Tungtex (Holdings) Co (HKSE:00518) ROCE % : -4.95% (As of Sep. 2023)

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What is Tungtex (Holdings) Co 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. Tungtex (Holdings) Co's annualized ROCE % for the quarter that ended in Sep. 2023 was -4.95%.

Tungtex (Holdings) Co ROCE % Historical Data

The historical data trend for Tungtex (Holdings) Co'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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Tungtex (Holdings) Co ROCE % Chart

Tungtex (Holdings) Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-20.21

-24.67

74.55

-5.67

6.59

Tungtex (Holdings) Co 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															-14.89	3.56	4.92	8.45	-4.95

Tungtex (Holdings) Co ROCE % Calculation

Tungtex (Holdings) Co'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 )
	=	26.781	/	( ( (621.032 - 218.977)	+	(558.971 - 148.834) )	/ 2 )
	=	26.781	/	( (402.055	+	410.137)	/ 2 )
	=	26.781	/	406.096
	=	6.59 %

Tungtex (Holdings) Co'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 )
	=	-19.792	/	( ( (558.971 - 148.834)	+	(535.284 - 145.039) )	/ 2 )
	=	-19.792	/	( ( 410.137	+	390.245 )	/ 2 )
	=	-19.792	/	400.191
	=	-4.95 %

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

Tungtex (Holdings) Co (HKSE:00518) 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.

Tungtex (Holdings) Co ROCE % Related Terms

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Tungtex (Holdings) Co (HKSE:00518) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Tungtex (Holdings) Co Ltd (HKSE:00518) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

TUGHF:USA

Address

No. 83 Hung To Road, Office A, 26th Floor, EGL Tower, Kwun Tong, Kowloon, Hong Kong, HKG

Website

http://www.tungtex.com

Tungtex (Holdings) Co Ltd is engaged in the business of manufacturing and sale of garments products. The operating segments of the group are North America, Asia, and Europe and others. Its customers are located in the PRC, the USA, Canada, European countries, and other countries, of which key revenue is generated from the USA. The company offers Silk-blended, Linen, Cotton, Synthetic items, and other products.

Executives

Webb David Michael	2201 Interest of corporation controlled by you
Preferable Situation Assets Limited	2101 Beneficial owner
Thomas Howel Gruffudd Rhys	2201 Interest of corporation controlled by you
Wykeham Capital Asia Value Fund	2101 Beneficial owner
Wykeham Capital Limited	2102 Investment manager
Corona Investments Limited	2101 Beneficial owner
Tung Wah Wing	2201 Interest of corporation controlled by you
Wong Fung Lin	2201 Interest of corporation controlled by you

Tungtex (Holdings) Co (HKSE:00518) Headlines

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