Upbest Group (HKSE:00335) ROCE % : 4.39% (As of Sep. 2023)

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What is Upbest 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. Upbest Group's annualized ROCE % for the quarter that ended in Sep. 2023 was 4.39%.

Upbest Group ROCE % Historical Data

The historical data trend for Upbest 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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Upbest Group ROCE % Chart

Upbest Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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11.33

2.72

2.41

3.76

4.15

Upbest Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial															4.20	3.35	3.40	4.96	4.39

Upbest Group ROCE % Calculation

Upbest 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 )
	=	113.778	/	( ( (3292.975 - 574.474)	+	(3047.106 - 285.966) )	/ 2 )
	=	113.778	/	( (2718.501	+	2761.14)	/ 2 )
	=	113.778	/	2739.8205
	=	4.15 %

Upbest 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 )
	=	121.06	/	( ( (3047.106 - 285.966)	+	(2969.781 - 212.726) )	/ 2 )
	=	121.06	/	( ( 2761.14	+	2757.055 )	/ 2 )
	=	121.06	/	2759.0975
	=	4.39 %

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

Upbest Group (HKSE:00335) 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.

Upbest Group ROCE % Related Terms

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Upbest Group (HKSE:00335) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Upbest Group Ltd (HKSE:00335) » Definitions » ROCE %

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N/A

Address

300 Des Voeux Road Central, 2nd Floor, Wah Kit Commercial Centre, Hong Kong, HKG

Website

https://www.upbest.com

Upbest Group Ltd is an investment holding company. The principal activity of the Company is investment holding. Its subsidiaries are principally engaged in securities broking, futures broking, securities margin financing, money lending, corporate finance advisory, assets management, precious metal trading, and property investment. The company's operating segment includes Broking, Financing, corporate finance, assets management, properties investment, and precious metal trading the firm generates the majority of its revenue from property investment. geographically the majority of its revenues come from Hongkong.

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