Eternity Investment (HKSE:00764) ROCE % : -15.49% (As of Dec. 2023)

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What is Eternity 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. Eternity Investment's annualized ROCE % for the quarter that ended in Dec. 2023 was -15.49%.

Eternity Investment ROCE % Historical Data

The historical data trend for Eternity 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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Eternity Investment ROCE % Chart

Eternity Investment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-5.15

-4.15

-6.50

-9.36

-8.40

Eternity 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															-15.61	-2.85	-16.17	-1.57	-15.49

Eternity Investment ROCE % Calculation

Eternity 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 )
	=	-189.433	/	( ( (3457.47 - 1119.801)	+	(3074.573 - 901.322) )	/ 2 )
	=	-189.433	/	( (2337.669	+	2173.251)	/ 2 )
	=	-189.433	/	2255.46
	=	-8.40 %

Eternity 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 )
	=	-342.888	/	( ( (3349.653 - 1095.295)	+	(3074.573 - 901.322) )	/ 2 )
	=	-342.888	/	( ( 2254.358	+	2173.251 )	/ 2 )
	=	-342.888	/	2213.8045
	=	-15.49 %

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

Eternity Investment (HKSE:00764) 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.

Eternity Investment ROCE % Related Terms

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Eternity Investment (HKSE:00764) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Eternity Investment Ltd (HKSE:00764) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

168-200 Connaught Road Central, Unit 1211, Shun Tak Centre, West Tower, Hong Kong, HKG

Website

http://www.eternityinv.com.hk

Eternity Investment Ltd is an investment holding company. The company along with its subsidiaries is engaged in the sale of jewelry products. It operates in four segments Property investment, Sale of financial assets, Moneylending, and Design and sale of jewelry products, and precious stones segment. It generates the highest revenue from the money lending business. The company has a global presence with the majority of the revenue generated from Hong Kong.

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