Greater China Financial Holdings (HKSE:00431) ROCE % : 0.00% (As of Dec. 2023)

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What is Greater China Financial 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. Greater China Financial Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.00%.

Greater China Financial Holdings ROCE % Historical Data

The historical data trend for Greater China Financial 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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Greater China Financial Holdings ROCE % Chart

Greater China Financial Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-32.78

-43.83

-25.93

-64.51

-1,704.03

Greater China Financial 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															-35.75	-21.73	-114.22	-43.27	-

Greater China Financial Holdings ROCE % Calculation

Greater China Financial 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 )
	=	-535.33	/	( ( (975.248 - 630.527)	+	(417.127 - 699.017) )	/ 2 )
	=	-535.33	/	( (344.721	+	-281.89)	/ 2 )
	=	-535.33	/	31.4155
	=	-1,704.03 %

Greater China Financial 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 )
	=	-938.67	/	( ( (865.973 - 600.608)	+	(417.127 - 699.017) )	/ 2 )
	=	-938.67	/	( ( 265.365	+	-281.89 )	/ 2 )
	=	-938.67	/	-8.2625
	=	0 %

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

Greater China Financial Holdings (HKSE:00431) 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.

Greater China Financial Holdings ROCE % Related Terms

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Greater China Financial Holdings (HKSE:00431) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Greater China Financial Holdings Ltd (HKSE:00431) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Matheson Street, Suites 3612-16, 36th Floor, Tower Two, Times Square, Causeway Bay, Hong Kong, HKG

Website

https://www.greaterchina.com.hk

Greater China Financial Holdings Ltd, through its subsidiaries, is engaged in investment holding, industrial property development, general trading of consumable goods, securities brokerage, insurance brokerage, asset management and loan financing operation including loan financing, financial guarantee services, loan referral and consultancy services. It generates maximum revenue from the loan financing operation segment. It operates in Hong Kong and the PRC. Geographically, it derives a majority of revenue from China.

Greater China Financial Holdings (HKSE:00431) Headlines

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