Renaissance Asia Silk Road Group (HKSE:00274) ROCE % : 0.00% (As of Jun. 2023)

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What is Renaissance Asia Silk Road 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. Renaissance Asia Silk Road Group's annualized ROCE % for the quarter that ended in Jun. 2023 was 0.00%.

Renaissance Asia Silk Road Group ROCE % Historical Data

The historical data trend for Renaissance Asia Silk Road 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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Renaissance Asia Silk Road Group ROCE % Chart

Renaissance Asia Silk Road Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-47.19

-58.22

-69.07

Renaissance Asia Silk Road Group 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															-158.94	-	-	-	-

Renaissance Asia Silk Road Group ROCE % Calculation

Renaissance Asia Silk Road Group's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-9.321	/	( ( (290.584 - 284.573)	+	(298.69 - 400.471) )	/ 2 )
	=	-9.321	/	( (6.011	+	-101.781)	/ 2 )
	=	-9.321	/	-47.885
	=	19.47 %

Renaissance Asia Silk Road Group's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	-21.66	/	( ( (298.69 - 400.471)	+	(313.78 - 422.659) )	/ 2 )
	=	-21.66	/	( ( -101.781	+	-108.879 )	/ 2 )
	=	-21.66	/	-105.33
	=	0 %

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

Renaissance Asia Silk Road Group (HKSE:00274) 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.

Renaissance Asia Silk Road Group ROCE % Related Terms

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Renaissance Asia Silk Road Group (HKSE:00274) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Renaissance Asia Silk Road Group Ltd (HKSE:00274) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

168-200 Connaught Road Central, Room 1208, 12th Floor, West Tower, Shun Tak Centre, Hong Kong, HKG

Website

https://www.rasr.com.hk

Renaissance Asia Silk Road Group Ltd, formerly China Billion Resources Ltd is an investment holding company. It operates through three operating segments: Mining Products, which generates the majority of revenue; Moneylending; and Trading & wholesale. The Mining Products segment engages in gold mining, exploration, and trading of gold products. The Money Lending business segment provides money lending services. The Trading & wholesale segment is engaged in the trading of coal and wholesale & trading of frozen meat. Its geographical segments are Hong Kong and China, of which the majority of its revenue comes from China.

Executives

Zhang Jiaxin	2101 Beneficial owner
Reconstruction Capital Group Limited	2101 Beneficial owner
Sun Guiling	2201 Interest of corporation controlled by you
Wang Song	2201 Interest of corporation controlled by you
Excellent Shine Capital Limited	2101 Beneficial owner
Wang Huimin	2201 Interest of corporation controlled by you
Du Huiyan	2201 Interest of corporation controlled by you
China Zhongsheng Investment Limited	2101 Beneficial owner
Xu Huiqiang	2201 Interest of corporation controlled by you
Wang Yajun	2201 Interest of corporation controlled by you
Everbright Fortune Company Limited	2101 Beneficial owner
Mu Yongjie	2101 Beneficial owner
Ng Chikong	2101 Beneficial owner
Wang Juan	2101 Beneficial owner
Li Tiejian	2101 Beneficial owner

Renaissance Asia Silk Road Group (HKSE:00274) Headlines

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