Wealth Glory Holdings (HKSE:08269) ROCE % : -25.72% (As of Sep. 2023)

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What is Wealth Glory 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. Wealth Glory Holdings's annualized ROCE % for the quarter that ended in Sep. 2023 was -25.72%.

Wealth Glory Holdings ROCE % Historical Data

The historical data trend for Wealth Glory 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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Wealth Glory Holdings ROCE % Chart

Wealth Glory Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-12.96

-16.79

-76.63

-47.51

-52.69

Wealth Glory Holdings Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															-16.53	-52.49	-130.80	-5.43	-25.72

Wealth Glory Holdings ROCE % Calculation

Wealth Glory Holdings's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	-25.239	/	( ( (76.512 - 28.506)	+	(79.849 - 32.045) )	/ 2 )
	=	-25.239	/	( (48.006	+	47.804)	/ 2 )
	=	-25.239	/	47.905
	=	-52.69 %

Wealth Glory Holdings's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-11.396	/	( ( (0 - 0)	+	(80.046 - 35.74) )	/ 1 )
	=	-11.396	/	( ( 0	+	44.306 )	/ 1 )
	=	-11.396	/	44.306
	=	-25.72 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

Wealth Glory Holdings (HKSE:08269) 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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Wealth Glory Holdings (HKSE:08269) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Wealth Glory Holdings Ltd (HKSE:08269) » Definitions » ROCE %

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Address

70 Queen’s Road Central, Room 1104, Crawford House, Central, Hong Kong, HKG, +852 2548-1838

Website

http://www.wealthglory.com

Wealth Glory Holdings Ltd is engaged in the trading of natural resources and commodities. The company operates through four segments. The Natural resources and commodities segment is involved in the trading of natural resources and commodities, including iron ore concentrates, coal, and crude palm oil. The Money lending segment includes interest income from the money lending business. The Securities investment segment is involved in the investment in securities in Hong Kong. The Trading of Consumer Products segment is involved in the trading of trendy fashion merchandise and other consumer products. Its geographical segments are Hong Kong and China, of which the majority of its revenue comes from China. In the company's Securities Investment segment company is focuses on listed securities.

Wealth Glory Holdings (HKSE:08269) Headlines

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