AGBAW (AGBA Group Holding) ROCE % : -576.60% (As of Jun. 2024)

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What is AGBA Group Holding 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. AGBA Group Holding's annualized ROCE % for the quarter that ended in Jun. 2024 was -576.60%.

AGBA Group Holding ROCE % Historical Data

The historical data trend for AGBA Group Holding'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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AGBA Group Holding ROCE % Chart

AGBA Group Holding Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

-12.14

132.88

-100.19

-209.51

AGBA Group Holding Quarterly Data
	Dec20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial									-491.38	-457.39	-400.76	-196.62	-576.60

AGBA Group Holding ROCE % Calculation

AGBA Group Holding'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 )
	=	-48.135	/	( ( (101.221 - 74.021)	+	(66.589 - 47.84) )	/ 2 )
	=	-48.135	/	( (27.2	+	18.749)	/ 2 )
	=	-48.135	/	22.9745
	=	-209.51 %

AGBA Group Holding's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	-43.176	/	( ( (61.117 - 48.068)	+	(89.275 - 87.348) )	/ 2 )
	=	-43.176	/	( ( 13.049	+	1.927 )	/ 2 )
	=	-43.176	/	7.488
	=	-576.60 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2024) EBIT data.

AGBA Group Holding (NAS:AGBAW) 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.

AGBA Group Holding ROCE % Related Terms

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AGBA Group Holding Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » AGBA Group Holding Ltd (NAS:AGBAW) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

68 Johnston Road, AGBA Tower, Wan Chai, Hong Kong, HKG

Website

https://www.agba.com

AGBA Group Holding Ltd provides healthcare, wellness, financial advisory, and fintech services. The group is organized into four divisions: Platform, Distribution, Healthcare, and Fintech. The AGBA platform helps individual and corporate customers with financial, medical, and healthcare service options. The AGBA is an omnichannel one-stop financial business solution platform that offers financial services, expands business opportunities, and enhances business productivity to licensed financial advisors, licensed brokers, and licensed financial institutions.