Century Sunshine Group Holdings (HKSE:00509) ROCE % : -16.20% (As of Dec. 2023)

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What is Century Sunshine Group 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. Century Sunshine Group Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was -16.20%.

Century Sunshine Group Holdings ROCE % Historical Data

The historical data trend for Century Sunshine Group 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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Century Sunshine Group Holdings ROCE % Chart

Century Sunshine Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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14.27

-16.20

-31.40

-39.43

-17.71

Century Sunshine Group 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															-61.08	-26.55	-57.41	-24.89	-16.20

Century Sunshine Group Holdings ROCE % Calculation

Century Sunshine Group 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 )
	=	-304.854	/	( ( (4361.021 - 2716.547)	+	(3222.413 - 1424.607) )	/ 2 )
	=	-304.854	/	( (1644.474	+	1797.806)	/ 2 )
	=	-304.854	/	1721.14
	=	-17.71 %

Century Sunshine Group 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 )
	=	-247.914	/	( ( (4007.924 - 2744.679)	+	(3222.413 - 1424.607) )	/ 2 )
	=	-247.914	/	( ( 1263.245	+	1797.806 )	/ 2 )
	=	-247.914	/	1530.5255
	=	-16.20 %

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

Century Sunshine Group Holdings (HKSE:00509) 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.

Century Sunshine Group Holdings ROCE % Related Terms

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Century Sunshine Group Holdings (HKSE:00509) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Century Sunshine Group Holdings Ltd (HKSE:00509) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

16th Floor, Tower 5, The Gateway, Tsim Sha Tsui, Kowloon, Harbour City, HKG

Website

https://www.centurysunshine.com.hk

Century Sunshine Group Holdings Ltd is an investment holding company. The company along with its subsidiaries is engaged in the magnesium products business, fertilizer business, and metallurgical flux business. The magnesium Product segment is engaged in the manufacture and sales of magnesium alloys. Metallurgical Flux segment is engaged in the sales of metallurgical flux, such as serpentine and the Fertilizer segment is engaged in the production and sales of fertilizers, including organic fertilizers and compound fertilizers. The revenue is mainly derived from China.

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