Carpenter Tan Holdings (HKSE:00837) ROCE % : 22.11% (As of Dec. 2023)

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What is Carpenter Tan 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. Carpenter Tan Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 22.11%.

Carpenter Tan Holdings ROCE % Historical Data

The historical data trend for Carpenter Tan 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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Carpenter Tan Holdings ROCE % Chart

Carpenter Tan Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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22.24

16.36

19.64

17.84

26.64

Carpenter Tan 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															17.16	19.54	17.23	32.21	22.11

Carpenter Tan Holdings ROCE % Calculation

Carpenter Tan 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 )
	=	229.991	/	( ( (899.577 - 89.319)	+	(1018.064 - 101.934) )	/ 2 )
	=	229.991	/	( (810.258	+	916.13)	/ 2 )
	=	229.991	/	863.194
	=	26.64 %

Carpenter Tan 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 )
	=	194.176	/	( ( (941.513 - 101.379)	+	(1018.064 - 101.934) )	/ 2 )
	=	194.176	/	( ( 840.134	+	916.13 )	/ 2 )
	=	194.176	/	878.132
	=	22.11 %

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

Carpenter Tan Holdings (HKSE:00837) 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.

Carpenter Tan Holdings ROCE % Related Terms

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Carpenter Tan Holdings (HKSE:00837) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Carpenter Tan Holdings Ltd (HKSE:00837) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1A-1L Tung Choi Street, Room 708, 7th Floor, Witty Commercial Building, Mong Kok, Kowloon, Hong Kong, CHN

Website

https://www.ctans.com

Carpenter Tan Holdings Ltd is engaged in the design, manufacture, and distribution of small wooden handicrafts and accessories. It is also engaged in the operation of retail shops for direct sale of the Group's products in Hong Kong. The company designs, manufactures and distributes small size wooden handicrafts and accessories, including wooden combs, wooden mirrors, wooden box set and other wooden accessories and adornments, under the brand name of Carpenter Tan; operates a franchise and distribution network primarily in the PRC; and operates retail shops for direct sale of the group's products in Hong Kong and the PRC. Its revenue and results from operations are mainly derived from activities in the PRC.

Executives

Fan Cheng Qin
Lead Charm Investments Limited
Tan Chuan Hua

Carpenter Tan Holdings (HKSE:00837) Headlines

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