Hotung Investment Holdings (SGX:BLS) ROCE % : -2.05% (As of Dec. 2023)

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What is Hotung Investment 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. Hotung Investment Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was -2.05%.

Hotung Investment Holdings ROCE % Historical Data

The historical data trend for Hotung Investment 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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Hotung Investment Holdings ROCE % Chart

Hotung Investment Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.72

13.27

13.21

1.52

3.07

Hotung Investment Holdings 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															12.68	2.51	0.66	8.22	-2.05

Hotung Investment Holdings ROCE % Calculation

Hotung Investment 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 )
	=	8.454	/	( ( (289.039 - 6.828)	+	(275.452 - 6.345) )	/ 2 )
	=	8.454	/	( (282.211	+	269.107)	/ 2 )
	=	8.454	/	275.659
	=	3.07 %

Hotung Investment 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 )
	=	-5.616	/	( ( (285.131 - 5.964)	+	(275.452 - 6.345) )	/ 2 )
	=	-5.616	/	( ( 279.167	+	269.107 )	/ 2 )
	=	-5.616	/	274.137
	=	-2.05 %

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

Hotung Investment Holdings (SGX:BLS) 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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Hotung Investment Holdings (SGX:BLS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Hotung Investment Holdings Ltd (SGX:BLS) » Definitions » ROCE %

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Address

261, Sung-Chiang Road, 10th Floor, Taipei, TWN

Website

http://www.hotung.com.tw

Hotung Investment Holdings Ltd is a venture capital investment company. It focuses on start-up and expansion-stage companies mainly located in Taiwan, China, and Silicon Valley. The company operates through two segments namely Investment and Fund management. Its Investment segment derives majority revenue converges on achieving capital appreciation by investing in a balanced and diversified portfolio. The Fund management segment is involved in providing investment consultancy and advisory services to entities within the group.

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