Sino ICT Holdings (HKSE:00365) ROCE % : -3.93% (As of Dec. 2023)

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What is Sino ICT 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. Sino ICT Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was -3.93%.

Sino ICT Holdings ROCE % Historical Data

The historical data trend for Sino ICT 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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Sino ICT Holdings ROCE % Chart

Sino ICT Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.50

10.17

14.70

-2.99

-6.41

Sino ICT Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															6.51	0.15	-5.70	-8.24	-3.93

Sino ICT Holdings ROCE % Calculation

Sino ICT 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 )
	=	-46.395	/	( ( (1157.741 - 340.927)	+	(960.502 - 328.75) )	/ 2 )
	=	-46.395	/	( (816.814	+	631.752)	/ 2 )
	=	-46.395	/	724.283
	=	-6.41 %

Sino ICT 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 )
	=	-27.498	/	( ( (1011.865 - 243.442)	+	(960.502 - 328.75) )	/ 2 )
	=	-27.498	/	( ( 768.423	+	631.752 )	/ 2 )
	=	-27.498	/	700.0875
	=	-3.93 %

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

Sino ICT Holdings (HKSE:00365) 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.

Sino ICT Holdings ROCE % Related Terms

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Sino ICT Holdings (HKSE:00365) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Sino ICT Holdings Ltd (HKSE:00365) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Austin Road West, Tsim Sha Tsui, Unit 02-03, 69th Floor, International Commerce Centre, Kowloon, Hong Kong, HKG

Website

http://www.sino-ict.com

Sino ICT Holdings Ltd is engaged in the research and development, design, manufacture, and distribution of machinery. The group has two operating segments SMT Equipment Manufacturing and Related Business and Securities Investment Business. The company derives the majority of its revenue from SMT Equipment Manufacturing and Related Business. The company mainly operates in Mainland China and Hong Kong.

Sino ICT Holdings (HKSE:00365) Headlines

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