Grand Ocean Advanced Resources Co (HKSE:00065) ROCE % : -5.46% (As of Dec. 2023)

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What is Grand Ocean Advanced Resources Co 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. Grand Ocean Advanced Resources Co's annualized ROCE % for the quarter that ended in Dec. 2023 was -5.46%.

Grand Ocean Advanced Resources Co ROCE % Historical Data

The historical data trend for Grand Ocean Advanced Resources Co'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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Grand Ocean Advanced Resources Co ROCE % Chart

Grand Ocean Advanced Resources Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-1.10

-29.04

15.52

16.41

-14.82

Grand Ocean Advanced Resources Co 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															40.51	20.73	12.01	-25.39	-5.46

Grand Ocean Advanced Resources Co ROCE % Calculation

Grand Ocean Advanced Resources Co'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 )
	=	-32.009	/	( ( (305.35 - 91.219)	+	(307.225 - 89.445) )	/ 2 )
	=	-32.009	/	( (214.131	+	217.78)	/ 2 )
	=	-32.009	/	215.9555
	=	-14.82 %

Grand Ocean Advanced Resources Co'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 )
	=	-11.412	/	( ( (284.932 - 84.676)	+	(307.225 - 89.445) )	/ 2 )
	=	-11.412	/	( ( 200.256	+	217.78 )	/ 2 )
	=	-11.412	/	209.018
	=	-5.46 %

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

Grand Ocean Advanced Resources Co (HKSE:00065) 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.

Grand Ocean Advanced Resources Co ROCE % Related Terms

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Grand Ocean Advanced Resources Co (HKSE:00065) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Grand Ocean Advanced Resources Co Ltd (HKSE:00065) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

255-257 Gloucester Road, Suite 1602, Sino Plaza, Hong Kong, HKG

Website

https://www.grandocean65.com

Grand Ocean Advanced Resources Co Ltd is an investment holding company that is engaged in the coal mining business. The Group has one reportable operating segment which is the Coal Mining Business. Majority of its revenue is generated from PRC except Hong Kong.

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