Hong Kong Economic Times Holdings (HKSE:00423) ROCE % : -3.24% (As of Sep. 2023)

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What is Hong Kong Economic Times 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. Hong Kong Economic Times Holdings's annualized ROCE % for the quarter that ended in Sep. 2023 was -3.24%.

Hong Kong Economic Times Holdings ROCE % Historical Data

The historical data trend for Hong Kong Economic Times 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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Hong Kong Economic Times Holdings ROCE % Chart

Hong Kong Economic Times Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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9.63

2.54

2.98

5.67

4.40

Hong Kong Economic Times Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial															6.67	4.66	9.05	-0.34	-3.24

Hong Kong Economic Times Holdings ROCE % Calculation

Hong Kong Economic Times 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 )
	=	40.669	/	( ( (1198.326 - 271.655)	+	(1197.222 - 273.571) )	/ 2 )
	=	40.669	/	( (926.671	+	923.651)	/ 2 )
	=	40.669	/	925.161
	=	4.40 %

Hong Kong Economic Times 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: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	-29.086	/	( ( (1197.222 - 273.571)	+	(1121.702 - 247.221) )	/ 2 )
	=	-29.086	/	( ( 923.651	+	874.481 )	/ 2 )
	=	-29.086	/	899.066
	=	-3.24 %

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

Hong Kong Economic Times Holdings (HKSE:00423) 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.

Hong Kong Economic Times Holdings ROCE % Related Terms

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Hong Kong Economic Times Holdings (HKSE:00423) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Hong Kong Economic Times Holdings Ltd (HKSE:00423) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

321 Java Road, 6th Floor, Kodak House II, North Point, Hong Kong, HKG

Website

http://www.hketgroup.com

Hong Kong Economic Times Holdings Ltd is an investment holding company. It is engaged in the printing and publishing of newspapers and magazines and the operation of their associated digital businesses; the operation of recruitment advertising and lifestyle platforms; and the provision of electronic financial and property market information services. Its segments are Media segment, majority revenue deriving segment, engaged in the printing and publication of newspapers, magazines and books and the operation of digital platforms, including recruitment, finance and lifestyle; and Financial news agency, information and solutions segment.

Executives

Webb David Michael	2201 Interest of corporation controlled by you
Preferable Situation Assets Limited	2101 Beneficial owner
Golden Rooster Limited	2101 Beneficial owner
Lee Su Hwei	2201 Interest of corporation controlled by you
Fung Siu Por	2201 Interest of corporation controlled by you

Hong Kong Economic Times Holdings (HKSE:00423) Headlines

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