Golden Faith Group Holdings (HKSE:02863) ROCE % : -17.65% (As of Sep. 2023)

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What is Golden Faith Group 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. Golden Faith Group Holdings's annualized ROCE % for the quarter that ended in Sep. 2023 was -17.65%.

Golden Faith Group Holdings ROCE % Historical Data

The historical data trend for Golden Faith Group 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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Golden Faith Group Holdings ROCE % Chart

Golden Faith Group Holdings Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

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13.75

12.40

8.00

5.34

-5.36

Golden Faith Group Holdings Semi-Annual Data
	Sep14	Sep15	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
ROCE %	Get a 7-Day Free Trial													6.56	4.11	6.89	-17.65	10.09

Golden Faith Group Holdings ROCE % Calculation

Golden Faith Group Holdings's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	-15.979	/	( ( (369.37 - 62.167)	+	(368.193 - 78.817) )	/ 2 )
	=	-15.979	/	( (307.203	+	289.376)	/ 2 )
	=	-15.979	/	298.2895
	=	-5.36 %

Golden Faith Group Holdings's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	-53.408	/	( ( (437.854 - 122.098)	+	(368.193 - 78.817) )	/ 2 )
	=	-53.408	/	( ( 315.756	+	289.376 )	/ 2 )
	=	-53.408	/	302.566
	=	-17.65 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2023) EBIT data.

Golden Faith Group Holdings (HKSE:02863) 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.

Golden Faith Group Holdings ROCE % Related Terms

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Golden Faith Group Holdings (HKSE:02863) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Golden Faith Group Holdings Ltd (HKSE:02863) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

9-11 Leighton Road, 15th Floor, Honest Building, Causeway Bay, Hong Kong, HKG

Website

http://www.goldenfaith.hk

Golden Faith Group Holdings Ltd is an investment holding company. The company's operating segment includes Electric and maintenance engineering services.

Executives

Ko Chun Hay Kelvin	2101 Beneficial owner
Yung On Wah	2101 Beneficial owner
Cheung Kam Fai	2101 Beneficial owner
Greatly Success Investment Trading Limited	2101 Beneficial owner

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