Queen's Road Capital Investment (TSX:QRC) ROCE % : 25.33% (As of Feb. 2024)

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What is Queen's Road Capital Investment 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. Queen's Road Capital Investment's annualized ROCE % for the quarter that ended in Feb. 2024 was 25.33%.

Queen's Road Capital Investment ROCE % Historical Data

The historical data trend for Queen's Road Capital Investment'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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Queen's Road Capital Investment ROCE % Chart

Queen's Road Capital Investment Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

ROCE %

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-15.76

18.40

57.63

-1.48

1.96

Queen's Road Capital Investment Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial															-31.41	-20.13	58.25	50.14	25.33

Queen's Road Capital Investment ROCE % Calculation

Queen's Road Capital Investment's annualized ROCE % for the fiscal year that ended in Aug. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	6.049	/	( ( (300.416 - 1.525)	+	(319.753 - 1.573) )	/ 2 )
	=	6.049	/	( (298.891	+	318.18)	/ 2 )
	=	6.049	/	308.5355
	=	1.96 %

Queen's Road Capital Investment's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	93.76	/	( ( (363.285 - 1.664)	+	(410.112 - 31.564) )	/ 2 )
	=	93.76	/	( ( 361.621	+	378.548 )	/ 2 )
	=	93.76	/	370.0845
	=	25.33 %

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

Queen's Road Capital Investment (TSX:QRC) 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.

Queen's Road Capital Investment ROCE % Related Terms

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Queen's Road Capital Investment (TSX:QRC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Queen's Road Capital Investment Ltd (TSX:QRC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

BRSGF:USA 47U:Germany

Address

2 Queen’s Road Central, Suite 2006, Cheung Kong Centre, Hong Kong, HKG

Website

https://www.queensrdcapital.com

Queen's Road Capital Investment Ltd is a resource-focused investment company. It invests in privately held and publicly traded resource companies and has one operating segment, being the selection, acquisition, and management of investments. The company acquires and holds securities for long-term capital appreciation, with a focus on convertible debt securities and resource projects in development or production located in safe jurisdictions.

Executives

John James Cowin

10% Security Holder

Queen's Road Capital Investment (TSX:QRC) Headlines

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