Namyue Holdings (HKSE:01058) ROCE % : -112.80% (As of Dec. 2023)

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What is Namyue 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. Namyue Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was -112.80%.

Namyue Holdings ROCE % Historical Data

The historical data trend for Namyue 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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Namyue Holdings ROCE % Chart

Namyue Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-17.38

1.10

-9.64

-29.10

-72.40

Namyue 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															-16.54	-22.66	-36.37	-38.50	-112.80

Namyue Holdings ROCE % Calculation

Namyue 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 )
	=	-65.931	/	( ( (174.007 - 49.467)	+	(135.537 - 77.951) )	/ 2 )
	=	-65.931	/	( (124.54	+	57.586)	/ 2 )
	=	-65.931	/	91.063
	=	-72.40 %

Namyue 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 )
	=	-88.698	/	( ( (174.92 - 75.247)	+	(135.537 - 77.951) )	/ 2 )
	=	-88.698	/	( ( 99.673	+	57.586 )	/ 2 )
	=	-88.698	/	78.6295
	=	-112.80 %

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

Namyue Holdings (HKSE:01058) 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.

Namyue Holdings ROCE % Related Terms

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Namyue Holdings (HKSE:01058) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Namyue Holdings Ltd (HKSE:01058) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

148 Connaught Road Central, 29th Floor, Guangdong Investment Tower, Hong Kong, HKG

Website

https://www.namyueholdings.com

Namyue Holdings Ltd is involved in the lease of plant and machinery, processing of cowhides, leather trading, and processing and sale of semi-finished and finished leather in PRC. The company's revenue is generated from the sale of processed leather.

Namyue Holdings (HKSE:01058) Headlines

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