Hutchison Telecommunications Hong Kong Holdings Lt (Hutchison Telecommunications Hong Kong Holdings Lt) ROCE % : 0.88% (As of Dec. 2023)

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What is Hutchison Telecommunications Hong Kong Holdings Lt 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. Hutchison Telecommunications Hong Kong Holdings Lt's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.88%.

Hutchison Telecommunications Hong Kong Holdings Lt ROCE % Historical Data

The historical data trend for Hutchison Telecommunications Hong Kong Holdings Lt'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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Hutchison Telecommunications Hong Kong Holdings Lt ROCE % Chart

Hutchison Telecommunications Hong Kong Holdings Lt Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.86

3.76

0.99

-0.31

0.77

Hutchison Telecommunications Hong Kong Holdings Lt 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															0.58	-0.60	-0.02	0.66	0.88

Hutchison Telecommunications Hong Kong Holdings Lt ROCE % Calculation

Hutchison Telecommunications Hong Kong Holdings Lt'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 )
	=	12.42	/	( ( (1921.032 - 271.919)	+	(1864.324 - 276.96) )	/ 2 )
	=	12.42	/	( (1649.113	+	1587.364)	/ 2 )
	=	12.42	/	1618.2385
	=	0.77 %

Hutchison Telecommunications Hong Kong Holdings Lt'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 )
	=	14.084	/	( ( (1883.059 - 272.054)	+	(1864.324 - 276.96) )	/ 2 )
	=	14.084	/	( ( 1611.005	+	1587.364 )	/ 2 )
	=	14.084	/	1599.1845
	=	0.88 %

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

Hutchison Telecommunications Hong Kong Holdings Lt (OTCPK:HTHKY) 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.

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Hutchison Telecommunications Hong Kong Holdings Lt (Hutchison Telecommunications Hong Kong Holdings Lt) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Hutchison Telecommunications Hong Kong Holdings Lt (OTCPK:HTHKY) » Definitions » ROCE %

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Traded in Other Exchanges

HUTCY:USA 00215:Hong Kong

Address

2 Queen’s Road Central, 48th Floor, Cheung Kong Center, Hong Kong, HKG

Website

https://www.hthkh.com

Hutchison Telecommunications Hong Kong Holdings Ltd is an investment holding company. It operates in a single segment of the mobile telecommunications business in Hong Kong and Macau. The company offers a wide range of mobile telecommunications services and products with an increasing focus on data-centric services that converge with Internet and PC services. It provides mobile communications services such as local voice, SMS, MMS, IDD, and international roaming, as well as data services and applications including direct carrier billing offerings, mobile device security management, eBooks, music downloads, movies-on-demand, mobile social networking applications, and FinTech.