Magnificent Hotel Investments (HKSE:00201) ROCE % : 3.13% (As of Dec. 2023)

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What is Magnificent Hotel Investments 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. Magnificent Hotel Investments's annualized ROCE % for the quarter that ended in Dec. 2023 was 3.13%.

Magnificent Hotel Investments ROCE % Historical Data

The historical data trend for Magnificent Hotel Investments'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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Magnificent Hotel Investments ROCE % Chart

Magnificent Hotel Investments Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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1.23

-4.64

2.02

15.20

1.60

Magnificent Hotel Investments Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															3.33	6.88	24.16	0.05	3.13

Magnificent Hotel Investments ROCE % Calculation

Magnificent Hotel Investments'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 )
	=	72.734	/	( ( (5265.508 - 728.99)	+	(5286.372 - 729.704) )	/ 2 )
	=	72.734	/	( (4536.518	+	4556.668)	/ 2 )
	=	72.734	/	4546.593
	=	1.60 %

Magnificent Hotel Investments's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	143.27	/	( ( (5287.735 - 702.804)	+	(5286.372 - 729.704) )	/ 2 )
	=	143.27	/	( ( 4584.931	+	4556.668 )	/ 2 )
	=	143.27	/	4570.7995
	=	3.13 %

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

Magnificent Hotel Investments (HKSE:00201) 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.

Magnificent Hotel Investments ROCE % Related Terms

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Magnificent Hotel Investments (HKSE:00201) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Magnificent Hotel Investments Ltd (HKSE:00201) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

24-30 Ice House Street, 3rd Floor, Shun Ho Tower, Central, Hong Kong, HKG

Website

http://www.magnificenthotelinv.com

Magnificent Hotel Investments Ltd is an investment holding company. The firm manages its business into three segments, namely Hospitality services, Property investment, and Securities investment. It operates the Ramada Hotel, Best Western Plus Hotel, Best Western Hotel, Magnificent International Hotel, Best Western Causeway Bay, and Grand City Hotel. It derives the majority of its revenue from the Hospitality services segment. Its geographical segments are Hong Kong, China, and the United States.

Executives

Alef United Holdings Limited	2401 A concert party to an agreement to buy shares
Credit Suisse Trust Limited	2201 Interest of corporation controlled by you
Hashim Majed Hashim A.	2201 Interest of corporation controlled by you
North Salomon Limited	2201 Interest of corporation controlled by you
Saray Capital Limited	2201 Interest of corporation controlled by you
Saray Value Fund Spc	2401 A concert party to an agreement to buy shares
Shobokshi Hussam Ali H.	2201 Interest of corporation controlled by you
Fmr Llc	2201 Interest of corporation controlled by you
Omnico Company Inc.	2201 Interest of corporation controlled by you
Shun Ho Holdings Limited	2201 Interest of corporation controlled by you
Shun Ho Property Investments Limited	2101 Beneficial owner
Trillion Resources Limited	2201 Interest of corporation controlled by you
Lee Pui Ling Liza	2202 Interest of your spouse

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