Grand Power Logistics Group (HKSE:08489) ROCE % : 0.00% (As of Jun. 2024)

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What is Grand Power Logistics 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. Grand Power Logistics Group's annualized ROCE % for the quarter that ended in Jun. 2024 was 0.00%.

Grand Power Logistics Group ROCE % Historical Data

The historical data trend for Grand Power Logistics 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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Grand Power Logistics Group ROCE % Chart

Grand Power Logistics Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-4.81

36.78

21.54

-16.90

0.46

Grand Power Logistics Group Quarterly Data
	Dec17	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															-19.11	5.31	4.40	12.18	-

Grand Power Logistics Group ROCE % Calculation

Grand Power Logistics Group'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 )
	=	0.623	/	( ( (236.497 - 98.147)	+	(311.582 - 176.344) )	/ 2 )
	=	0.623	/	( (138.35	+	135.238)	/ 2 )
	=	0.623	/	136.794
	=	0.46 %

Grand Power Logistics Group'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 )
	=	0	/	( ( (311.582 - 176.344)	+	(289.741 - 163.354) )	/ 2 )
	=	0	/	( ( 135.238	+	126.387 )	/ 2 )
	=	0	/	130.8125
	=	0.00 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2024) EBIT data.

Grand Power Logistics Group (HKSE:08489) 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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Grand Power Logistics Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Grand Power Logistics Group Ltd (HKSE:08489) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Hok Cheung Street, Unit 611, 6th Floor, Tower 1 Harbour Centre, Hung Hom, Kowloon, HKG

Website

https://www.grandpowerexpress.com

Grand Power Logistics Group Ltd is an investment holding company and its subsidiaries are principally engaged in the provision of air-freight and ocean-freight forwarding services as an integrated logistics services provider, which involves arranging shipments upon receipt of booking instructions from its customers, obtaining cargo spaces from cargo space suppliers (including airlines, shipping liners and other freight forwarders) and preparing the relevant documentations (such as customs clearance from origin of consignment). Its business segments include Air freight forwarding services and Ocean freight forwarding services. It generates maximum revenue from the Air freight forwarding services segment. Its geographic segments are Europe, Asia, North America, and Others.

Executives

Peak Connect International Limited	2101 Beneficial owner
Profit Virtue Worldwide Limited	2101 Beneficial owner
Chiu Ricky Tong	2201 Interest of corporation controlled by you
Wong Sheng Ning Candace	2202 Interest of your spouse

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