1957. (Hospitality) (HKSE:08495) ROCE % : 29.34% (As of Dec. 2023)

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What is 1957. (Hospitality) 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. 1957. (Hospitality)'s annualized ROCE % for the quarter that ended in Dec. 2023 was 29.34%.

1957. (Hospitality) ROCE % Historical Data

The historical data trend for 1957. (Hospitality)'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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1957. (Hospitality) ROCE % Chart

1957. (Hospitality) Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-7.08

-10.63

25.83

8.84

6.94

1957. (Hospitality) Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															30.47	-25.91	2.11	8.33	29.34

1957. (Hospitality) ROCE % Calculation

1957. (Hospitality)'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 )
	=	9.561	/	( ( (251.523 - 142.4)	+	(333.035 - 166.735) )	/ 2 )
	=	9.561	/	( (109.123	+	166.3)	/ 2 )
	=	9.561	/	137.7115
	=	6.94 %

1957. (Hospitality)'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	48.788	/	( ( (0 - 0)	+	(333.035 - 166.735) )	/ 1 )
	=	48.788	/	( ( 0	+	166.3 )	/ 1 )
	=	48.788	/	166.3
	=	29.34 %

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

1957. (Hospitality) (HKSE:08495) 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.

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1957. (Hospitality) (HKSE:08495) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » 1957 & Co. (Hospitality) Ltd (HKSE:08495) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

391–407 Jaffe Road, 33rd Floor, Times Tower, Hong Kong, HKG

Website

https://www.1957.com.hk

1957 & Co. (Hospitality) Ltd is a Hong Kong-based restaurant operation and management company. Together with its subsidiaries, the firm operates full-service restaurants under various brands and serves Japanese, Thai, Vietnamese, Shanghainese and Italian cuisines. The Group is engaged in the operation of restaurants and provision of catering management and consultancy services segment. Apart from its restaurant operation business the company also provides catering management and consultancy services in Hong Kong and the People's Republic of China. It derives the majority of the revenue from the operation of restaurants.

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