Be Friends Holding (HKSE:01450) ROCE % : 70.26% (As of Dec. 2023)

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What is Be Friends Holding 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. Be Friends Holding's annualized ROCE % for the quarter that ended in Dec. 2023 was 70.26%.

Be Friends Holding ROCE % Historical Data

The historical data trend for Be Friends Holding'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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Be Friends Holding ROCE % Chart

Be Friends Holding Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-30.66

-56.08

-49.28

6.53

64.36

Be Friends Holding 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															-70.57	-41.05	53.20	59.77	70.26

Be Friends Holding ROCE % Calculation

Be Friends Holding'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 )
	=	168.186	/	( ( (499.067 - 355.289)	+	(825.351 - 446.464) )	/ 2 )
	=	168.186	/	( (143.778	+	378.887)	/ 2 )
	=	168.186	/	261.3325
	=	64.36 %

Be Friends Holding'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 )
	=	219.708	/	( ( (645.233 - 398.664)	+	(825.351 - 446.464) )	/ 2 )
	=	219.708	/	( ( 246.569	+	378.887 )	/ 2 )
	=	219.708	/	312.728
	=	70.26 %

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

Be Friends Holding (HKSE:01450) 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.

Be Friends Holding ROCE % Related Terms

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Be Friends Holding (HKSE:01450) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Be Friends Holding Ltd (HKSE:01450) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 10 Jiachuang Road, Building H8, Privy Council, Tongzhou District, Opto-Mechatronics Industrial Park, Beijing, CHN, 101111

Website

http://www.css-group.net

Be Friends Holding Ltd Formerly Century Sage Scientific Holdings Ltd is an investment holding company principally engaged in the provision of television (TV) broadcast application solutions, including production, broadcast, and transmission solutions. The company is also engaged in the provision of sports event broadcast services and system maintenance services, as well as the development and sales of equipment. The company's segments include New media services; Application solutions; System maintenance services; and Sales of self-developed products. It derives the majority of its revenue from the New media services segment.

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