Reliance Global Holdings (HKSE:00723) ROCE % : -1.27% (As of Sep. 2023)

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What is Reliance Global 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. Reliance Global Holdings's annualized ROCE % for the quarter that ended in Sep. 2023 was -1.27%.

Reliance Global Holdings ROCE % Historical Data

The historical data trend for Reliance Global 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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Reliance Global Holdings ROCE % Chart

Reliance Global Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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16.91

17.88

18.61

9.41

0.68

Reliance Global Holdings 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															11.31	6.45	4.46	-2.78	-1.27

Reliance Global Holdings ROCE % Calculation

Reliance Global Holdings'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 )
	=	1.813	/	( ( (408.194 - 159.235)	+	(368.679 - 84.887) )	/ 2 )
	=	1.813	/	( (248.959	+	283.792)	/ 2 )
	=	1.813	/	266.3755
	=	0.68 %

Reliance Global Holdings'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 )
	=	-3.422	/	( ( (368.679 - 84.887)	+	(283.914 - 27.88) )	/ 2 )
	=	-3.422	/	( ( 283.792	+	256.034 )	/ 2 )
	=	-3.422	/	269.913
	=	-1.27 %

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

Reliance Global Holdings (HKSE:00723) 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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Reliance Global Holdings (HKSE:00723) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Reliance Global Holdings Ltd (HKSE:00723) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

23 Harbour Road, Room 2401A, 24th Floor, Great Eagle Centre, Wanchai, Hong Kong, HKG

Website

https://www.relianceglobal.com.hk

Reliance Global Holdings Ltd is an investment holding company. It operates through four segments namely forest-related business comprising timber supply chain and sustainable forest management, money lending business, and leasing of properties. The company generates a majority of its revenue from the sale of timber and wooden products segment. Its geographical segments include China, Hong Kong, Asia, Europe, and South America, out of which the majority of the revenue derives from China.

Executives

Champion Alliance Enterprises Limited
Elite Prosperous Enterprises Limited
Wang Jingyu

Reliance Global Holdings (HKSE:00723) Headlines

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