Upbest Group (HKSE:00335) ROCE % : 2.44% (As of Sep. 2024)

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What is Upbest 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. Upbest Group's annualized ROCE % for the quarter that ended in Sep. 2024 was 2.44%.

Upbest Group ROCE % Historical Data

The historical data trend for Upbest 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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Upbest Group ROCE % Chart

Upbest Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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2.72

2.41

3.76

4.15

3.53

Upbest Group Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial															3.40	4.96	4.39	2.71	2.44

Upbest Group ROCE % Calculation

Upbest Group's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	98.111	/	( ( (3047.106 - 285.966)	+	(3071.342 - 280.848) )	/ 2 )
	=	98.111	/	( (2761.14	+	2790.494)	/ 2 )
	=	98.111	/	2775.817
	=	3.53 %

Upbest Group's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	67.828	/	( ( (3071.342 - 280.848)	+	(3143.872 - 378.164) )	/ 2 )
	=	67.828	/	( ( 2790.494	+	2765.708 )	/ 2 )
	=	67.828	/	2778.101
	=	2.44 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2024) EBIT data.

Upbest Group (HKSE:00335) 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.

Upbest Group ROCE % Related Terms

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Upbest Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Upbest Group Ltd (HKSE:00335) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

300 Des Voeux Road Central, 2nd Floor, Wah Kit Commercial Centre, Hong Kong, HKG

Website

http://www.upbest.com

Upbest Group Ltd is an investment holding company. Through its subsidiaries, it is engaged in securities broking, futures broking, securities margin financing, money lending, corporate finance advisory, assets management, precious metal trading, and property investment. The company's operating segment includes Broking, Financing, Corporate Finance, Assets Management, Properties Investment, and Precious Metal Trading. The maximum revenue for the company is generated from its Financing segment which represents its securities margin financing and money lending business. Geographically, the company derives its key revenue from Hong Kong and the rest from Macau and the People's Republic of China.

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