Minshang Creative Technology Holdings (HKSE:01632) ROCE % : 15.53% (As of Sep. 2023)

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What is Minshang Creative Technology 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. Minshang Creative Technology Holdings's annualized ROCE % for the quarter that ended in Sep. 2023 was 15.53%.

Minshang Creative Technology Holdings ROCE % Historical Data

The historical data trend for Minshang Creative Technology 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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Minshang Creative Technology Holdings ROCE % Chart

Minshang Creative Technology Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-32.47

-13.90

21.25

-11.46

-9.95

Minshang Creative Technology 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														0.15	-22.94	-3.71	-15.59	15.53

Minshang Creative Technology Holdings ROCE % Calculation

Minshang Creative Technology 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 )
	=	-17.313	/	( ( (198.638 - 31.281)	+	(224.285 - 43.505) )	/ 2 )
	=	-17.313	/	( (167.357	+	180.78)	/ 2 )
	=	-17.313	/	174.0685
	=	-9.95 %

Minshang Creative Technology 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 )
	=	28.774	/	( ( (224.285 - 43.505)	+	(226.052 - 36.231) )	/ 2 )
	=	28.774	/	( ( 180.78	+	189.821 )	/ 2 )
	=	28.774	/	185.3005
	=	15.53 %

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

Minshang Creative Technology Holdings (HKSE:01632) 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.

Minshang Creative Technology Holdings ROCE % Related Terms

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Minshang Creative Technology Holdings (HKSE:01632) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Minshang Creative Technology Holdings Ltd (HKSE:01632) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

89 Queensway, Unit 4203, 42nd Floor, Tower One Lippo Centre, Admiralty, Hong Kong, HKG

Website

http://www.minshangct.com

Minshang Creative Technology Holdings Ltd is an investment holding company. The company's operating segment includes the Vietnamese-style restaurant business in Hong Kong, Trading business in the PRC, and IT solution business. It generates maximum revenue from the Trading business segment. The Trading business segment focuses on offering 3C electronic products, frozen foods, and grain and oil products. Geographically, it derives a majority of revenue from China.

Minshang Creative Technology Holdings (HKSE:01632) Headlines

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