Pioneer Global Group (HKSE:00224) ROCE % : 1.30% (As of Sep. 2023)

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What is Pioneer Global Group 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. Pioneer Global Group's annualized ROCE % for the quarter that ended in Sep. 2023 was 1.30%.

Pioneer Global Group ROCE % Historical Data

The historical data trend for Pioneer Global Group'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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Pioneer Global Group ROCE % Chart

Pioneer Global Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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7.74

1.67

4.85

2.99

1.36

Pioneer Global Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial															4.85	1.42	0.76	1.98	1.30

Pioneer Global Group ROCE % Calculation

Pioneer Global Group'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 )
	=	146.001	/	( ( (11132.591 - 60.925)	+	(11140.635 - 722.475) )	/ 2 )
	=	146.001	/	( (11071.666	+	10418.16)	/ 2 )
	=	146.001	/	10744.913
	=	1.36 %

Pioneer Global Group'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: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	130.956	/	( ( (11140.635 - 722.475)	+	(11116.561 - 1313.063) )	/ 2 )
	=	130.956	/	( ( 10418.16	+	9803.498 )	/ 2 )
	=	130.956	/	10110.829
	=	1.30 %

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

Pioneer Global Group (HKSE:00224) 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.

Pioneer Global Group ROCE % Related Terms

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Pioneer Global Group (HKSE:00224) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Pioneer Global Group Ltd (HKSE:00224) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

68 Yee Wo Street, 18th Floor, Causeway Bay, Hong Kong, HKG

Website

http://www.pioneerglobalgroup.com

Pioneer Global Group Ltd is an investment holding company. The company's operating segment includes Properties and hotels, and Investments and others. The company generates maximum revenue from the Properties and hotels segment which involves investment in properties and hotels that earn rental and returns in hotel operation. The company earns revenue from the rental, dividend, and interest income. Geographically, the company derives a majority of its revenue from Hong Kong and also has an international presence.

Executives

Gaw Kenneth	2305 Beneficiary of a trust
Gaw Wang Rossana	2201 Interest of corporation controlled by you
Forward Investments Inc.	2101 Beneficial owner
Asset-plus Investments Ltd.	2101 Beneficial owner
Intercontinental Enterprises Corp.	2101 Beneficial owner

Pioneer Global Group (HKSE:00224) Headlines

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