New Amante Group (HKSE:08412) ROCE % : 61.48% (As of Nov. 2023)

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What is New Amante Group 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. New Amante Group's annualized ROCE % for the quarter that ended in Nov. 2023 was 61.48%.

New Amante Group ROCE % Historical Data

The historical data trend for New Amante Group'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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New Amante Group ROCE % Chart

New Amante Group Annual Data

Trend

May15

May16

May17

May18

May19

May20

May21

May22

May23

ROCE %

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-84.05

-545.22

131.34

New Amante Group Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
ROCE %	Get a 7-Day Free Trial															-	-	213.59	-47.36	61.48

New Amante Group ROCE % Calculation

New Amante Group's annualized ROCE % for the fiscal year that ended in May. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: May. 2023 )		(A: May. 2022 )		(A: May. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: May. 2023 )		(A: May. 2022 )		(A: May. 2023 )
	=	6.792	/	( ( (31.548 - 39.416)	+	(55.363 - 37.152) )	/ 2 )
	=	6.792	/	( (-7.868	+	18.211)	/ 2 )
	=	6.792	/	5.1715
	=	131.34 %

New Amante Group's ROCE % of for the quarter that ended in Nov. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Nov. 2023 )		(Q: Aug. 2023 )		(Q: Nov. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Nov. 2023 )		(Q: Aug. 2023 )		(Q: Nov. 2023 )
	=	12.924	/	( ( (0 - 0)	+	(73.633 - 52.613) )	/ 1 )
	=	12.924	/	( ( 0	+	21.02 )	/ 1 )
	=	12.924	/	21.02
	=	61.48 %

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

New Amante Group (HKSE:08412) 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.

New Amante Group ROCE % Related Terms

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New Amante Group (HKSE:08412) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » New Amante Group Ltd (HKSE:08412) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

60 Gloucester Road,, 25th Floor, China Huarong Tower, Wanchai, Hong Kong, HKG

Website

https://www.new-amante.com

New Amante Group Ltd is an investment holding company with its subsidiaries company principally engaged in the operation of club, entertainment, and Securities investment in Hong Kong.

Executives

Ho Chin Nang	2201 Interest of corporation controlled by you
Cheung Ka Kwan	2101 Beneficial owner
Yuan Lin	2101 Beneficial owner
Wang Ning	2101 Beneficial owner
Sze Ching Lau
Aplus Concept Limited
Louey Andrea Alice
Ng Shing Joe Kester

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