Green Energy Group (HKSE:00979) ROCE % : -11.27% (As of Dec. 2023)

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What is Green Energy 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. Green Energy Group's annualized ROCE % for the quarter that ended in Dec. 2023 was -11.27%.

Green Energy Group ROCE % Historical Data

The historical data trend for Green Energy 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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Green Energy Group ROCE % Chart

Green Energy Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-26.88

-29.12

-40.08

-11.04

Green Energy Group Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-38.75	-39.62	-38.54	14.22	-11.27

Green Energy Group ROCE % Calculation

Green Energy Group's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-4.713	/	( ( (71.596 - 28.476)	+	(50.687 - 8.459) )	/ 2 )
	=	-4.713	/	( (43.12	+	42.228)	/ 2 )
	=	-4.713	/	42.674
	=	-11.04 %

Green Energy Group's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-6.042	/	( ( (50.687 - 8.459)	+	(71.252 - 6.302) )	/ 2 )
	=	-6.042	/	( ( 42.228	+	64.95 )	/ 2 )
	=	-6.042	/	53.589
	=	-11.27 %

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

Green Energy Group (HKSE:00979) 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.

Green Energy Group ROCE % Related Terms

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Green Energy Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Green Energy Group Ltd (HKSE:00979) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

99 Queen’s Road Central, Room 7712, 77th Floor, The Center, Hong Kong, HKG

Website

https://www.greenenergy.hk

Green Energy Group Ltd is an investment holding company. Along with its subsidiaries, the company operates in the following reportable segments; Waste construction materials and processing services; Renewable energy; Plastic recycling/ metal scrap, and Money lending. It generates maximum revenue from the Renewable energy segment. The Renewable energy segment includes the trading and processing of recyclable oil/biodiesel. Geographically, it derives a majority of its revenue from Europe, and the rest from Hong Kong, Malaysia, Singapore, and the People's Republic of China.

Executives

New Glory Business Corporation	2101 Beneficial owner
Rich Bay Global Limited	2101 Beneficial owner
Superactive Asset Management Limited	2201 Interest of corporation controlled by you
Lee Chi Shing Caesar	2201 Interest of corporation controlled by you
Yeung So Lai	2201 Interest of corporation controlled by you

Green Energy Group Headlines

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