APAC Resources (HKSE:01104) ROCE % : 30.98% (As of Dec. 2023)

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What is APAC Resources 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. APAC Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was 30.98%.

APAC Resources ROCE % Historical Data

The historical data trend for APAC Resources'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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APAC Resources ROCE % Chart

APAC Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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17.30

-11.52

33.09

-9.92

-9.00

APAC Resources 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															-11.54	-8.41	-2.54	-15.70	30.98

APAC Resources ROCE % Calculation

APAC Resources's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-345.181	/	( ( (4471.917 - 399.402)	+	(3902.19 - 306.952) )	/ 2 )
	=	-345.181	/	( (4072.515	+	3595.238)	/ 2 )
	=	-345.181	/	3833.8765
	=	-9.00 %

APAC Resources'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 )
	=	1191.748	/	( ( (3902.19 - 306.952)	+	(4497.943 - 400.451) )	/ 2 )
	=	1191.748	/	( ( 3595.238	+	4097.492 )	/ 2 )
	=	1191.748	/	3846.365
	=	30.98 %

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

APAC Resources (HKSE:01104) 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.

APAC Resources ROCE % Related Terms

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APAC Resources (HKSE:01104) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » APAC Resources Ltd (HKSE:01104) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

APPCF:USA FZV1:Germany

Address

138 Gloucester Road, Allied Kajima Building, Wanchai, Room 2304, 23rd Floor, Hong Kong, HKG

Website

http://www.apacresources.com

APAC Resources Ltd is an investment holding company principally engaged in the commodity trading business and natural source investment business. The company operates through three business segments namely Commodity Business which includes trading of commodities, Resource investment which is engaged in the trading of and investment in listed and unlisted securities and Principal investment and financial services which engaged in the provision of loan financing and investments in loan notes, convertible notes, and other financial assets. The company generates maximum revenue from Commodity Business segment.

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