Champion Alliance International Holdings (HKSE:01629) ROCE % : 14.17% (As of Jun. 2023)

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What is Champion Alliance International 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. Champion Alliance International Holdings's annualized ROCE % for the quarter that ended in Jun. 2023 was 14.17%.

Champion Alliance International Holdings ROCE % Historical Data

The historical data trend for Champion Alliance International 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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Champion Alliance International Holdings ROCE % Chart

Champion Alliance International Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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14.90

11.76

25.20

13.49

4.17

Champion Alliance International Holdings Semi-Annual Data
	Dec13	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial														28.45	19.26	8.85	14.17	-6.07

Champion Alliance International Holdings ROCE % Calculation

Champion Alliance International Holdings's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	59.411	/	( ( (818.984 - 369.996)	+	(502.86 - 70.819) )	/ 2 )
	=	59.411	/	( (448.988	+	432.041)	/ 2 )
	=	59.411	/	440.5145
	=	13.49 %

Champion Alliance International Holdings's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	59.66	/	( ( (502.86 - 70.819)	+	(485.762 - 75.908) )	/ 2 )
	=	59.66	/	( ( 432.041	+	409.854 )	/ 2 )
	=	59.66	/	420.9475
	=	14.17 %

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

Champion Alliance International Holdings (HKSE:01629) 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.

Champion Alliance International Holdings ROCE % Related Terms

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Champion Alliance International Holdings (HKSE:01629) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Champion Alliance International Holdings Ltd (HKSE:01629) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Dongping Economic Development Zone, Shandong Province, Tai'an, CHN

Website

http://www.championshipintl.com

Champion Alliance International Holdings Ltd is engaged in two segments namely, the new energy operation segment engages in the production and sale of steam for industrial use, heating and electricity in Mainland China; and the household paper products segment that trades household paper products. The company operates in Mainland China.

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