Steed Oriental (Holdings) Co (HKSE:08277) ROCE % : 2.20% (As of Sep. 2023)

View and export this data going back to 2015. Start your Free Trial

What is Steed Oriental (Holdings) Co 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. Steed Oriental (Holdings) Co's annualized ROCE % for the quarter that ended in Sep. 2023 was 2.20%.

Steed Oriental (Holdings) Co ROCE % Historical Data

The historical data trend for Steed Oriental (Holdings) Co'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.

* Premium members only.

Steed Oriental (Holdings) Co ROCE % Chart

Steed Oriental (Holdings) Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

Get a 7-Day Free Trial

6.08

-10.16

-1.37

3.60

-12.56

Steed Oriental (Holdings) Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															6.05	-7.38	-123.22	106.56	2.20

Steed Oriental (Holdings) Co ROCE % Calculation

Steed Oriental (Holdings) Co's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	-15.097	/	( ( (427.664 - 199.706)	+	(235.663 - 223.159) )	/ 2 )
	=	-15.097	/	( (227.958	+	12.504)	/ 2 )
	=	-15.097	/	120.231
	=	-12.56 %

Steed Oriental (Holdings) Co's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	2.556	/	( ( (0 - 0)	+	(239.802 - 123.746) )	/ 1 )
	=	2.556	/	( ( 0	+	116.056 )	/ 1 )
	=	2.556	/	116.056
	=	2.20 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

Steed Oriental (Holdings) Co (HKSE:08277) 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.

Steed Oriental (Holdings) Co ROCE % Related Terms

Thank you for viewing the detailed overview of Steed Oriental (Holdings) Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Steed Oriental (Holdings) Co (HKSE:08277) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Steed Oriental (Holdings) Co Ltd (HKSE:08277) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 303 Hennessy Road, Room 2104, 21st Floor, OfficePlus @Wan Chai, Wanchai, Hong Kong, HKG

Website

http://www.steedoriental.com.hk

Steed Oriental (Holdings) Co Ltd is an investment holding company. The company is engaged in the sourcing, manufacturing, and sale of plywood products and other wooden products. It generates revenue from Sales of General plywood, Packing plywood, Structural panel, Floor base, Supplementary materials and others. Geographically, it derives a majority of its revenue from Japan and also has a presence in the PRC, Thailand, Hong Kong and other countries.

Executives

Sun Xue Song	2101 Beneficial owner
Xue Zhao Qiang	2101 Beneficial owner
Sun Xue Song	2101 Beneficial owner

Steed Oriental (Holdings) Co (HKSE:08277) Headlines

No Headlines