Zhong Yang Financial Group (FRA:X8J) ROCE % : 19.00% (As of Sep. 2023)

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What is Zhong Yang Financial 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. Zhong Yang Financial Group's annualized ROCE % for the quarter that ended in Sep. 2023 was 19.00%.

Zhong Yang Financial Group ROCE % Historical Data

The historical data trend for Zhong Yang Financial 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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Zhong Yang Financial Group ROCE % Chart

Zhong Yang Financial Group Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

ROCE %

40.40

74.77

42.90

14.83

Zhong Yang Financial Group Semi-Annual Data
	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial			24.95	59.88	16.67	8.64	19.00

Zhong Yang Financial Group ROCE % Calculation

Zhong Yang Financial Group's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	3.203	/	( ( (12.604 - 3.124)	+	(37.625 - 3.906) )	/ 2 )
	=	3.203	/	( (9.48	+	33.719)	/ 2 )
	=	3.203	/	21.5995
	=	14.83 %

Zhong Yang Financial Group'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 )
	=	6.732	/	( ( (37.625 - 3.906)	+	(40.209 - 3.062) )	/ 2 )
	=	6.732	/	( ( 33.719	+	37.147 )	/ 2 )
	=	6.732	/	35.433
	=	19.00 %

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

Zhong Yang Financial Group (FRA:X8J) 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.

Zhong Yang Financial Group ROCE % Related Terms

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Zhong Yang Financial Group (FRA:X8J) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Zhong Yang Financial Group Ltd (FRA:X8J) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

TOP:USA

Address

118 Connaught Road West, Room 1101, Hong Kong, HKG

Website

https://www.zyfgl.com

TOP Financial Group Ltd is an online brokerage firm in Hong Kong specializing in the trading of local and overseas equities, futures, and options products. The company operates in only one segment which is the futures brokerage service.

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