Citychamp Watch & Jewellery Group (Citychamp Watch & Jewellery Group) ROCE % : 3.07% (As of Dec. 2023)

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What is Citychamp Watch & Jewellery 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. Citychamp Watch & Jewellery Group's annualized ROCE % for the quarter that ended in Dec. 2023 was 3.07%.

Citychamp Watch & Jewellery Group ROCE % Historical Data

The historical data trend for Citychamp Watch & Jewellery 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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Citychamp Watch & Jewellery Group ROCE % Chart

Citychamp Watch & Jewellery Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.53

-0.77

-0.11

-0.70

3.05

Citychamp Watch & Jewellery Group 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															-1.33	-0.60	-0.73	2.74	3.07

Citychamp Watch & Jewellery Group ROCE % Calculation

Citychamp Watch & Jewellery Group'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 )
	=	20.748	/	( ( (2075.326 - 1397.846)	+	(2116.7 - 1433.48) )	/ 2 )
	=	20.748	/	( (677.48	+	683.22)	/ 2 )
	=	20.748	/	680.35
	=	3.05 %

Citychamp Watch & Jewellery Group'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 )
	=	21.954	/	( ( (2019.329 - 1274.095)	+	(2116.7 - 1433.48) )	/ 2 )
	=	21.954	/	( ( 745.234	+	683.22 )	/ 2 )
	=	21.954	/	714.227
	=	3.07 %

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

Citychamp Watch & Jewellery Group (OTCPK:CEBTF) 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.

Citychamp Watch & Jewellery Group ROCE % Related Terms

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Citychamp Watch & Jewellery Group (Citychamp Watch & Jewellery Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Citychamp Watch & Jewellery Group Ltd (OTCPK:CEBTF) » Definitions » ROCE %

Traded in Other Exchanges

00256:Hong Kong

Address

1 Austin Road West, Units 1902-04, Level 19, International Commerce Centre, Kowloon, Hong Kong, HKG

Website

http://www.citychampwj.com

Citychamp Watch & Jewellery Group Ltd is a Hong Kong-based investment holding company principally engaged in watches and timepieces product businesses. It has three reportable segments namely manufacture and distribution of watches and timepieces, property investments, and banking and financial businesses. The company possesses proprietary brands, highlighted by Rossini and EBOHR, which both manufacture and sell their own branded watches throughout China. It also possesses renowned global watch brands Corum, Eterna, Rotary, Dreyfuss & Co, and J&T Windmills among others. Watches and timepieces are the major sources of revenue for the company.

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