Chi Ho Development Holdings (HKSE:08423) ROCE % : 16.17% (As of Sep. 2023)

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What is Chi Ho Development 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. Chi Ho Development Holdings's annualized ROCE % for the quarter that ended in Sep. 2023 was 16.17%.

Chi Ho Development Holdings ROCE % Historical Data

The historical data trend for Chi Ho Development 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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Chi Ho Development Holdings ROCE % Chart

Chi Ho Development Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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26.22

25.82

22.84

8.99

13.52

Chi Ho Development Holdings 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															19.16	18.56	0.66	6.46	16.17

Chi Ho Development Holdings ROCE % Calculation

Chi Ho Development Holdings'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 )
	=	19.554	/	( ( (296.69 - 157.066)	+	(344.076 - 194.43) )	/ 2 )
	=	19.554	/	( (139.624	+	149.646)	/ 2 )
	=	19.554	/	144.635
	=	13.52 %

Chi Ho Development Holdings'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 )
	=	25.16	/	( ( (0 - 0)	+	(362.295 - 206.673) )	/ 1 )
	=	25.16	/	( ( 0	+	155.622 )	/ 1 )
	=	25.16	/	155.622
	=	16.17 %

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

Chi Ho Development Holdings (HKSE:08423) 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.

Chi Ho Development Holdings ROCE % Related Terms

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Chi Ho Development Holdings (HKSE:08423) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Chi Ho Development Holdings Ltd (HKSE:08423) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

77–81 Container Port Road, Units 901, 902 and 908, 9/F, Magnet Place Tower 1, Kwai Chung, New Territories, Hong Kong, HKG

Website

https://www.chdev.com.hk

Chi Ho Development Holdings Ltd is an investment holding company. Its operating segments include Building renovation and construction which includes renovation and maintenance works, alteration and addition works and fitting-out works, and site formation and geotechnical works in Hong Kong. and Property which includes property investment in Hong Kong. The group's revenue is generated from Hong Kong.

Executives

Diamondfield Holdings Limited	2401 A concert party to an agreement to buy shares
Sharp Talent Holdings Limited	2101 Beneficial owner
Ho Chi Kwan	2401 A concert party to an agreement to buy shares
Leung Ka Ho, Raymond	2201 Interest of corporation controlled by you

Chi Ho Development Holdings (HKSE:08423) Headlines

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