Maoye International Holdings (HKSE:00848) ROCE % : 4.14% (As of Jun. 2024)

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What is Maoye International 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. Maoye International Holdings's annualized ROCE % for the quarter that ended in Jun. 2024 was 4.14%.

Maoye International Holdings ROCE % Historical Data

The historical data trend for Maoye International 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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Maoye International Holdings ROCE % Chart

Maoye International Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.99

4.36

4.91

4.24

3.11

Maoye International Holdings 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															4.52	4.23	4.21	1.91	4.14

Maoye International Holdings ROCE % Calculation

Maoye International Holdings'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 )
	=	1097.644	/	( ( (56100.285 - 19729.022)	+	(53642.589 - 19430.492) )	/ 2 )
	=	1097.644	/	( (36371.263	+	34212.097)	/ 2 )
	=	1097.644	/	35291.68
	=	3.11 %

Maoye International Holdings'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 )
	=	1308.188	/	( ( (53642.589 - 19430.492)	+	(51183.686 - 22268.196) )	/ 2 )
	=	1308.188	/	( ( 34212.097	+	28915.49 )	/ 2 )
	=	1308.188	/	31563.7935
	=	4.14 %

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

Maoye International Holdings (HKSE:00848) 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.

Maoye International Holdings ROCE % Related Terms

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Maoye International Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Maoye International Holdings Ltd (HKSE:00848) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

4003 Shennan East Road, 38th Floor, Tower A, World Finance Centre, Shenzhen, CHN

Website

https://www.maoye.cn

Maoye International Holdings Ltd is engaged in the operation and management of department stores and property development. The company operates through the segments namely, The Operation of Department Stores segment comprises concessionaire, direct sales of merchandise, and leasing out of commercial properties; The Property Development segment engages in the development and sale of commercial and residential properties and leasing out of commercial properties other than for the operation of department stores; and The Others segment includes operations of hotels, and provision of ancillary.

Maoye International Holdings Headlines

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