Kwoon Chung Bus Holdings (HKSE:00306) ROCE % : 5.17% (As of Sep. 2023)

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What is Kwoon Chung Bus 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. Kwoon Chung Bus Holdings's annualized ROCE % for the quarter that ended in Sep. 2023 was 5.17%.

Kwoon Chung Bus Holdings ROCE % Historical Data

The historical data trend for Kwoon Chung Bus 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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Kwoon Chung Bus Holdings ROCE % Chart

Kwoon Chung Bus Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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11.46

3.30

-0.56

-2.35

-1.16

Kwoon Chung Bus 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															-3.91	-0.62	-0.11	-2.28	5.17

Kwoon Chung Bus Holdings ROCE % Calculation

Kwoon Chung Bus 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 )
	=	-46.386	/	( ( (5112.795 - 875.388)	+	(4744.268 - 992.39) )	/ 2 )
	=	-46.386	/	( (4237.407	+	3751.878)	/ 2 )
	=	-46.386	/	3994.6425
	=	-1.16 %

Kwoon Chung Bus 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 )
	=	158.95	/	( ( (4744.268 - 992.39)	+	(4624.848 - 2233.66) )	/ 2 )
	=	158.95	/	( ( 3751.878	+	2391.188 )	/ 2 )
	=	158.95	/	3071.533
	=	5.17 %

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

Kwoon Chung Bus Holdings (HKSE:00306) 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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Kwoon Chung Bus Holdings (HKSE:00306) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Kwoon Chung Bus Holdings Ltd (HKSE:00306) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 Chong Fu Road, 3rd Floor, Chai Wan, Hong Kong, HKG

Website

https://www.kcbh.com.hk

Kwoon Chung Bus Holdings Ltd is engaged in transportation businesses. The company's operating segment includes a Non-franchised Bus; Limousine; Franchised Bus and PLB; Mainland China Business and Others. It generates maximum revenue from the Non-franchised bus segment. The Non-franchised bus segment includes the provision of non-franchised bus hire services in Hong Kong, cross-boundary passenger transportation services (other than limousine hire services) between Hong Kong and Mainland China, and other related services.

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