Mingguang Haomiao Security Protection Technology Co (BJSE:831856) ROCE % : 6.56% (As of Sep. 2024)

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What is Mingguang Haomiao Security Protection Technology Co 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. Mingguang Haomiao Security Protection Technology Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 6.56%.

Mingguang Haomiao Security Protection Technology Co ROCE % Historical Data

The historical data trend for Mingguang Haomiao Security Protection Technology Co'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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Mingguang Haomiao Security Protection Technology Co ROCE % Chart

Mingguang Haomiao Security Protection Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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15.77

7.75

5.91

8.01

2.12

Mingguang Haomiao Security Protection Technology Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															2.81	-4.82	-4.26	-5.15	6.56

Mingguang Haomiao Security Protection Technology Co ROCE % Calculation

Mingguang Haomiao Security Protection Technology Co's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	10.78	/	( ( (737.102 - 232.011)	+	(643.531 - 130.187) )	/ 2 )
	=	10.78	/	( (505.091	+	513.344)	/ 2 )
	=	10.78	/	509.2175
	=	2.12 %

Mingguang Haomiao Security Protection Technology Co's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	32.428	/	( ( (598.281 - 112.164)	+	(739.52 - 236.642) )	/ 2 )
	=	32.428	/	( ( 486.117	+	502.878 )	/ 2 )
	=	32.428	/	494.4975
	=	6.56 %

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

Mingguang Haomiao Security Protection Technology Co (BJSE:831856) 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.

Mingguang Haomiao Security Protection Technology Co ROCE % Related Terms

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Mingguang Haomiao Security Protection Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Mingguang Haomiao Security Protection Technology Co Ltd (BJSE:831856) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 151 Tiyu Road, Anhui Province, Mingguang, CHN, 239400

Website

https://www.hmvehicle.com

Mingguang Haomiao Security Protection Technology Co Ltd is mainly engaged in the research and development, production, sales and service of various fire trucks, police special vehicles and fire simulation training equipment. The company is committed to providing fire-fighting, elevating, security, and special-purpose fire trucks for the national comprehensive fire rescue team, the government's full-time firefighting team, and the full-time firefighting teams of petroleum, chemical, port, dock, energy and other enterprises, fire simulation training equipment, police equipment, fire pumps and other emergency rescue and firefighting equipment.

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