PanAsialum Holdings Co (HKSE:02078) ROCE % : 2.73% (As of Dec. 2023)

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What is PanAsialum 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. PanAsialum Holdings Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 2.73%.

PanAsialum Holdings Co ROCE % Historical Data

The historical data trend for PanAsialum 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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PanAsialum Holdings Co ROCE % Chart

PanAsialum Holdings Co Annual Data

Trend

Sep12

Sep13

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-44.48

121.90

-22.62

-3.18

1.42

PanAsialum Holdings Co Semi-Annual Data
	Mar12	Sep12	Mar13	Sep13	Mar14	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial														-34.33	1.72	-8.41	0.32	2.73

PanAsialum Holdings Co ROCE % Calculation

PanAsialum Holdings Co'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 )
	=	15.697	/	( ( (1684.003 - 473.628)	+	(1431.519 - 429.467) )	/ 2 )
	=	15.697	/	( (1210.375	+	1002.052)	/ 2 )
	=	15.697	/	1106.2135
	=	1.42 %

PanAsialum Holdings Co'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 )
	=	27.836	/	( ( (1397.839 - 357.843)	+	(1431.519 - 429.467) )	/ 2 )
	=	27.836	/	( ( 1039.996	+	1002.052 )	/ 2 )
	=	27.836	/	1021.024
	=	2.73 %

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

PanAsialum Holdings Co (HKSE:02078) 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.

PanAsialum Holdings Co ROCE % Related Terms

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PanAsialum Holdings Co (HKSE:02078) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » PanAsialum Holdings Co Ltd (HKSE:02078) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

57 Hung To Road, Unit 05, 17th Floor, Nanyang Plaza, Kwun Tong, Kowloon, Hong Kong, HKG

Website

http://www.palum.com

PanAsialum Holdings Co Ltd is an Investment holding company engaged in the manufacture and sale of aluminum products. Its products include the Radiator series, Solar frame series, Motor car skirt board and auto parts, Electronic product accessories series, Railing series, and Door and Window series. Its segment includes the manufacture and trading of aluminum products and, investment properties. It generates the majority of its revenue from aluminum products. Geographically, it derives the majority revenue from the PRC and also has an operation in Australia, North America, Hong Kong, and Other countries.

Executives

Genesis Trust & Corporate Services Ltd.	2301 Trustee
Pan Zhaolong	2501 Other

PanAsialum Holdings Co (HKSE:02078) Headlines

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