Guotai Junan International Holdings (HKSE:01788) ROCE % : 5.81% (As of Jun. 2023)

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What is Guotai Junan International Holdings 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. Guotai Junan International Holdings's annualized ROCE % for the quarter that ended in Jun. 2023 was 5.81%.

Guotai Junan International Holdings ROCE % Historical Data

The historical data trend for Guotai Junan International Holdings'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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Guotai Junan International Holdings ROCE % Chart

Guotai Junan International Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.59

11.36

7.57

2.52

5.51

Guotai Junan International Holdings 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															4.35	3.43	1.28	5.81	5.33

Guotai Junan International Holdings ROCE % Calculation

Guotai Junan International Holdings's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	691.292	/	( ( (106288.093 - 79320.402)	+	(94455.086 - 66492.35) )	/ 2 )
	=	691.292	/	( (26967.691	+	27962.736)	/ 2 )
	=	691.292	/	27465.2135
	=	2.52 %

Guotai Junan International Holdings's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	1632.566	/	( ( (94455.086 - 66492.35)	+	(102803.973 - 74572.711) )	/ 2 )
	=	1632.566	/	( ( 27962.736	+	28231.262 )	/ 2 )
	=	1632.566	/	28096.999
	=	5.81 %

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

Guotai Junan International Holdings (HKSE:01788) 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.

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Guotai Junan International Holdings (HKSE:01788) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Guotai Junan International Holdings Ltd (HKSE:01788) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 181 Queen’s Road Central, 27th Floor, Low Block, Grand Millennium Plaza, Central, Hong Kong, HKG

Website

https://www.gtjai.com

Guotai Junan International Holdings Ltd is an investment holding company with its subsidiaries engaged in providing financial services. The company operates in five segments: corporate finance, which provides advisory services, placing & underwriting services of debts and equity securities; institutional investor services segment provides market-making, investments, structured product solutions, lending, and other services; wealth management segment provides financial services and solutions to individual investors & small to medium-sized businesses and institutions; investment management is engaged in asset management and fund management services and also includes investment in funds, debts, and equity securities; and Others segment. The vast majority of its revenue comes from Hong Kong.

Guotai Junan International Holdings (HKSE:01788) Headlines

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