China-Hongkong Photo Products Holdings (HKSE:01123) ROCE % : 7.81% (As of Sep. 2023)

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What is China-Hongkong Photo Products 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. China-Hongkong Photo Products Holdings's annualized ROCE % for the quarter that ended in Sep. 2023 was 7.81%.

China-Hongkong Photo Products Holdings ROCE % Historical Data

The historical data trend for China-Hongkong Photo Products 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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China-Hongkong Photo Products Holdings ROCE % Chart

China-Hongkong Photo Products Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-6.31

-4.83

5.40

3.41

6.46

China-Hongkong Photo Products 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															1.47	5.39	3.22	9.87	7.81

China-Hongkong Photo Products Holdings ROCE % Calculation

China-Hongkong Photo Products 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 )
	=	47.01	/	( ( (887.689 - 170.995)	+	(913.412 - 173.994) )	/ 2 )
	=	47.01	/	( (716.694	+	739.418)	/ 2 )
	=	47.01	/	728.056
	=	6.46 %

China-Hongkong Photo Products 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 )
	=	58.006	/	( ( (913.412 - 173.994)	+	(923.473 - 178.202) )	/ 2 )
	=	58.006	/	( ( 739.418	+	745.271 )	/ 2 )
	=	58.006	/	742.3445
	=	7.81 %

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

China-Hongkong Photo Products Holdings (HKSE:01123) 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-Hongkong Photo Products Holdings ROCE % Related Terms

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China-Hongkong Photo Products Holdings (HKSE:01123) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » China-Hongkong Photo Products Holdings Ltd (HKSE:01123) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

220-248 Texaco Road, 8th Floor, Tsuen Wan Industrial Centre, Tsuen Wan, Hong Kong, HKG

Website

http://www.chinahkphoto.com.hk

China-Hongkong Photo Products Holdings Ltd is an investment holding company. The company's operating segment includes Merchandise; Service; Investment and Corporate and 0thers. Its Merchandise segment is engaged in the marketing and distribution of photographic developing, processing and printing products as well as the sale of photographic merchandise, skincare products, consumer electronic products, and household appliances. It generates maximum revenue from the Merchandise segment. Geographically, it derives a majority of revenue from Hong Kong and also has a presence in the People's Republic of China.

Executives

Tricor Equity Trustee Limited	2301 Trustee
Sun Tai Lun
Sun Tao Hsi, Ryan	2305 Beneficiary of a trust

China-Hongkong Photo Products Holdings (HKSE:01123) Headlines

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