Cirtek Holdings (HKSE:01433) ROCE % : -0.05% (As of Dec. 2023)

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What is Cirtek 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. Cirtek Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was -0.05%.

Cirtek Holdings ROCE % Historical Data

The historical data trend for Cirtek 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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Cirtek Holdings ROCE % Chart

Cirtek Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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24.25

3.28

8.83

7.89

-6.93

Cirtek Holdings Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial								13.95	10.79	4.81	-13.60	-0.05

Cirtek Holdings ROCE % Calculation

Cirtek 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 )
	=	-16.486	/	( ( (395.067 - 135.521)	+	(369.425 - 153.159) )	/ 2 )
	=	-16.486	/	( (259.546	+	216.266)	/ 2 )
	=	-16.486	/	237.906
	=	-6.93 %

Cirtek 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 )
	=	-0.12	/	( ( (361.142 - 137.691)	+	(369.425 - 153.159) )	/ 2 )
	=	-0.12	/	( ( 223.451	+	216.266 )	/ 2 )
	=	-0.12	/	219.8585
	=	-0.05 %

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

Cirtek Holdings (HKSE:01433) 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.

Cirtek Holdings ROCE % Related Terms

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Cirtek Holdings (HKSE:01433) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Cirtek Holdings Ltd (HKSE:01433) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

15 Cheung Yue Street, 1st Floor, Wing Ming Industrial Centre, Lai Chi Kok, Kowloon, Hong Kong, HKG

Website

http://www.cirtek.com

Cirtek Holdings Ltd is engaged in manufacturing and sale of apparel products, such as hang tags, woven labels, printed labels and heat transfer products. It generates revenue from Hong Kong, Mainland China, Bangladesh, Vietnam, U.S and Other countries.

Executives

Charming International Limited	2101 Beneficial owner
Chan Sing Ming Barry	2201 Interest of corporation controlled by you
Law Miu Lan	2201 Interest of corporation controlled by you

Cirtek Holdings (HKSE:01433) Headlines

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