Million Hope Industries Holdings (HKSE:01897) ROCE % : 2.45% (As of Sep. 2023)

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What is Million Hope Industries 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. Million Hope Industries Holdings's annualized ROCE % for the quarter that ended in Sep. 2023 was 2.45%.

Million Hope Industries Holdings ROCE % Historical Data

The historical data trend for Million Hope Industries 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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Million Hope Industries Holdings ROCE % Chart

Million Hope Industries Holdings Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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7.81

5.24

8.18

5.10

2.51

Million Hope Industries Holdings Semi-Annual Data
	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial									8.76	1.37	1.07	3.99	2.45

Million Hope Industries Holdings ROCE % Calculation

Million Hope Industries Holdings's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	14.876	/	( ( (669.125 - 70.291)	+	(659.208 - 73.395) )	/ 2 )
	=	14.876	/	( (598.834	+	585.813)	/ 2 )
	=	14.876	/	592.3235
	=	2.51 %

Million Hope Industries Holdings's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	14.314	/	( ( (659.208 - 73.395)	+	(655.002 - 73.199) )	/ 2 )
	=	14.314	/	( ( 585.813	+	581.803 )	/ 2 )
	=	14.314	/	583.808
	=	2.45 %

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

Million Hope Industries Holdings (HKSE:01897) 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.

Million Hope Industries Holdings ROCE % Related Terms

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Million Hope Industries Holdings (HKSE:01897) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Million Hope Industries Holdings Ltd (HKSE:01897) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 On Kwan Street, Office A, 20th Floor, Kings Wing Plaza 1, Shek Mum, Shatin, New Territories, Hong Kong, HKG

Website

http://www.millionhope.com.hk

Million Hope Industries Holdings Ltd and its subsidiaries are engaged in designing, supplying and installation of facade and curtain wall systems, with a focus on curtain walls, aluminum windows and doors. The company provides design, supply and installation services for curtain walls, aluminium windows and doors on both new and existing buildings, and works with customers and architects to offer tailor-made designs and products to suit the project requirements. The principal customers are the main contractors and property developers. Geographically, the group has a business presence in Hong Kong, Mainland China and Others, of which prime revenue is generated from Hong Kong.

Executives

Ccm Trust (cayman) Limited
Webb David Michael	2201 Interest of corporation controlled by you
Mingly Corporation
Mingly Asia Capital Limited
Cha Mou Daid Johnson
Ccm Capital Corporation
Wong Lui Kwok Wai	2202 Interest of your spouse
Wong Sue Toa Stewart	2101 Beneficial owner
Cha Mou Sing Payson	2501 Other
Lbj Regents Limited	2501 Other

Million Hope Industries Holdings (HKSE:01897) Headlines

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