Courage Investment Group (HKSE:01145) ROCE % : 4.49% (As of Jun. 2024)

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What is Courage Investment 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. Courage Investment Group's annualized ROCE % for the quarter that ended in Jun. 2024 was 4.49%.

Courage Investment Group ROCE % Historical Data

The historical data trend for Courage Investment 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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Courage Investment Group ROCE % Chart

Courage Investment Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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-4.68

17.33

2.26

-6.34

2.97

Courage Investment Group Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
ROCE %	Get a 7-Day Free Trial															-0.84	-2.82	-9.90	4.49	1.46

Courage Investment Group ROCE % Calculation

Courage Investment Group'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 )
	=	-29.576	/	( ( (517.379 - 29.787)	+	(461.044 - 15.049) )	/ 2 )
	=	-29.576	/	( (487.592	+	445.995)	/ 2 )
	=	-29.576	/	466.7935
	=	-6.34 %

Courage Investment Group's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	20.26	/	( ( (461.044 - 15.049)	+	(464.406 - 8.489) )	/ 2 )
	=	20.26	/	( ( 445.995	+	455.917 )	/ 2 )
	=	20.26	/	450.956
	=	4.49 %

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

Courage Investment Group (HKSE:01145) 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.

Courage Investment Group ROCE % Related Terms

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Courage Investment Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Courage Investment Group Ltd (HKSE:01145) » Definitions » ROCE %

Traded in Other Exchanges

CIN:Singapore

Address

23 Harbour Road, Room 1501, 15th Floor, Great Eagle Centre, Wanchai, Hong Kong, HKG

Website

https://www.courageinv.com

Courage Investment Group Ltd is an investment holding company. The company's reportable segments include Marine transportation, Merchandise trading, Property holding and investment and Investment holding. It generates maximum revenue from the Marine transportation segment which comprises mainly vessel chartering business. Geographically, it derives a majority of its revenue from Hong Kong.

Executives

Liu Sainan	2201 Interest of corporation controlled by you
China Mark Limited	2101 Beneficial owner
Brilliant Epic Asia Limited	2201 Interest of corporation controlled by you
Success United Development Limited	2101 Beneficial owner
Suen Cho Hung, Paul	2201 Interest of corporation controlled by you

Courage Investment Group Headlines

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