Global Strategic Group (HKSE:08007) ROCE % : 86.56% (As of Sep. 2023)

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What is Global Strategic 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. Global Strategic Group's annualized ROCE % for the quarter that ended in Sep. 2023 was 86.56%.

Global Strategic Group ROCE % Historical Data

The historical data trend for Global Strategic 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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Global Strategic Group ROCE % Chart

Global Strategic Group Annual Data

Trend

Jun13

Jun14

Dec15

Dec16

Dec17

Dec18

Sep20

Sep21

Sep22

Sep23

ROCE %

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-12.15

-95.69

-15.19

10.81

13.34

Global Strategic Group Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															64.57	-9.38	-26.70	-0.28	86.56

Global Strategic Group ROCE % Calculation

Global Strategic Group'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 )
	=	22.089	/	( ( (239.857 - 75.911)	+	(299.338 - 132.228) )	/ 2 )
	=	22.089	/	( (163.946	+	167.11)	/ 2 )
	=	22.089	/	165.528
	=	13.34 %

Global Strategic 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: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	144.656	/	( ( (0 - 0)	+	(299.338 - 132.228) )	/ 1 )
	=	144.656	/	( ( 0	+	167.11 )	/ 1 )
	=	144.656	/	167.11
	=	86.56 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

Global Strategic Group (HKSE:08007) 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.

Global Strategic Group ROCE % Related Terms

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Global Strategic Group (HKSE:08007) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Global Strategic Group Ltd (HKSE:08007) » Definitions » ROCE %

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Address

89 Lockhart Road, Room 803, 8th Floor, Wanchai Central Building, Wan Cha, Hong Kong, HKG

Website

http://www.globalstrategicgroup.com.hk

Global Strategic Group Ltd is an investment holding company. The company's operating segment includes Natural gas operations; sales and Leasing business and Independent financial advisory. It generates maximum revenue from the Natural gas operations segment. The Natural gas operations segment includes investment in natural gas projects, sales of natural gas, natural gas cooking appliance and accessories, and pipeline installation. Geographically, it derives a majority of revenue from China.

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