	( ( (5599.964 - 1689.61)	+	(5585.831 - 1645.645) )	/ 2 )
	=	513.02	/	( ( 3910.354	+	3940.186 )	/ 2 )
	=	513.02	/	3925.27
	=	13.07 %

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

Dickson Concepts (International) (HKSE:00113) 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.

Dickson Concepts (International) ROCE % Related Terms

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Dickson Concepts (International) (HKSE:00113) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Dickson Concepts (International) Ltd (HKSE:00113) » Definitions » ROCE %

Traded in Other Exchanges

DCOHF:USA

Address

98 Granville Road, 4th Floor East Ocean Centre, Tsimshatsui East, Kowloon, Hong Kong, HKG

Website

https://www.dickson.com.hk

Dickson Concepts (International) Ltd is a Hong Kong-based investment holding company engaged in the manufacturing and distribution of luxury lighters, writing instruments, leather goods, accessories, ready-to-wear clothing, watches and fragrances. The group manages its businesses under two divisions namely, the Luxury Goods and Securities Investment business, of which it generates a majority of revenue from the Luxury goods segment. Geographically the firm has its presence in Hong Kong, Taiwan and other territories, of which key revenue is generated from Hong Kong. The Luxury goods segment includes the sale of luxury goods to retail and wholesale customers and net income from concession and consignment sales.

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