Design Capital (HKSE:01545) ROCE % : 11.88% (As of Dec. 2023)

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What is Design Capital 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. Design Capital's annualized ROCE % for the quarter that ended in Dec. 2023 was 11.88%.

Design Capital ROCE % Historical Data

The historical data trend for Design Capital'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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Design Capital ROCE % Chart

Design Capital Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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22.49

17.80

11.47

10.80

8.06

Design Capital Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial									9.44	8.62	13.03	4.32	11.88

Design Capital ROCE % Calculation

Design Capital'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 )
	=	31.964	/	( ( (539.374 - 145.105)	+	(509.575 - 110.472) )	/ 2 )
	=	31.964	/	( (394.269	+	399.103)	/ 2 )
	=	31.964	/	396.686
	=	8.06 %

Design Capital'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 )
	=	46.856	/	( ( (528.236 - 138.739)	+	(509.575 - 110.472) )	/ 2 )
	=	46.856	/	( ( 389.497	+	399.103 )	/ 2 )
	=	46.856	/	394.3
	=	11.88 %

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

Design Capital (HKSE:01545) 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.

Design Capital ROCE % Related Terms

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Design Capital (HKSE:01545) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Design Capital Ltd (HKSE:01545) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

130 Joo Seng Road, No. 07-05, Singapore, SGP, 368357

Website

https://www.designcapital.sg

Design Capital Ltd is an investment holding company. Along with its subsidiaries, the company is engaged in the segments of Interior design, Furniture sales, U.S. furniture sales, and corporate. Furniture sales include both furniture sales and project sales and U.S. furniture sales. It derives prime revenue from the U.S. furniture sales segment which represents online sales of furniture in the U.S. market. Geographically the group has a business presence in the U.S., Singapore, Malaysia, and Brunei.

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