G-Resources Group (HKSE:01051) ROCE % : 1.62% (As of Dec. 2023)

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What is G-Resources 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. G-Resources Group's annualized ROCE % for the quarter that ended in Dec. 2023 was 1.62%.

G-Resources Group ROCE % Historical Data

The historical data trend for G-Resources 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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G-Resources Group ROCE % Chart

G-Resources Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.97

4.78

4.37

-5.62

0.46

G-Resources Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															1.07	-8.10	-3.19	-0.70	1.62

G-Resources Group ROCE % Calculation

G-Resources 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 )
	=	55.348	/	( ( (12458.75 - 465.458)	+	(12247.664 - 241.706) )	/ 2 )
	=	55.348	/	( (11993.292	+	12005.958)	/ 2 )
	=	55.348	/	11999.625
	=	0.46 %

G-Resources Group's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	194.058	/	( ( (12278.995 - 357.655)	+	(12247.664 - 241.706) )	/ 2 )
	=	194.058	/	( ( 11921.34	+	12005.958 )	/ 2 )
	=	194.058	/	11963.649
	=	1.62 %

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

G-Resources Group (HKSE:01051) 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.

G-Resources Group ROCE % Related Terms

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G-Resources Group (HKSE:01051) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » G-Resources Group Ltd (HKSE:01051) » Definitions » ROCE %

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GGPXF:USA

Address

No. 151 Gloucester Road, Room 1801, 18th Floor, Capital Centre, Wanchai, Hong Kong, HKG

Website

https://www.g-resources.com

G-Resources Group Ltd is an investment and financial services company. The company is split across three segments: Principal investment business, Financial services business, and Real property business. The Principal investment business which derives majority revenue invests in listed and unlisted financial securities, including shares, bonds, and managed investments. The Financial services business generates revenue primarily from interest from money lending operations, and partly from commission income from financial services provided. The Real property business invests in Hong Kong commercial property and derives income through rent.

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