Yangtzekiang Garment (HKSE:00294) ROCE % : -6.31% (As of Mar. 2024)

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What is Yangtzekiang Garment 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. Yangtzekiang Garment's annualized ROCE % for the quarter that ended in Mar. 2024 was -6.31%.

Yangtzekiang Garment ROCE % Historical Data

The historical data trend for Yangtzekiang Garment'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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Yangtzekiang Garment ROCE % Chart

Yangtzekiang Garment Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-3.83

-2.20

2.95

-1.61

-4.65

Yangtzekiang Garment Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
ROCE %	Get a 7-Day Free Trial															4.22	1.81	-5.20	-3.15	-6.31

Yangtzekiang Garment ROCE % Calculation

Yangtzekiang Garment's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	-50.806	/	( ( (1193.421 - 55.881)	+	(1094.459 - 48.888) )	/ 2 )
	=	-50.806	/	( (1137.54	+	1045.571)	/ 2 )
	=	-50.806	/	1091.5555
	=	-4.65 %

Yangtzekiang Garment's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	-66.834	/	( ( (1152.352 - 78.518)	+	(1094.459 - 48.888) )	/ 2 )
	=	-66.834	/	( ( 1073.834	+	1045.571 )	/ 2 )
	=	-66.834	/	1059.7025
	=	-6.31 %

(1) Note: The EBIT data used here is two times the semi-annual (Mar. 2024) EBIT data.

Yangtzekiang Garment (HKSE:00294) 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.

Yangtzekiang Garment ROCE % Related Terms

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Yangtzekiang Garment Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Yangtzekiang Garment Ltd (HKSE:00294) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

22 Tai Yau Street, San Po Kong, Kowloon, Hong Kong, HKG

Website

https://www.ygm.com.hk

Yangtzekiang Garment Ltd is a Hong Kong-based company principally engaged in garment and property businesses. The company operates through three segments. Manufacture and sale of garments and textiles segment which generates revenue. This segment also covers the provision of garment processing services. Interests in the joint ventures segment are engaged in the manufacture and sales of textile yarn products through its joint ventures. The property leasing segment is engaged in the leasing of commercial and industrial properties. It generates the majority of its revenue from the European region.

Executives

Chan Wing Sun	2101 Beneficial owner
Chan Wing Fui Peter	2101 Beneficial owner

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