Man Shun Group (Holdings) (HKSE:01746) ROCE % : -2.45% (As of Jun. 2024)

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What is Man Shun Group (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. Man Shun Group (Holdings)'s annualized ROCE % for the quarter that ended in Jun. 2024 was -2.45%.

Man Shun Group (Holdings) ROCE % Historical Data

The historical data trend for Man Shun Group (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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Man Shun Group (Holdings) ROCE % Chart

Man Shun Group (Holdings) Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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1.47

-5.35

-1.40

0.21

0.51

Man Shun Group (Holdings) Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial												-2.91	3.33	1.80	-0.79	-2.45

Man Shun Group (Holdings) ROCE % Calculation

Man Shun Group (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 )
	=	0.768	/	( ( (164.371 - 12.968)	+	(172.713 - 20.364) )	/ 2 )
	=	0.768	/	( (151.403	+	152.349)	/ 2 )
	=	0.768	/	151.876
	=	0.51 %

Man Shun Group (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 )
	=	-3.708	/	( ( (172.713 - 20.364)	+	(160.891 - 10.629) )	/ 2 )
	=	-3.708	/	( ( 152.349	+	150.262 )	/ 2 )
	=	-3.708	/	151.3055
	=	-2.45 %

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

Man Shun Group (Holdings) (HKSE:01746) 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.

Man Shun Group (Holdings) ROCE % Related Terms

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Man Shun Group (Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Man Shun Group (Holdings) Ltd (HKSE:01746) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Nos. 23-39 Pak Tin Par Street, Room 1908, 19th Floor, Cheung Fung Industrial Building, Tsuen Wan, New Territories, Hong Kong, HKG

Website

https://www.manshungroup.com.hk

Man Shun Group (Holdings) Ltd is an engineering and construction service provider in Hong Kong. It mainly provides HVAC electrical and mechanical (E and M) engineering services for new residential property development projects through installation services only. HVAC E and M engineering services typically involve the installation of HVAC systems, which refers to heat, ventilation, and air-conditioning systems.

Executives

Prime Pinnacle Limited	2101 Beneficial owner
Chan Ho Fung	2202 Interest of your spouse
Cheng Phyllis Woon Kink	2202 Interest of your spouse
Cheung Yuen Chau	2201 Interest of corporation controlled by you
Cheung Yuen Tung	2201 Interest of corporation controlled by you

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