Hi-Great Group Holding Co (Hi-Great Group Holding Co) ROCE % : 0.00% (As of Mar. 2024)

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What is Hi-Great Group Holding 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. Hi-Great Group Holding Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 0.00%.

Hi-Great Group Holding Co ROCE % Historical Data

The historical data trend for Hi-Great Group Holding 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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Hi-Great Group Holding Co ROCE % Chart

Hi-Great Group Holding Co Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

2.97

4.03

Hi-Great Group Holding Co Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial					-66.67	-	-	-	-

Hi-Great Group Holding Co ROCE % Calculation

Hi-Great Group Holding 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 )
	=	-0.119	/	( ( (0.182 - 0.134)	+	(0.084 - 0.172) )	/ 2 )
	=	-0.119	/	( (0.048	+	-0.088)	/ 2 )
	=	-0.119	/	-0.02
	=	595.00 %

Hi-Great Group Holding Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-0.016	/	( ( (0.084 - 0.172)	+	(0.082 - 0.175) )	/ 2 )
	=	-0.016	/	( ( -0.088	+	-0.093 )	/ 2 )
	=	-0.016	/	-0.0905
	=	0 %

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

Hi-Great Group Holding Co (OTCPK:HIGR) 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.

Hi-Great Group Holding Co ROCE % Related Terms

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Hi-Great Group Holding Co (Hi-Great Group Holding Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Hi-Great Group Holding Co (OTCPK:HIGR) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

50 West Liberty Street, Suite 880, Reno, NV, USA, 89501

Website

http://www.asia-great.com

Hi-Great Group Holding Co is a development stage company that engages in sale of herbal supplements.

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