Man King Holdings (HKSE:02193) ROCE % : 3.18% (As of Sep. 2023)

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What is Man King 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. Man King Holdings's annualized ROCE % for the quarter that ended in Sep. 2023 was 3.18%.

Man King Holdings ROCE % Historical Data

The historical data trend for Man King 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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Man King Holdings ROCE % Chart

Man King Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-1.01

1.21

7.13

15.09

16.72

Man King Holdings Semi-Annual Data
	Mar14	Sep14	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															20.63	10.08	24.29	9.34	3.18

Man King Holdings ROCE % Calculation

Man King 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 )
	=	51.385	/	( ( (415.888 - 123.011)	+	(461.531 - 139.705) )	/ 2 )
	=	51.385	/	( (292.877	+	321.826)	/ 2 )
	=	51.385	/	307.3515
	=	16.72 %

Man King 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 )
	=	10.066	/	( ( (461.531 - 139.705)	+	(430.389 - 119.385) )	/ 2 )
	=	10.066	/	( ( 321.826	+	311.004 )	/ 2 )
	=	10.066	/	316.415
	=	3.18 %

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

Man King Holdings (HKSE:02193) 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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Man King Holdings (HKSE:02193) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Man King Holdings Ltd (HKSE:02193) » Definitions » ROCE %

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Address

18 Tong Mi Road, Skyline Tower, Unit D, 10th Floor, Mongkok, Kowloon, Hong Kong, HKG

Website

https://www.manking.com.hk

Man King Holdings Ltd is an investment holding company principally engaged in the provision of civil engineering services. It derives prime revenue from civil engineering works. The engineering works undertaken are mainly related to roads and drainage; site formation and port works. The group has a business presence in Hong Kong and Mainland China, of which a majority of revenue is derived from Hong Kong.

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