Progressive Path Group Holdings (HKSE:01581) ROCE % : 6.65% (As of Sep. 2023)

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What is Progressive Path Group 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. Progressive Path Group Holdings's annualized ROCE % for the quarter that ended in Sep. 2023 was 6.65%.

Progressive Path Group Holdings ROCE % Historical Data

The historical data trend for Progressive Path Group 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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Progressive Path Group Holdings ROCE % Chart

Progressive Path Group Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-14.07

-3.43

3.04

7.56

-3.85

Progressive Path Group Holdings Semi-Annual Data
	Mar14	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														6.76	8.27	3.64	-10.43	6.65

Progressive Path Group Holdings ROCE % Calculation

Progressive Path Group 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 )
	=	-11.218	/	( ( (471.057 - 197.041)	+	(567.113 - 258.084) )	/ 2 )
	=	-11.218	/	( (274.016	+	309.029)	/ 2 )
	=	-11.218	/	291.5225
	=	-3.85 %

Progressive Path Group 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 )
	=	20.414	/	( ( (567.113 - 258.084)	+	(565.193 - 260.228) )	/ 2 )
	=	20.414	/	( ( 309.029	+	304.965 )	/ 2 )
	=	20.414	/	306.997
	=	6.65 %

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

Progressive Path Group Holdings (HKSE:01581) 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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Progressive Path Group Holdings (HKSE:01581) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Progressive Path Group Holdings Ltd (HKSE:01581) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Number 22 Hoi Wing Road, Unit 1108, 11th Floor, Tuen Mun Central Square, Tuen Mun, New Territories, Hong Kong, HKG

Website

https://www.ppgh.com.hk

Progressive Path Group Holdings Ltd is engaged in construction engineering work and the provision of construction machinery rental services in Hong Kong. Its construction machinery rental services represent the rental of construction machines and construction vehicles to customers, and the provision of machine operators and transportation services as part of its one-stop construction machinery rental services. Its construction works represent the construction projects undertaken, the nature of which are broadly classified as foundation and site formation works, and builder's work and general building works. Its segments are Construction works and Construction Machinery Rental.

Progressive Path Group Holdings (HKSE:01581) Headlines

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