CHTC Fong's International Co (HKSE:00641) ROCE % : -20.26% (As of Dec. 2023)

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What is CHTC Fong's International Co 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. CHTC Fong's International Co's annualized ROCE % for the quarter that ended in Dec. 2023 was -20.26%.

CHTC Fong's International Co ROCE % Historical Data

The historical data trend for CHTC Fong's International Co'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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CHTC Fong's International Co ROCE % Chart

CHTC Fong's International Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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14.84

4.82

11.39

-6.12

-12.95

CHTC Fong's International Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															31.22	-5.51	-6.61	-6.21	-20.26

CHTC Fong's International Co ROCE % Calculation

CHTC Fong's International Co'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 )
	=	-179.799	/	( ( (3964.398 - 2474.914)	+	(3449.021 - 2162.363) )	/ 2 )
	=	-179.799	/	( (1489.484	+	1286.658)	/ 2 )
	=	-179.799	/	1388.071
	=	-12.95 %

CHTC Fong's International Co'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 )
	=	-270.382	/	( ( (3638.338 - 2255.746)	+	(3449.021 - 2162.363) )	/ 2 )
	=	-270.382	/	( ( 1382.592	+	1286.658 )	/ 2 )
	=	-270.382	/	1334.625
	=	-20.26 %

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

CHTC Fong's International Co (HKSE:00641) 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.

CHTC Fong's International Co ROCE % Related Terms

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CHTC Fong's International Co (HKSE:00641) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » CHTC Fong's International Co Ltd (HKSE:00641) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

51 Kwai Cheong Road, Level 13, Tower 2, Kowloon Commerce Centre, Kwai Chung, Hong Kong, HKG

Website

https://www.fongs.com

CHTC Fong's International Co Ltd is engaged in manufacturing machines, equipment, and other related parts. The group through its subsidiaries operates in three reportable segments which include manufacturing and sale of dyeing and finishing machines, trading of stainless steel supplies and Manufacture and sale of stainless steel casting products. Its business activity functions through various geographical regions which include China, Hong Kong, the Asia-Pacific, Europe, North America, South America, and others. While the majority of the company revenues for Fong's Industries are derived through the dyeing and finishing machines segment.

CHTC Fong's International Co (HKSE:00641) Headlines

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