Morris Home Holdings (HKSE:01575) ROCE % : 0.00% (As of Dec. 2023)

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What is Morris Home 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. Morris Home Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.00%.

Morris Home Holdings ROCE % Historical Data

The historical data trend for Morris Home 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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Morris Home Holdings ROCE % Chart

Morris Home Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-38.70

-30.48

-348.15

Morris Home Holdings Semi-Annual Data
	Dec13	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial														-134.56	-	-	-	-

Morris Home Holdings ROCE % Calculation

Morris Home 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 )
	=	-13.28	/	( ( (409.727 - 487.972)	+	(310.61 - 384.976) )	/ 2 )
	=	-13.28	/	( (-78.245	+	-74.366)	/ 2 )
	=	-13.28	/	-76.3055
	=	17.40 %

Morris Home Holdings'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 )
	=	-5.622	/	( ( (378.704 - 430.053)	+	(310.61 - 384.976) )	/ 2 )
	=	-5.622	/	( ( -51.349	+	-74.366 )	/ 2 )
	=	-5.622	/	-62.8575
	=	0 %

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

Morris Home Holdings (HKSE:01575) 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.

Morris Home Holdings ROCE % Related Terms

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Morris Home Holdings (HKSE:01575) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Morris Home Holdings Ltd (HKSE:01575) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 258, Shengli Road, Maqiao Street, Haining City, Zhejiang Province, Jiaxing City, CHN

Website

http://www.morrishome.com.hk

Morris Home Holdings Ltd is an investment holding company engaged in the manufacturing and marketing of sofas, sofa covers, and other furniture products. The company's operating segment includes Retail and Manufacturing. It generates maximum revenue from the Retail segment. Geographically, it derives revenue from the Peoples Republic of China.

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