Guolian Securities Co (HKSE:01456) ROCE % : 0.24% (As of Mar. 2024)

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What is Guolian Securities Co 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. Guolian Securities Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 0.24%.

Guolian Securities Co ROCE % Historical Data

The historical data trend for Guolian Securities Co'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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Guolian Securities Co ROCE % Chart

Guolian Securities Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.33

9.71

8.82

5.14

3.78

Guolian Securities Co Quarterly Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															5.09	8.17	3.89	-	0.24

Guolian Securities Co ROCE % Calculation

Guolian Securities Co'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 )
	=	2268.76	/	( ( (83063.47 - 30660.886)	+	(95299.724 - 27554.715) )	/ 2 )
	=	2268.76	/	( (52402.584	+	67745.009)	/ 2 )
	=	2268.76	/	60073.7965
	=	3.78 %

Guolian Securities Co'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 )
	=	163.12	/	( ( (95299.724 - 27554.715)	+	(101278.072 - 35364.306) )	/ 2 )
	=	163.12	/	( ( 67745.009	+	65913.766 )	/ 2 )
	=	163.12	/	66829.3875
	=	0.24 %

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

Guolian Securities Co (HKSE:01456) 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.

Guolian Securities Co ROCE % Related Terms

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Guolian Securities Co (HKSE:01456) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Guolian Securities Co Ltd (HKSE:01456) » Definitions » ROCE %

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Traded in Other Exchanges

601456:China

Address

No. 8 Jinrong One Street, Jiangsu Province, Wuxi, CHN, 214000

Website

https://www.glsc.com.cn

Guolian Securities Co Ltd is a china based financial institution. The company's operating segments include Brokerage and wealth management; Credit transaction; Investment banking; Proprietary trading; Asset management and investment and Other businesses. It generates maximum revenue from the Proprietary trading segment. The Proprietary trading segment includes trading in financial products. The Brokerage and wealth management segment includes securities trading and brokering services, sales of wealth management products, investment consulting, and asset allocation.

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