Microware Group (HKSE:01985) ROCE % : 31.68% (As of Mar. 2024)

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What is Microware Group 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. Microware Group's annualized ROCE % for the quarter that ended in Mar. 2024 was 31.68%.

Microware Group ROCE % Historical Data

The historical data trend for Microware Group'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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Microware Group ROCE % Chart

Microware Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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21.77

23.68

17.57

18.01

22.02

Microware Group Semi-Annual Data
	Mar14	Mar15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial															17.40	18.69	13.65	31.68	17.96

Microware Group ROCE % Calculation

Microware Group's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	44.498	/	( ( (516.831 - 297.879)	+	(516.939 - 331.711) )	/ 2 )
	=	44.498	/	( (218.952	+	185.228)	/ 2 )
	=	44.498	/	202.09
	=	22.02 %

Microware Group's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	60.592	/	( ( (413.944 - 216.685)	+	(516.939 - 331.711) )	/ 2 )
	=	60.592	/	( ( 197.259	+	185.228 )	/ 2 )
	=	60.592	/	191.2435
	=	31.68 %

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

Microware Group (HKSE:01985) 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.

Microware Group ROCE % Related Terms

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Microware Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Microware Group Ltd (HKSE:01985) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

44-46 Hung To Road, 1st Floor, Century Centre, Kwun Tong, Kowloon, Hong Kong, HKG

Website

https://www.microware1985.com

Microware Group Ltd is an investment holding company. The company is principally engaged in the provision of IT infrastructure solutions services and IT managed services in Hong Kong. The group strives to provide one-stop IT experience that begins with consultation and advice; semiconductor products, hardware and/or software procurement; implementation; and management and maintenance of the IT infrastructure solutions. Its operating segment includes IT infrastructure solution services business and IT managed services business of which the majority of revenue is derived from IT infrastructure solution services business. Its revenue is derived from its operation in Hong Kong.

Executives

Tang Huangju	2101 Beneficial owner
Yang Peter Shun Tsing	2201 Interest of corporation controlled by you
Wang Guangbo	2101 Beneficial owner
Microware International Holdings Limited	2101 Beneficial owner
Weiye Holdings Group Limited
Well Mount Holdings Limited	2301 Trustee
Yang Peter Shun Tsing	2201 Interest of corporation controlled by you
Yang Shun Tsing Peter	2201 Interest of corporation controlled by you
Liu Yun	2101 Beneficial owner
Han Shaoye	2101 Beneficial owner

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