Wang On Properties (HKSE:01243) ROCE % : 9.61% (As of Sep. 2023)

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What is Wang On Properties 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. Wang On Properties's annualized ROCE % for the quarter that ended in Sep. 2023 was 9.61%.

Wang On Properties ROCE % Historical Data

The historical data trend for Wang On Properties'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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Wang On Properties ROCE % Chart

Wang On Properties Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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15.51

9.83

7.30

4.41

4.55

Wang On Properties 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															4.42	4.10	3.26	5.41	9.61

Wang On Properties ROCE % Calculation

Wang On Properties'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 )
	=	344.646	/	( ( (10605.646 - 2775.704)	+	(9746.024 - 2418.746) )	/ 2 )
	=	344.646	/	( (7829.942	+	7327.278)	/ 2 )
	=	344.646	/	7578.61
	=	4.55 %

Wang On Properties'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 )
	=	710.714	/	( ( (9746.024 - 2418.746)	+	(10360.627 - 2893.658) )	/ 2 )
	=	710.714	/	( ( 7327.278	+	7466.969 )	/ 2 )
	=	710.714	/	7397.1235
	=	9.61 %

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

Wang On Properties (HKSE:01243) 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.

Wang On Properties ROCE % Related Terms

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Wang On Properties (HKSE:01243) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Wang On Properties Ltd (HKSE:01243) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

39 Wang Kwong Road, Suite 3201, 32nd Floor, Skyline Tower, Kowloon Bay, Kowloon, Hong Kong, HKG

Website

https://www.woproperties.com

Wang On Properties Ltd is engaged in property development and property investment in Hong Kong. The company's business segments are Property development, Asset management segment, and Property investment. The Property development segment, which is the key revenue-driving segment, engages in the development of properties whereas the Property Investment segment engages in the investment in commercial and industrial premises for rental or for sale. The Asset Management segment earns fee income for managing assets on behalf of the group's capital partners via investment vehicles. The company operates its business in Hong Kong.

Executives

Tang Ching Ho	2201 Interest of corporation controlled by you
Yau Yuk Yin	2202 Interest of your spouse

Wang On Properties (HKSE:01243) Headlines

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