Greentech Technology International (HKSE:00195) ROCE % : 21.20% (As of Dec. 2023)

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What is Greentech Technology International 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. Greentech Technology International's annualized ROCE % for the quarter that ended in Dec. 2023 was 21.20%.

Greentech Technology International ROCE % Historical Data

The historical data trend for Greentech Technology International'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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Greentech Technology International ROCE % Chart

Greentech Technology International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-13.10

1.54

78.21

35.98

15.18

Greentech Technology International 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															97.85	74.57	-3.89	9.59	21.20

Greentech Technology International ROCE % Calculation

Greentech Technology International'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 )
	=	194.304	/	( ( (1394.905 - 186.086)	+	(1664.463 - 313.518) )	/ 2 )
	=	194.304	/	( (1208.819	+	1350.945)	/ 2 )
	=	194.304	/	1279.882
	=	15.18 %

Greentech Technology International'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 )
	=	272.29	/	( ( (1427.833 - 210.444)	+	(1664.463 - 313.518) )	/ 2 )
	=	272.29	/	( ( 1217.389	+	1350.945 )	/ 2 )
	=	272.29	/	1284.167
	=	21.20 %

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

Greentech Technology International (HKSE:00195) 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.

Greentech Technology International ROCE % Related Terms

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Greentech Technology International (HKSE:00195) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Greentech Technology International Ltd (HKSE:00195) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

The Gateway Harbour City, Suites 2202-04, 22nd Floor, Tower 6, Tsim Sha Tsui, Kowloon, Hong Kong, HKG

Website

https://www.green-technology.com.hk

Greentech Technology International Ltd is an investment holding company. The company is engaged in the exploration, development, and mining of tin and copper-bearing ores. Its mining project includes Renison Mine located in Tasmania, Australia. The group derives revenue from Australia, Hong Kong and Vietnam, of which a majority of revenue is derived from Hong Kong.

Executives

Koo Yuen Kim	2101 Beneficial owner
Fu Jingqi	2101 Beneficial owner

Greentech Technology International (HKSE:00195) Headlines

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