Get Nice Financial Group (HKSE:01469) ROCE % : 2.38% (As of Mar. 2024)

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What is Get Nice Financial 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. Get Nice Financial Group's annualized ROCE % for the quarter that ended in Mar. 2024 was 2.38%.

Get Nice Financial Group ROCE % Historical Data

The historical data trend for Get Nice Financial 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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Get Nice Financial Group ROCE % Chart

Get Nice Financial Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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5.17

6.62

11.96

4.01

3.56

Get Nice Financial 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															3.96	4.06	4.73	2.38	3.70

Get Nice Financial Group ROCE % Calculation

Get Nice Financial 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 )
	=	154.544	/	( ( (4702.241 - 364.199)	+	(4613.766 - 260.522) )	/ 2 )
	=	154.544	/	( (4338.042	+	4353.244)	/ 2 )
	=	154.544	/	4345.643
	=	3.56 %

Get Nice Financial 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 )
	=	103.682	/	( ( (4682.743 - 333.713)	+	(4613.766 - 260.522) )	/ 2 )
	=	103.682	/	( ( 4349.03	+	4353.244 )	/ 2 )
	=	103.682	/	4351.137
	=	2.38 %

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

Get Nice Financial Group (HKSE:01469) 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.

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Get Nice Financial Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Get Nice Financial Group Ltd (HKSE:01469) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

183 Queen’s Road Central, 10th Floor Cosco Tower, Grand Millennium Plaza, Hong Kong, HKG

Website

https://www.getnicefg.com.hk

Get Nice Financial Group Ltd is an investment holding company. The principal activities of the company include being engaged in the provision of financial services, including securities dealing and broking, futures and options broking, underwriting and placements, securities margin financing, corporate finance services and asset management services. The company's segment includes Broking; Securities margin financing; Corporate finance; Asset Management and Investments. The company generates maximum revenue from the Securities margin financing segment. Geographically, the company derives a majority of its revenue from Hong Kong.

Executives

Honeylink Agents Limited
Hung Hon Man

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