TOP Financial Group (TOP Financial Group) ROCE % : 18.97% (As of Sep. 2023)

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What is TOP Financial 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. TOP Financial Group's annualized ROCE % for the quarter that ended in Sep. 2023 was 18.97%.

TOP Financial Group ROCE % Historical Data

The historical data trend for TOP Financial 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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TOP Financial Group ROCE % Chart

TOP Financial Group Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

ROCE %

40.41

77.59

41.64

14.74

TOP Financial Group Semi-Annual Data
	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial			24.80	58.24	16.28	8.99	18.97

TOP Financial Group ROCE % Calculation

TOP Financial Group'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 )
	=	3.429	/	( ( (13.881 - 3.441)	+	(40.284 - 4.182) )	/ 2 )
	=	3.429	/	( (10.44	+	36.102)	/ 2 )
	=	3.429	/	23.271
	=	14.74 %

TOP Financial Group'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 )
	=	7.184	/	( ( (40.284 - 4.182)	+	(42.913 - 3.268) )	/ 2 )
	=	7.184	/	( ( 36.102	+	39.645 )	/ 2 )
	=	7.184	/	37.8735
	=	18.97 %

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

TOP Financial Group (NAS:TOP) 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.

TOP Financial Group ROCE % Related Terms

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TOP Financial Group (TOP Financial Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » TOP Financial Group Ltd (NAS:TOP) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

118 Connaught Road West, Room 1101, Hong Kong, HKG

Website

https://www.zyfgl.com

TOP Financial Group Ltd is an online brokerage firm in Hong Kong specializing in the trading of local and overseas equities, futures, and options products. The company operates in only one segment which is the futures brokerage service.