Maiyue Technology (HKSE:02501) ROCE % : -7.05% (As of Jun. 2024)

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What is Maiyue Technology 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. Maiyue Technology's annualized ROCE % for the quarter that ended in Jun. 2024 was -7.05%.

Maiyue Technology ROCE % Historical Data

The historical data trend for Maiyue Technology'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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Maiyue Technology ROCE % Chart

Maiyue Technology Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

35.98

39.23

28.51

12.06

Maiyue Technology Semi-Annual Data
	Dec20	Dec21	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial			-	-	-6.06	24.76	-7.05

Maiyue Technology ROCE % Calculation

Maiyue Technology'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 )
	=	41.421	/	( ( (538.492 - 255.402)	+	(656.412 - 252.442) )	/ 2 )
	=	41.421	/	( (283.09	+	403.97)	/ 2 )
	=	41.421	/	343.53
	=	12.06 %

Maiyue Technology'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 )
	=	-26.654	/	( ( (656.412 - 252.442)	+	(606.621 - 254.727) )	/ 2 )
	=	-26.654	/	( ( 403.97	+	351.894 )	/ 2 )
	=	-26.654	/	377.932
	=	-7.05 %

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

Maiyue Technology (HKSE:02501) 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.

Maiyue Technology ROCE % Related Terms

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Maiyue Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Maiyue Technology Ltd (HKSE:02501) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

9 Gehai Road, Room 806, 8th Floor, Office Area, Block B, East Tower, Guangxi, Guangxi Sports Centre Supporting Project Complex, Nanning, CHN

Website

http://www.maiyuesoft.com

Maiyue Technology Ltd is an integrated IT solutions services provider in the education and government IT solutions markets in Guangxi. It primarily focuses on the provision of customized integrated IT solutions services to customers in the education sector, primarily offline formal public education institutions, for the purpose of digitalized campus development. It aims to utilize technologies in its products and services to assist education institutions in opening up and connecting different departments, functions and facilities of campus in a single platform, realizing the integration and utilization of data from multiple sources, which improves the overall campus experience and effectiveness of teaching and learning.

Executives

Chan Eong Liat Jason	2201 Interest of corporation controlled by you
Deep Blue Ocean Electronics Technology Limited	2101 Beneficial owner
Deng Caidie	2201 Interest of corporation controlled by you
He Deling	2202 Interest of your spouse
Kong Xiaoyan	2202 Interest of your spouse
Li Changqing	2201 Interest of corporation controlled by you
Wang Yufei	2201 Interest of corporation controlled by you
Xu Tao	2202 Interest of your spouse
Yang Zihan	2202 Interest of your spouse
Zhang Guangbai	2201 Interest of corporation controlled by you
Canwest Profits Limited	2101 Beneficial owner
Ng Ling Ling	2202 Interest of your spouse
Koh Lik Ching	2202 Interest of your spouse
Million Oak Limited	2101 Beneficial owner
Ye Shanmin	2201 Interest of corporation controlled by you

Maiyue Technology Headlines

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