BetterLife Holding (HKSE:06909) ROCE % : 4.52% (As of Dec. 2023)

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What is BetterLife Holding 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. BetterLife Holding's annualized ROCE % for the quarter that ended in Dec. 2023 was 4.52%.

BetterLife Holding ROCE % Historical Data

The historical data trend for BetterLife Holding'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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BetterLife Holding ROCE % Chart

BetterLife Holding Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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21.67

24.54

28.91

10.36

5.16

BetterLife Holding Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial					29.45	16.54	4.51	5.88	4.52

BetterLife Holding ROCE % Calculation

BetterLife Holding'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 )
	=	197.865	/	( ( (5405.735 - 1570.113)	+	(5154.512 - 1325.306) )	/ 2 )
	=	197.865	/	( (3835.622	+	3829.206)	/ 2 )
	=	197.865	/	3832.414
	=	5.16 %

BetterLife Holding'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 )
	=	171.902	/	( ( (5860.812 - 2081.53)	+	(5154.512 - 1325.306) )	/ 2 )
	=	171.902	/	( ( 3779.282	+	3829.206 )	/ 2 )
	=	171.902	/	3804.244
	=	4.52 %

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

BetterLife Holding (HKSE:06909) 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.

BetterLife Holding ROCE % Related Terms

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BetterLife Holding (HKSE:06909) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » BetterLife Holding Ltd (HKSE:06909) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1 Donghuan North Road, Beijing Economic and Technological Development Area, Beijing, CHN

Website

https://www.blchina.com

BetterLife Holding Ltd is an automobile dealership service provider in China focusing on luxury and ultra-luxury brands. The company operates dealership stores for the brands Porsche, Mercedes-Benz, BMW, Audi, Bentley, Jaguar-Land Rover, and Volvo. It offers a comprehensive range of automobile-related products and services, including the sale of automobiles consisting of mainly imported and domestically manufactured petroleum models, after-sales services which consist of repair and maintenance services, the sale of accessories and other automobile-related products, insurance agency services and automobile license plate registration services, and it also provides other automobile-related value-added services like automobile financing and pre-owned automobile brokerage services.

Executives

Red Dynasty Investments Limited	2101 Beneficial owner
Butterfield Trust (asia) Limited	2301 Trustee
Chou Patrick Hsiao-po	2101 Beneficial owner
Chou Patrick Hsiao-po	2101 Beneficial owner
Chou Dynasty Holding Co., Ltd	2101 Beneficial owner
Credit Suisse Trust Limited	2101 Beneficial owner
Xingtai Capital Management Limited	2102 Investment manager

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