Bison Finance Group (HKSE:00888) ROCE % : 8.78% (As of Dec. 2023)

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What is Bison Finance 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. Bison Finance Group's annualized ROCE % for the quarter that ended in Dec. 2023 was 8.78%.

Bison Finance Group ROCE % Historical Data

The historical data trend for Bison Finance 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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Bison Finance Group ROCE % Chart

Bison Finance Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.21

-36.49

-59.89

-78.92

-14.53

Bison Finance Group 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															-98.32	-20.86	-134.21	-35.26	8.78

Bison Finance Group ROCE % Calculation

Bison Finance Group'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 )
	=	-11.158	/	( ( (207.784 - 116.697)	+	(186.639 - 124.12) )	/ 2 )
	=	-11.158	/	( (91.087	+	62.519)	/ 2 )
	=	-11.158	/	76.803
	=	-14.53 %

Bison Finance Group's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	5.73	/	( ( (184.719 - 116.718)	+	(186.639 - 124.12) )	/ 2 )
	=	5.73	/	( ( 68.001	+	62.519 )	/ 2 )
	=	5.73	/	65.26
	=	8.78 %

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

Bison Finance Group (HKSE:00888) 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.

Bison Finance Group ROCE % Related Terms

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Bison Finance Group (HKSE:00888) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Bison Finance Group Ltd (HKSE:00888) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

18 King Wah Road, 6th Floor, North Point, Hong Kong, HKG

Website

https://www.bison.com.hk

Bison Finance Group Ltd is an investment holding company. The company's operating segment includes Financial services which comprise loan financing services and licensed businesses including the provision of investment advisory services, advisory services on corporate finance, securities brokerage services, external asset management services and fund management services.

Executives

Wan Hiu Yeung	2201 Interest of corporation controlled by you
Jong Yat Kit (in The Capacity As The Receiver)	2201 Interest of corporation controlled by you
Dong Xing Zheng Quan Xiang Gang Jin Rong Kong Gu You Xian Gong Si	2106 Person having a security interest in shares
Dong Xing Zheng Quan Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Su Li Hong	2201 Interest of corporation controlled by you
Xin Ze Mao Yi You Xian Gong Si	2101 Beneficial owner
Tan Bin
Jiang Feng Yun
Deng Xianzi
Cruiser Determined Limited
China Orient Asset Management Co., Ltd.	2106 Person having a security interest in shares
Bliss Chance Global Limited
Bison Capital Financial Holdings Limited
Xu Peixin
Zhong Guo Hua Rong Zi Chan Guan Li Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you

Bison Finance Group (HKSE:00888) Headlines

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