Goldstone Capital Group (HKSE:01160) ROCE % : -60.57% (As of Mar. 2024)

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What is Goldstone Capital 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. Goldstone Capital Group's annualized ROCE % for the quarter that ended in Mar. 2024 was -60.57%.

Goldstone Capital Group ROCE % Historical Data

The historical data trend for Goldstone Capital 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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Goldstone Capital Group ROCE % Chart

Goldstone Capital Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-98.87

-842.22

-40.40

-37.16

-53.18

Goldstone Capital 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															-34.14	-40.83	-47.71	-60.57	-54.29

Goldstone Capital Group ROCE % Calculation

Goldstone Capital 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 )
	=	-9.347	/	( ( (29.585 - 7.329)	+	(18.841 - 5.943) )	/ 2 )
	=	-9.347	/	( (22.256	+	12.898)	/ 2 )
	=	-9.347	/	17.577
	=	-53.18 %

Goldstone Capital Group's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	-9.208	/	( ( (22.529 - 5.022)	+	(18.841 - 5.943) )	/ 2 )
	=	-9.208	/	( ( 17.507	+	12.898 )	/ 2 )
	=	-9.208	/	15.2025
	=	-60.57 %

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

Goldstone Capital Group (HKSE:01160) 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.

Goldstone Capital Group ROCE % Related Terms

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Goldstone Capital Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Goldstone Capital Group Ltd (HKSE:01160) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

12 Harcourt Road, Room 1801A, 18th Floor, Bank of America Tower, Admiralty, Hong Kong, HKG

Website

http://www.grandinv.com

Goldstone Capital Group Ltd is an investment holding company. The company is principally engaged in investing in listed and unlisted enterprises established in Hong Kong, the People's Republic of China, and other regions with the potential for earnings growth and capital appreciation. It generates revenue from Dividend income and Interest income.

Executives

Luo Yan
Sunwah Tungfang Limited
Dt Capital Limited	2101 Beneficial owner
Gold Pond International Limited	2101 Beneficial owner
Huang Bin	2201 Interest of corporation controlled by you
Radiant Goldstone Holdings Limited	2201 Interest of corporation controlled by you

Goldstone Capital Group Headlines

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