China In-Tech (HKSE:00464) ROCE % : -43.75% (As of Sep. 2023)

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What is China In-Tech 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. China In-Tech's annualized ROCE % for the quarter that ended in Sep. 2023 was -43.75%.

China In-Tech ROCE % Historical Data

The historical data trend for China In-Tech'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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China In-Tech ROCE % Chart

China In-Tech Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-26.82

-27.82

-21.27

-11.97

-85.59

China In-Tech 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															-24.07	2.68	-54.82	-121.31	-43.75

China In-Tech ROCE % Calculation

China In-Tech'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 )
	=	-45.119	/	( ( (181.013 - 104.276)	+	(72.774 - 44.077) )	/ 2 )
	=	-45.119	/	( (76.737	+	28.697)	/ 2 )
	=	-45.119	/	52.717
	=	-85.59 %

China In-Tech'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 )
	=	-16.174	/	( ( (72.774 - 44.077)	+	(96.431 - 51.191) )	/ 2 )
	=	-16.174	/	( ( 28.697	+	45.24 )	/ 2 )
	=	-16.174	/	36.9685
	=	-43.75 %

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

China In-Tech (HKSE:00464) 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.

China In-Tech ROCE % Related Terms

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China In-Tech (HKSE:00464) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » China In-Tech Ltd (HKSE:00464) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

18 Queen’s Road Central, New World Tower 1, Unit 2302, 23rd Floor, Central, Hong Kong, HKG

Website

http://www.co-nuoxin.com

China In-Tech Ltd Formerly China Overseas Nuoxin International Holdings Ltd engages in the design, manufacture, and sale of electrical haircare and healthcare products. Its product portfolio includes Hair dryer, Straightener, Curling tong, Hot air styler, Mini vac cleaner, Facial sauna, Electric massager, Derma cleanser, and other small household electrical appliances. The firm also engages in the design, manufacture, and sale of motors; and the provision of contract processing services. The group's revenue is mainly derived from customers located in Europe, Asia, North and South America, Australia, and Africa, of which a majority of revenue is derived from Europe.

Executives

China Yuen Capital Limited	2101 Beneficial owner
Li Yuelan	2201 Interest of corporation controlled by you
Liu Xuezhong	2201 Interest of corporation controlled by you
Luckever Holdings Limited	2201 Interest of corporation controlled by you
Donghai International Financial Holdings Company Limited	2106 Person having a security interest in shares
Feng Xinhe	2101 Beneficial owner
Dong Hai Zheng Quan Gu Fen You Xian Gong Si	2106 Person having a security interest in shares
Te Shu Ji Yu Si Mu Tou Zi Ji Jin Hao

China In-Tech (HKSE:00464) Headlines

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