REM Group (Holdings) (HKSE:01750) ROCE % : 8.91% (As of Dec. 2023)

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What is REM Group (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. REM Group (Holdings)'s annualized ROCE % for the quarter that ended in Dec. 2023 was 8.91%.

REM Group (Holdings) ROCE % Historical Data

The historical data trend for REM Group (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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REM Group (Holdings) ROCE % Chart

REM Group (Holdings) Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.71

-17.84

-11.52

5.50

4.97

REM Group (Holdings) Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial											-17.21	-4.70	15.89	1.12	8.91

REM Group (Holdings) ROCE % Calculation

REM Group (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 )
	=	8.336	/	( ( (236.09 - 71.48)	+	(204.04 - 33.505) )	/ 2 )
	=	8.336	/	( (164.61	+	170.535)	/ 2 )
	=	8.336	/	167.5725
	=	4.97 %

REM Group (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 )
	=	14.834	/	( ( (207.422 - 44.993)	+	(204.04 - 33.505) )	/ 2 )
	=	14.834	/	( ( 162.429	+	170.535 )	/ 2 )
	=	14.834	/	166.482
	=	8.91 %

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

REM Group (Holdings) (HKSE:01750) 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.

REM Group (Holdings) ROCE % Related Terms

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REM Group (Holdings) (HKSE:01750) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » REM Group (Holdings) Ltd (HKSE:01750) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 70 Wing Tai Road, Unit 5, 4th Floor, Chai Wan Industrial City Phase II, Hong Kong, HKG

Website

http://www.rem-group.com.hk

REM Group (Holdings) Ltd is a manufacturer and supplier of low-voltage electrical power distribution and control devices., including low-voltage switchboard, local motor control panel, motor control center, electrical distribution board, control box, and electrical parts and replacements and by location of delivery to customers in Hong Kong and PRC. Geographically, it derives the majority of revenue in PRC.

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