Henderson Investment (HKSE:00097) ROCE % : -5.14% (As of Dec. 2023)

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What is Henderson Investment 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. Henderson Investment's annualized ROCE % for the quarter that ended in Dec. 2023 was -5.14%.

Henderson Investment ROCE % Historical Data

The historical data trend for Henderson Investment'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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Henderson Investment ROCE % Chart

Henderson Investment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.94

9.61

3.93

2.68

-2.77

Henderson Investment 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															2.20	5.47	-0.32	-0.57	-5.14

Henderson Investment ROCE % Calculation

Henderson Investment'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 )
	=	-51	/	( ( (2473 - 660)	+	(2535 - 669) )	/ 2 )
	=	-51	/	( (1813	+	1866)	/ 2 )
	=	-51	/	1839.5
	=	-2.77 %

Henderson Investment'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 )
	=	-92	/	( ( (2212 - 499)	+	(2535 - 669) )	/ 2 )
	=	-92	/	( ( 1713	+	1866 )	/ 2 )
	=	-92	/	1789.5
	=	-5.14 %

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

Henderson Investment (HKSE:00097) 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.

Henderson Investment ROCE % Related Terms

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Henderson Investment (HKSE:00097) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Henderson Investment Ltd (HKSE:00097) » Definitions » ROCE %

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Traded in Other Exchanges

HDVTY:USA

Address

8 Finance Street, 72-76th Floor, Two International Finance Centre, Central, Hong Kong, HKG

Website

https://www.hilhk.com

Henderson Investment Ltd is a Hong Kong-based investment holding company engaged in the operation and management of department stores, household specialty stores and supermarket-cum-stores operations. The company operates Citistore department stores, such as specialty stores and needle and line specialty stores. The company generates revenue from the sale of goods from its departmental and specialty stores. The company generates majority of its revenue in Hong Kong.

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