Oriental Culture Holding (Oriental Culture Holding) ROCE % : -8.45% (As of Dec. 2023)

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What is Oriental Culture 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. Oriental Culture Holding's annualized ROCE % for the quarter that ended in Dec. 2023 was -8.45%.

Oriental Culture Holding ROCE % Historical Data

The historical data trend for Oriental Culture 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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Oriental Culture Holding ROCE % Chart

Oriental Culture Holding Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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114.03

7.05

26.96

5.35

-9.11

Oriental Culture Holding Semi-Annual Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial							5.12	20.33	-9.71	-9.95	-8.45

Oriental Culture Holding ROCE % Calculation

Oriental Culture 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 )
	=	-4.335	/	( ( (53.389 - 3.762)	+	(48.631 - 3.081) )	/ 2 )
	=	-4.335	/	( (49.627	+	45.55)	/ 2 )
	=	-4.335	/	47.5885
	=	-9.11 %

Oriental Culture 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 )
	=	-3.89	/	( ( (49.534 - 3.037)	+	(48.631 - 3.081) )	/ 2 )
	=	-3.89	/	( ( 46.497	+	45.55 )	/ 2 )
	=	-3.89	/	46.0235
	=	-8.45 %

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

Oriental Culture Holding (NAS:OCG) 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.

Oriental Culture Holding ROCE % Related Terms

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Oriental Culture Holding (Oriental Culture Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Oriental Culture Holding Ltd (NAS:OCG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

198-200 Queen’s Road Central, Room 1402, Richmake Commercial Building, Hong Kong, HKG

Website

http://www.ocgroup.hk

Oriental Culture Holding Ltd is an online provider of collectibles and artwork e-commerce services. The company also offers online and offline integrated marketing, storage, and technical maintenance service to customers in China and Hong Kong. It operates through one segment namely, e-commerce of artwork trading. It generates revenue through listing service fees, transaction fees, and other revenues collected from traders.