Gogox Holdings (HKSE:02246) ROCE % : -36.26% (As of Jun. 2024)

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What is Gogox Holdings 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. Gogox Holdings's annualized ROCE % for the quarter that ended in Jun. 2024 was -36.26%.

Gogox Holdings ROCE % Historical Data

The historical data trend for Gogox Holdings'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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Gogox Holdings ROCE % Chart

Gogox Holdings Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-19.14

-93.27

-100.37

-87.39

-107.95

Gogox Holdings Semi-Annual Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial					-149.95	-20.95	-105.91	-131.24	-36.26

Gogox Holdings ROCE % Calculation

Gogox Holdings'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 )
	=	-1204.908	/	( ( (2149.542 - 464.963)	+	(948.282 - 400.54) )	/ 2 )
	=	-1204.908	/	( (1684.579	+	547.742)	/ 2 )
	=	-1204.908	/	1116.1605
	=	-107.95 %

Gogox Holdings'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 )
	=	-179.542	/	( ( (948.282 - 400.54)	+	(794.961 - 352.447) )	/ 2 )
	=	-179.542	/	( ( 547.742	+	442.514 )	/ 2 )
	=	-179.542	/	495.128
	=	-36.26 %

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

Gogox Holdings (HKSE:02246) 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.

Gogox Holdings ROCE % Related Terms

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Gogox Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Gogox Holdings Ltd (HKSE:02246) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.7 Rongyuan Road, Room 212, Building C, Kaide Building Complex, Huayuan Industrial Park, Binhai Hi-tech Zone, Tianjin, CHN

Website

https://www.gogoxholdings.com

Gogox Holdings Ltd is an online platform for intra-city logistics services in Asia. The company operates two brands in this space, namely Kuaigou Dache in mainland China and GOGOX in other Asian countries and regions. The company's reportable segments are divided into Chinese mainland operations, and Hong Kong and overseas operations.

Executives

Credit Suisse Trust Limited	2301 Trustee
Xinyi Limited	2201 Interest of corporation controlled by you
Alibaba Group Holding Limited	2201 Interest of corporation controlled by you
Taobao China Holding Limited	2101 Beneficial owner
Taobao Holding Limited	2201 Interest of corporation controlled by you
58.com Inc.	2101 Beneficial owner
Nihao China Corporation	2201 Interest of corporation controlled by you
Nihao Haven Corporation	2201 Interest of corporation controlled by you
Quantum Bloom Group Ltd.	2201 Interest of corporation controlled by you
Yao Jinbo	2201 Interest of corporation controlled by you
Chen Xiaohua	2201 Interest of corporation controlled by you
58 Daojia Inc.	2101 Beneficial owner
Gogo Tech Holdings Limited	2101 Beneficial owner

Gogox Holdings Headlines

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