China Ting Group Holdings (HKSE:03398) ROCE % : -6.76% (As of Jun. 2023)

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What is China Ting 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. China Ting Group Holdings's annualized ROCE % for the quarter that ended in Jun. 2023 was -6.76%.

China Ting Group Holdings ROCE % Historical Data

The historical data trend for China Ting 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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China Ting Group Holdings ROCE % Chart

China Ting Group Holdings Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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1.96

-0.82

10.72

-10.53

-4.61

China Ting Group Holdings Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial															-5.55	-15.13	-3.26	-6.13	-6.76

China Ting Group Holdings ROCE % Calculation

China Ting Group 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 )
	=	-126.094	/	( ( (3985.839 - 1112.796)	+	(3656.363 - 1058.465) )	/ 2 )
	=	-126.094	/	( (2873.043	+	2597.898)	/ 2 )
	=	-126.094	/	2735.4705
	=	-4.61 %

China Ting Group 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 )
	=	-171.212	/	( ( (3656.363 - 1058.465)	+	(3478.222 - 1014.35) )	/ 2 )
	=	-171.212	/	( ( 2597.898	+	2463.872 )	/ 2 )
	=	-171.212	/	2530.885
	=	-6.76 %

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

China Ting Group Holdings (HKSE:03398) 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.

China Ting Group Holdings ROCE % Related Terms

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China Ting Group Holdings (HKSE:03398) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » China Ting Group Holdings Ltd (HKSE:03398) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

55 King Yip Street, 27th Floor, King Palace Plaza, Kwun Tong, Kowloon, Hong Kong, HKG

Website

https://www.chinating.com.hk

China Ting Group Holdings Ltd is an investment holding company. Along with its subsidiaries, the firm is engaged in garment manufacturing for export and retailing branded fashion apparel in Mainland China. It operates in three reportable segments including manufacturing and sale of garments on an original equipment manufacturer (OEM), manufacturing and retailing of branded fashion apparel (Retail), and property investment. It derives the majority of its revenue from the OEM segment. Geographically, it derives a majority of its revenue from the PRC and also has an operation in North America, European Union, Hong Kong, and Other countries.

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