Jin Mi Fang Group Holdings (HKSE:08300) ROC % : 0.00% (As of Sep. 2024)

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What is Jin Mi Fang Group Holdings ROC %?

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. Jin Mi Fang Group Holdings's annualized return on capital (ROC %) for the quarter that ended in Sep. 2024 was 0.00%.

As of today (2025-04-07), Jin Mi Fang Group Holdings's WACC % is -0.19%. Jin Mi Fang Group Holdings's ROC % is -45.15% (calculated using TTM income statement data). Jin Mi Fang Group Holdings earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Jin Mi Fang Group Holdings ROC % Historical Data

The historical data trend for Jin Mi Fang Group Holdings's ROC % 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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Jin Mi Fang Group Holdings ROC % Chart

Jin Mi Fang Group Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROC %

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-52.56

-5.99

-26.40

-57.61

-69.69

Jin Mi Fang Group Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24	Sep24
ROC %	Get a 7-Day Free Trial															-68.24	-53.58	-68.91	-	-

Jin Mi Fang Group Holdings ROC % Calculation

Jin Mi Fang Group Holdings's annualized Return on Capital (ROC %) for the fiscal year that ended in Mar. 2024 is calculated as:

	ROC % (A: Mar. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (A: Mar. 2023 )	+	Invested Capital (A: Mar. 2024 ))	/ count )
=	-16.724 * ( 1 - -9.03% )	/	( (34.853	+	17.48)	/ 2 )
=	-18.2341772	/	26.1665
=	-69.69 %

where

	Invested Capital		(A: Mar. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	53.587	-	6.502	-	( 26.697	-	max(0, 27.404	-	39.636	+	26.697	))
=	34.853

	Invested Capital		(A: Mar. 2024 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	18.858	-	9.442	-	( 9.114	-	max(0, 25.935	-	17.871	+	9.114	))
=	17.48

Jin Mi Fang Group Holdings's annualized Return on Capital (ROC %) for the quarter that ended in Sep. 2024 is calculated as:

	ROC % (Q: Sep. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2024 )	+	Invested Capital (Q: Sep. 2024 ))	/ count )
=	0 * ( 1 - 0% )	/	( (17.48	+	18.699)	/ 2 )
=	0	/	18.0895
=	0.00 %

where

	Invested Capital		(Q: Mar. 2024 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	18.858	-	9.442	-	( 9.114	-	max(0, 25.935	-	17.871	+	9.114	))
=	17.48

	Invested Capital		(Q: Sep. 2024 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	9.811	-	7.531	-	( 0.686	-	max(0, 26.099	-	9.68	+	0.686	))
=	18.699

Note: The Operating Income data used here is four times the quarterly (Sep. 2024) data.

Jin Mi Fang Group Holdings (HKSE:08300) ROC % Explanation

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.

There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.

Why is ROC % important?

Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.

As of today, Jin Mi Fang Group Holdings's WACC % is -0.19%. Jin Mi Fang Group Holdings's ROC % is -45.15% (calculated using TTM income statement data). Jin Mi Fang Group Holdings earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Be Aware

Like ROE % and ROA %, ROC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Jin Mi Fang Group Holdings ROC % Related Terms

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Jin Mi Fang Group Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Jin Mi Fang Group Holdings Ltd (HKSE:08300) » Definitions » ROC %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Nos. 13-19 Kwai Wing Road, Room 07, 8/F, Kam Bun Industrial Building, Kwai Chung, New Territories, Hong Kong, HKG

Website

http://www.jmfghl.com

Jin Mi Fang Group Holdings Ltd is a company engaged in the development and supply of wine in China. Its business scope includes but is not limited to brand management, customization, marketing, and distribution of premium wines, with a focus on business-to-business sales of Chinese liquor. Their group is committed to becoming a widely known supplier of wine supplier in China.

Executives

Zhou Feng	2201 Interest of corporation controlled by you
Zhang Miao	2202 Interest of your spouse
Sky Shield Investment Limited	2101 Beneficial owner
Wong Man Wai	2101 Beneficial owner
Kong Yuen Man	2101 Beneficial owner
Li Wing Yin	2202 Interest of your spouse
Keenfull Investments Limited	2101 Beneficial owner
Li Chi Keung	2201 Interest of corporation controlled by you
Wong Hoi Ping	2202 Interest of your spouse
Fortune Round Limited	2101 Beneficial owner

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