China Brilliant Global (HKSE:08026) ROCE % : -14.36% (As of Sep. 2023)

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What is China Brilliant Global 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. China Brilliant Global's annualized ROCE % for the quarter that ended in Sep. 2023 was -14.36%.

China Brilliant Global ROCE % Historical Data

The historical data trend for China Brilliant Global'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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China Brilliant Global ROCE % Chart

China Brilliant Global Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-51.17

-32.38

-31.07

-40.22

-56.22

China Brilliant Global Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															-12.30	-40.67	-35.52	-59.83	-14.36

China Brilliant Global ROCE % Calculation

China Brilliant Global'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 )
	=	-51.276	/	( ( (168.801 - 93.662)	+	(168.764 - 61.491) )	/ 2 )
	=	-51.276	/	( (75.139	+	107.273)	/ 2 )
	=	-51.276	/	91.206
	=	-56.22 %

China Brilliant Global'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: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-11.46	/	( ( (0 - 0)	+	(199.625 - 119.844) )	/ 1 )
	=	-11.46	/	( ( 0	+	79.781 )	/ 1 )
	=	-11.46	/	79.781
	=	-14.36 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

China Brilliant Global (HKSE:08026) 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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China Brilliant Global (HKSE:08026) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » China Brilliant Global Ltd (HKSE:08026) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

9 Des Voeux Road West, Flat B, 9th Floor, Sheung Wan, Hong Kong, HKG

Website

https://www.cbg.com.hk

China Brilliant Global Ltd engages in wholesale and retailing of jewellery, money lending and distribution and retailing of Chinese herbal medicine and drugs. The company operates its business through three segments are Trading and retailing of gold and jewellery segment; Lending business, and the Fintech business segment. The Trading and retailing of gold and jewellery contribute maximum in the revenue of the company. The group's operations are mainly located in the PRC and Hong Kong, of which prime revenue is generated from the PRC.

China Brilliant Global (HKSE:08026) Headlines

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