Bright Smart Securitiesmmodities Group (HKSE:01428) ROCE % : 61.08% (As of Mar. 2024)

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What is Bright Smart Securitiesmmodities 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. Bright Smart Securitiesmmodities Group's annualized ROCE % for the quarter that ended in Mar. 2024 was 61.08%.

Bright Smart Securitiesmmodities Group ROCE % Historical Data

The historical data trend for Bright Smart Securitiesmmodities 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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Bright Smart Securitiesmmodities Group ROCE % Chart

Bright Smart Securitiesmmodities Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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27.27

51.44

33.49

37.80

53.31

Bright Smart Securitiesmmodities 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															24.15	46.22	61.63	61.08	65.70

Bright Smart Securitiesmmodities Group ROCE % Calculation

Bright Smart Securitiesmmodities 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 )
	=	864.903	/	( ( (7729.37 - 5985.803)	+	(7078.456 - 5577.431) )	/ 2 )
	=	864.903	/	( (1743.567	+	1501.025)	/ 2 )
	=	864.903	/	1622.296
	=	53.31 %

Bright Smart Securitiesmmodities 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 )
	=	823.782	/	( ( (8050.79 - 6854.223)	+	(7078.456 - 5577.431) )	/ 2 )
	=	823.782	/	( ( 1196.567	+	1501.025 )	/ 2 )
	=	823.782	/	1348.796
	=	61.08 %

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

Bright Smart Securitiesmmodities Group (HKSE:01428) 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.

Bright Smart Securitiesmmodities Group ROCE % Related Terms

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Bright Smart Securitiesmmodities Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Bright Smart Securities & Commodities Group Ltd (HKSE:01428) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

0BX:Germany

Address

71 Des Voeux Road Central, 10th Floor and 23rd Floor, Wing On House, Central, Hong Kong, HKG

Website

https://www.bsgroup.com.hk

Bright Smart Securities & Commodities Group Ltd is a company that provides financial services, including securities broking, margin financing, commodities & futures broking, bullion trading and leveraged foreign exchange trading. The company operates via three segments. The Securities broking segment offers broking services in securities traded in Hong Kong and select overseas markets and provides margin financing services to its broking customers. The Commodities and futures broking segment offers broking services in commodities and futures contracts traded in Hong Kong and overseas markets. The Bullion trading segment provides trading services in bullion contracts traded overseas. The company generates majority of its revenue from the Securities broking segment.

Executives

New Charming Holdings Limited	2101 Beneficial owner
Yip Mow Lum	2201 Interest of corporation controlled by you

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