China Aluminum Cans Holdings (HKSE:06898) ROCE % : 4.31% (As of Dec. 2023)

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What is China Aluminum Cans 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 Aluminum Cans Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 4.31%.

China Aluminum Cans Holdings ROCE % Historical Data

The historical data trend for China Aluminum Cans 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 Aluminum Cans Holdings ROCE % Chart

China Aluminum Cans Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.44

8.47

5.65

6.14

8.59

China Aluminum Cans Holdings Semi-Annual Data
	Jun14	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															2.84	7.74	4.51	12.39	4.31

China Aluminum Cans Holdings ROCE % Calculation

China Aluminum Cans 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 )
	=	29.803	/	( ( (393.383 - 23.513)	+	(343.038 - 19.114) )	/ 2 )
	=	29.803	/	( (369.87	+	323.924)	/ 2 )
	=	29.803	/	346.897
	=	8.59 %

China Aluminum Cans 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 )
	=	14.656	/	( ( (379.629 - 23.84)	+	(343.038 - 19.114) )	/ 2 )
	=	14.656	/	( ( 355.789	+	323.924 )	/ 2 )
	=	14.656	/	339.8565
	=	4.31 %

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

China Aluminum Cans Holdings (HKSE:06898) 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 Aluminum Cans Holdings ROCE % Related Terms

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China Aluminum Cans Holdings (HKSE:06898) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » China Aluminum Cans Holdings Ltd (HKSE:06898) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

No. 5 Ya Bo Nan Road, National Health Technology Park of Zhongshan, Torch Development Zone, Guangdong Province, Zhongshan, CHN, 528437

Website

http://www.6898hk.com

China Aluminum Cans Holdings Ltd is an investment holding company engaged in the design, development, manufacture, and sale of aluminum aerosol cans. The aluminum aerosol cans are generally used in the packaging of fast-moving personal care products such as body deodorant, hair styling products, and shaving cream, as well as pharmaceutical products, which are pain-relieving spray, spray dressing, and antiseptic spray. Its geographical segments are Africa, America, Asia, Mainland China, and the Middle East, of which the majority of its revenue comes from Mainland China.

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