Cocoon Holdings (HKSE:00428) ROCE % : 26.38% (As of Dec. 2023)

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What is Cocoon 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. Cocoon Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 26.38%.

Cocoon Holdings ROCE % Historical Data

The historical data trend for Cocoon 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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Cocoon Holdings ROCE % Chart

Cocoon Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-18.54

-1.41

-15.84

-31.75

33.25

Cocoon Holdings 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															-28.46	-46.87	-20.20	42.82	26.38

Cocoon Holdings ROCE % Calculation

Cocoon Holdings'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 )
	=	54.538	/	( ( (133.878 - 2.077)	+	(203.022 - 6.776) )	/ 2 )
	=	54.538	/	( (131.801	+	196.246)	/ 2 )
	=	54.538	/	164.0235
	=	33.25 %

Cocoon Holdings'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 )
	=	46.844	/	( ( (165.543 - 6.656)	+	(203.022 - 6.776) )	/ 2 )
	=	46.844	/	( ( 158.887	+	196.246 )	/ 2 )
	=	46.844	/	177.5665
	=	26.38 %

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

Cocoon Holdings (HKSE:00428) 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.

Cocoon Holdings ROCE % Related Terms

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Cocoon Holdings (HKSE:00428) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Cocoon Holdings Ltd (HKSE:00428) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

61 Connaught Road Central, Room 14A, Fortune House, Central, Hong Kong, HKG

Website

https://www.cocoon.holdings

Cocoon Holdings Ltd is a Hong Kong-based investment holding company engaged in investment activities. The Group's business activity is organized into a single operating segment, being investments in securities listed on recognized stock exchanges and unlisted investments with a potential for earnings growth and capital appreciation The Group's revenue comprised dividend income, interest earned from bank deposits and loans and receivables. The group mainly operates its businesses in Hong Kong.

Executives

Yu Po Kwan	2101 Beneficial owner
Solution Smart Holdings Limited	2101 Beneficial owner
Sw Venture Asia Limited	2201 Interest of corporation controlled by you
Yeung Shing Wai	2201 Interest of corporation controlled by you

Cocoon Holdings (HKSE:00428) Headlines

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