Prestige Wealth (Prestige Wealth) ROCE % : -45.76% (As of Sep. 2023)

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What is Prestige Wealth 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. Prestige Wealth's annualized ROCE % for the quarter that ended in Sep. 2023 was -45.76%.

Prestige Wealth ROCE % Historical Data

The historical data trend for Prestige Wealth'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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Prestige Wealth ROCE % Chart

Prestige Wealth Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

ROCE %

34.68

35.11

29.71

-18.97

Prestige Wealth Semi-Annual Data
	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial			-27.06	63.99	-3.66	9.35	-45.76

Prestige Wealth ROCE % Calculation

Prestige Wealth'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 )
	=	-1.112	/	( ( (5.998 - 0.62)	+	(6.864 - 0.52) )	/ 2 )
	=	-1.112	/	( (5.378	+	6.344)	/ 2 )
	=	-1.112	/	5.861
	=	-18.97 %

Prestige Wealth'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 )
	=	-2.738	/	( ( (5.935 - 0.313)	+	(6.864 - 0.52) )	/ 2 )
	=	-2.738	/	( ( 5.622	+	6.344 )	/ 2 )
	=	-2.738	/	5.983
	=	-45.76 %

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

Prestige Wealth (NAS:PWM) 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.

Prestige Wealth ROCE % Related Terms

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Prestige Wealth (Prestige Wealth) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Prestige Wealth Inc (NAS:PWM) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Queen’s Road Central, Suite 5102, 51th Floor, Cheung Kong Center, Hong Kong, HKG

Website

https://www.prestigewm.hk

Prestige Wealth Inc is engaged in providing private wealth management services and asset management to high-net-worth and ultra-high-net-worth individuals and enterprises through its subsidiaries.

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