Minerva Group Holding (HKSE:00397) ROCE % : -2.13% (As of Jun. 2024)

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What is Minerva Group Holding 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. Minerva Group Holding's annualized ROCE % for the quarter that ended in Jun. 2024 was -2.13%.

Minerva Group Holding ROCE % Historical Data

The historical data trend for Minerva Group Holding'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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Minerva Group Holding ROCE % Chart

Minerva Group Holding Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-4.67

3.37

10.46

-11.37

-7.88

Minerva Group Holding Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															-2.02	-20.55	-5.35	-10.33	-2.13

Minerva Group Holding ROCE % Calculation

Minerva Group Holding'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 )
	=	-106.188	/	( ( (1472.917 - 53.499)	+	(1325.798 - 49.159) )	/ 2 )
	=	-106.188	/	( (1419.418	+	1276.639)	/ 2 )
	=	-106.188	/	1348.0285
	=	-7.88 %

Minerva Group Holding's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	-27.026	/	( ( (1325.798 - 49.159)	+	(1329.193 - 65.287) )	/ 2 )
	=	-27.026	/	( ( 1276.639	+	1263.906 )	/ 2 )
	=	-27.026	/	1270.2725
	=	-2.13 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

Minerva Group Holding (HKSE:00397) 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.

Minerva Group Holding ROCE % Related Terms

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Minerva Group Holding Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Minerva Group Holding Ltd (HKSE:00397) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

16 Harcourt Road, Unit 1804A, 18th floor, Far East Finance Centre, Hong Kong, HKG

Website

https://www.minervagroup.hk

Minerva Group Holding Ltd is principally engaged in the financial services business. The company operates through four segments; Financial services, Money lending, Trading, and the Assets investment segment. The company generates a majority of its revenue from the Money lending segment which provides loan financing. The Financial services segment provides securities brokerage, placing, and corporate finance advisory services, the Trading segment is involved in the trading of healthcare-related products, and the Assets investment segment comprises its investments in debt securities earning fixed interest income, investments in properties earning rental income and capital gains, and other investments. The firm's revenue is derived from its operations in Hong Kong.

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