Unity Enterprise Holdings (HKSE:02195) ROCE % : -33.31% (As of Dec. 2023)

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What is Unity Enterprise 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. Unity Enterprise Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was -33.31%.

Unity Enterprise Holdings ROCE % Historical Data

The historical data trend for Unity Enterprise 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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Unity Enterprise Holdings ROCE % Chart

Unity Enterprise Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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133.41

105.65

28.95

-1.83

-19.77

Unity Enterprise Holdings Semi-Annual Data
	Dec16	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial							24.06	9.50	-13.30	-6.45	-33.31

Unity Enterprise Holdings ROCE % Calculation

Unity Enterprise 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 )
	=	-27.804	/	( ( (254.48 - 99.132)	+	(177.446 - 51.45) )	/ 2 )
	=	-27.804	/	( (155.348	+	125.996)	/ 2 )
	=	-27.804	/	140.672
	=	-19.77 %

Unity Enterprise 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 )
	=	-45.798	/	( ( (190.2 - 41.183)	+	(177.446 - 51.45) )	/ 2 )
	=	-45.798	/	( ( 149.017	+	125.996 )	/ 2 )
	=	-45.798	/	137.5065
	=	-33.31 %

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

Unity Enterprise Holdings (HKSE:02195) 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.

Unity Enterprise Holdings ROCE % Related Terms

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Unity Enterprise Holdings (HKSE:02195) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Unity Enterprise Holdings Ltd (HKSE:02195) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

9 Chong Yip Street, Unit 1103, 11th Floor, Kwun Tong, Kowloon, Hong Kong, HKG

Website

http://www.hongdau.com.hk

Unity Enterprise Holdings Ltd is a contractor specializing in RMAA works in Hong Kong. It undertook repair and maintenance services, involving the upkeep, restoration and improvement of existing buildings and facilities, including the services of re-roofing, external and internal walls refurbishment, floor screeding and retiling, spalling repair, scaffolding, repairing and replacement of windows and door, plastering, painting, improvement of fire services system, plumbing and drainage works. In addition, the company also provides ancillary services, such as alteration and addition work of building layout and structural works, design of new structural works and checking of structural adequacy of existing constructions and interior decoration works to the existing premises.

Executives

Harvest Land Company Limited	2101 Beneficial owner
Yeung Wing Sun	2201 Interest of corporation controlled by you
Yu So Yin	2202 Interest of your spouse
Leung Yi Man	2101 Beneficial owner
Tang Kit Yu	2202 Interest of your spouse
Hong Kong Chaoshang Group Limited	2101 Beneficial owner

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