Guosheng Financial Holding (SZSE:002670) ROCE % : 2.07% (As of Mar. 2024)

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What is Guosheng Financial Holding 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. Guosheng Financial Holding's annualized ROCE % for the quarter that ended in Mar. 2024 was 2.07%.

Guosheng Financial Holding ROCE % Historical Data

The historical data trend for Guosheng Financial Holding'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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Guosheng Financial Holding ROCE % Chart

Guosheng Financial Holding Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.00

-1.17

3.26

-2.23

0.93

Guosheng Financial Holding Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															3.31	2.93	-0.85	-1.69	2.07

Guosheng Financial Holding ROCE % Calculation

Guosheng Financial Holding'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 )
	=	118.434	/	( ( (30783.063 - 17748.915)	+	(32504.608 - 19970.534) )	/ 2 )
	=	118.434	/	( (13034.148	+	12534.074)	/ 2 )
	=	118.434	/	12784.111
	=	0.93 %

Guosheng Financial Holding's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	265.812	/	( ( (32504.608 - 19970.534)	+	(37675.111 - 24477.196) )	/ 2 )
	=	265.812	/	( ( 12534.074	+	13197.915 )	/ 2 )
	=	265.812	/	12865.9945
	=	2.07 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Guosheng Financial Holding (SZSE:002670) 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.

Guosheng Financial Holding ROCE % Related Terms

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Guosheng Financial Holding (SZSE:002670) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Guosheng Financial Holding Inc (SZSE:002670) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 5033 Yitian Road, 101F , Ping An Financial Center, Futian District, Guangdong Province, Shenzhen, CHN, 518000

Website

http://www.guoshengjinkong.com

Guosheng Financial Holding Inc is a China based integrated financial service group. It provides financial products and services including securities, investment, finance and technology. The company focuses on building brokerage and securities research, institutional securities, credit, investment management and internet finance, leading to provide customers with a chain of financial services.

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