Justin Allen Holdings (HKSE:01425) ROCE % : 49.92% (As of Dec. 2023)

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What is Justin Allen 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. Justin Allen Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 49.92%.

Justin Allen Holdings ROCE % Historical Data

The historical data trend for Justin Allen 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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Justin Allen Holdings ROCE % Chart

Justin Allen Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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29.49

35.86

40.69

38.55

33.68

Justin Allen Holdings Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial								64.89	18.90	62.32	17.12	49.92

Justin Allen Holdings ROCE % Calculation

Justin Allen Holdings'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 )
	=	234.654	/	( ( (822.848 - 174.64)	+	(940.413 - 195.083) )	/ 2 )
	=	234.654	/	( (648.208	+	745.33)	/ 2 )
	=	234.654	/	696.769
	=	33.68 %

Justin Allen Holdings'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 )
	=	355.652	/	( ( (919.567 - 239.959)	+	(940.413 - 195.083) )	/ 2 )
	=	355.652	/	( ( 679.608	+	745.33 )	/ 2 )
	=	355.652	/	712.469
	=	49.92 %

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

Justin Allen Holdings (HKSE:01425) 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.

Justin Allen Holdings ROCE % Related Terms

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Justin Allen Holdings (HKSE:01425) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Justin Allen Holdings Ltd (HKSE:01425) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

483A Castle Peak Road, 31st Floor, Excel Centre, Cheung Sha Wan, Hong Kong, HKG

Website

https://www.justinallengroup.com

Justin Allen Holdings Ltd engages in OEM garment manufacturing specializing in the production of sleepwear and loungewear products. The company offers one-stop apparel solutions comprising raw materials sourcing and greige fabric production, fabric design, and development, as well as fashion design. It derives revenue from manufacturing and sales of sleepwear products, loungewear products, and greige fabric. Its operations are spread across the United States of America, United Kingdom, Ireland, Canada, The PRC, Spain, and Cambodia.

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