Maxicity Holdings (HKSE:02295) ROCE % : 11.41% (As of Dec. 2023)

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What is Maxicity 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. Maxicity Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 11.41%.

Maxicity Holdings ROCE % Historical Data

The historical data trend for Maxicity 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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Maxicity Holdings ROCE % Chart

Maxicity Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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20.10

42.98

24.96

10.01

10.17

Maxicity Holdings Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial							20.88	8.65	11.42	9.67	11.41

Maxicity Holdings ROCE % Calculation

Maxicity 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 )
	=	16.027	/	( ( (206.953 - 35.738)	+	(167.058 - 23.019) )	/ 2 )
	=	16.027	/	( (171.215	+	144.039)	/ 2 )
	=	16.027	/	157.627
	=	10.17 %

Maxicity 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 )
	=	16.638	/	( ( (192.238 - 44.595)	+	(167.058 - 23.019) )	/ 2 )
	=	16.638	/	( ( 147.643	+	144.039 )	/ 2 )
	=	16.638	/	145.841
	=	11.41 %

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

Maxicity Holdings (HKSE:02295) 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.

Maxicity Holdings ROCE % Related Terms

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Maxicity Holdings (HKSE:02295) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Maxicity Holdings Ltd (HKSE:02295) » Definitions » ROCE %

Comparable Companies

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N/A

Address

100 Granville Road, Harbour Crystal Centre, Unit 1A, 6th Floor, Tsim Sha Tsui, Hong Kong, HKG

Website

http://www.maxicity.com.hk

Maxicity Holdings Ltd is a slope works contractor in Hong Kong. The company's services include drilling and installation of soil nails; construction of retaining walls; installation of debris flow protection rigid barriers; construction of flexible barrier system; installation of raking drains; installation of wire meshes and mats for erosion control; construction of concrete maintenance stairway; and landscape softworks and establishment works. The group principally operates in Hong Kong.

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