KCG (Keystone Global Financial Group) ROIC %: 72.03% (As of Jun. 2025)


What is Keystone Global Financial Group ROIC %?

Keystone Global Financial Group KCG ROIC % is 72.03% as of Jun. 2025.

ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. Keystone Global Financial Group's annualized return on invested capital (ROIC %) for the quarter that ended in Jun. 2025 was 72.03%.

As of today (2026-06-25), Keystone Global Financial Group's WACC % is 0.00%. Keystone Global Financial Group's ROIC % is 0.00% (calculated using TTM income statement data). Keystone Global Financial Group earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Keystone Global Financial Group  (NAS:KCG) ROIC % Explanation

ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.

There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.

Why is ROIC % important?

Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.

As of today, Keystone Global Financial Group's WACC % is 0.00%. Keystone Global Financial Group's ROIC % is 0.00% (calculated using TTM income statement data). Keystone Global Financial Group earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Be Aware

Like ROE % and ROA %, ROIC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Keystone Global Financial Group ROIC % Related Terms

Keystone Global Financial Group ROIC % Historical Data

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The historical data trend for Keystone Global Financial Group's ROIC % 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.

Keystone Global Financial Group ROIC % Chart

Keystone Global Financial Group Annual Data
Trend Dec23 Dec24
ROIC %
-5.38 53.33

Keystone Global Financial Group Semi-Annual Data
Dec23 Jun24 Dec24 Jun25
ROIC % 0.00 58.19 50.30 72.03

KCG vs : ROIC % Comparison

For the Asset Management subindustry, Keystone Global Financial Group's ROIC %, along with its competitors' market caps and ROIC % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Keystone Global Financial Group ROIC % vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Keystone Global Financial Group's ROIC % distribution charts can be found below:

* The bar in red indicates where Keystone Global Financial Group's ROIC % falls into.


Keystone Global Financial Group ROIC % Calculation

Keystone Global Financial Group's annualized Return on Invested Capital (ROIC %) for the fiscal year that ended in Dec. 2024 is calculated as:

ROIC % (A: Dec. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (A: Dec. 2023 ) + Invested Capital (A: Dec. 2024 ))/ count )
=0.856 * ( 1 - 13.46% )/( (1.022 + 1.756)/ 2 )
=0.7407824/1.389
=53.33 %

where

Invested Capital(A: Dec. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=2.025 - 0.338 - ( 0.665 - max(0, 0.371 - 1.969+0.665))
=1.022

Invested Capital(A: Dec. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=3.132 - 0.533 - ( 0.843 - max(0, 0.615 - 2.902+0.843))
=1.756

Keystone Global Financial Group's annualized Return on Invested Capital (ROIC %) for the quarter that ended in Jun. 2025 is calculated as:

ROIC % (Q: Jun. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2024 ) + Invested Capital (Q: Jun. 2025 ))/ count )
=1.158 * ( 1 - 20.66% )/( (1.756 + 0.795)/ 2 )
=0.9187572/1.2755
=72.03 %

where

Invested Capital(Q: Dec. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=3.132 - 0.533 - ( 0.843 - max(0, 0.615 - 2.902+0.843))
=1.756

Invested Capital(Q: Jun. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=3.862 - 0.848 - ( 2.219 - max(0, 0.924 - 3.398+2.219))
=0.795

Note: The Operating Income data used here is two times the semi-annual (Jun. 2025) data. The tax rate is limited to between 0% and 100%.

* 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.

Frequently Asked Questions Learn more about ROIC % →
What does a ROIC % of 72.03% mean?
Keystone Global Financial Group (KCG) has a ROIC % of 72.03% as of Jun. 2025. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on Keystone Global Financial Group and its competitors.
Is Keystone Global Financial Group's ROIC % too high?
Keystone Global Financial Group's current ROIC % is 72.03%. The Asset Management industry median ROIC % is 1.20. Keystone Global Financial Group's value of 72.03% is 5927.6% above this industry median.
How does Keystone Global Financial Group's ROIC % compare to ?
Keystone Global Financial Group's ROIC % of 72.03% can be compared against companies in the Asset Management industry. The industry median ROIC % is 1.20. Keystone Global Financial Group's value of 72.03% is 5927.6% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROIC % for an Asset Management company?
The median ROIC % among Asset Management companies is 1.20, based on 710 companies in the industry. Companies in the top quartile (top 25%) have a ROIC % significantly above this median, while those in the bottom quartile fall well below. However, ROIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Keystone Global Financial Group's current ROIC % of 72.03% is 5927.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROIC % mean?
A high ROIC % can signal that a stock is expensive relative to its fundamentals. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on Keystone Global Financial Group and its competitors. For the Asset Management industry, the median ROIC % is 1.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Keystone Global Financial Group's current ROIC % is 72.03%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Keystone Global Financial Group stock overvalued right now?
Keystone Global Financial Group (KCG) has a current ROIC % of 72.03%. The current ROIC % is 72.03% and 5927.6% above the Asset Management industry median of 1.20. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROIC % calculated?
ROIC % is calculated from a company's financial statements. For Keystone Global Financial Group (KCG), the current ROIC % is 72.03% as of Jun. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Keystone Global Financial Group Business Description

Comparable Companies
Address 308-320 Des Voeux Road Central, 1902-3A, 19th Floot, FWD Financial Centre, Sheung Wan, Hong Kong, HKG
Keystone Global Financial Group is a boutique financial firm which focuses on providing quality asset management services to clients. The company conducts business through its wholly-owned Subsidiary, which is a licensed corporation under the SFO to engage in Type 1 (dealing in securities), Type 4 (advising on securities) and Type 9 (asset management) regulated activities in Hong Kong. It provides discretionary accounts services to manage clients' funds. The company specializes in designing investment portfolios to meet the needs of investors with different risk tolerance and investment preferences and to preserve and enhance the value of their assets. It provides asset management services for its clients by applying different investment strategies to optimize their asset allocation.