Ten Pao Group Holdings (HKSE:01979) ROCE % : 25.90% (As of Dec. 2023)

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What is Ten Pao 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. Ten Pao Group Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 25.90%.

Ten Pao Group Holdings ROCE % Historical Data

The historical data trend for Ten Pao 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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Ten Pao Group Holdings ROCE % Chart

Ten Pao Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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29.33

36.94

31.56

20.92

21.90

Ten Pao Group Holdings Semi-Annual Data
	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														26.26	18.99	22.50	19.02	25.90

Ten Pao Group Holdings ROCE % Calculation

Ten Pao 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 )
	=	398.732	/	( ( (3890.424 - 2098.349)	+	(4319.552 - 2470.623) )	/ 2 )
	=	398.732	/	( (1792.075	+	1848.929)	/ 2 )
	=	398.732	/	1820.502
	=	21.90 %

Ten Pao 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 )
	=	462.846	/	( ( (3667.45 - 1941.782)	+	(4319.552 - 2470.623) )	/ 2 )
	=	462.846	/	( ( 1725.668	+	1848.929 )	/ 2 )
	=	462.846	/	1787.2985
	=	25.90 %

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

Ten Pao Group Holdings (HKSE:01979) 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.

Ten Pao Group Holdings ROCE % Related Terms

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Ten Pao Group Holdings (HKSE:01979) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ten Pao Group Holdings Ltd (HKSE:01979) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

151-153 Hoi Bun Road, Rooms 610-612, 6th Floor, Kwong Sang Hong Centre, Kwun Tong, Kowloon, Hong Kong, HKG

Website

https://www.tenpao.com

Ten Pao Group Holdings Ltd is an investment holding company. It is engaged in the sales and manufacturing of switching power supply units for consumer products and smart chargers and controllers for industrial use. The operating segments of the company are telecommunication, media and entertainment, electrical home appliances, lighting, smart chargers and controllers, and others. Some of its products are USB chargers, wireless chargers, adapters, open frame power supply, led drivers, smart charger and controllers, and power saver. Geographically, the group has a business presence in the PRC, Europe, Asia, the U.S., Africa and Other regions, of which prime revenue is derived from the PRC.

Ten Pao Group Holdings (HKSE:01979) Headlines

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