Zhongshi Minan Holdings (HKSE:08283) ROCE % : -48.27% (As of Dec. 2023)

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What is Zhongshi Minan 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. Zhongshi Minan Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was -48.27%.

Zhongshi Minan Holdings ROCE % Historical Data

The historical data trend for Zhongshi Minan 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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Zhongshi Minan Holdings ROCE % Chart

Zhongshi Minan Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-8.30

11.73

-2.40

1.66

-10.87

Zhongshi Minan Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															1.17	25.22	21.52	-34.28	-48.27

Zhongshi Minan Holdings ROCE % Calculation

Zhongshi Minan 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 )
	=	-6.971	/	( ( (113.677 - 56.458)	+	(123.916 - 52.929) )	/ 2 )
	=	-6.971	/	( (57.219	+	70.987)	/ 2 )
	=	-6.971	/	64.103
	=	-10.87 %

Zhongshi Minan 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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-34.264	/	( ( (0 - 0)	+	(123.916 - 52.929) )	/ 1 )
	=	-34.264	/	( ( 0	+	70.987 )	/ 1 )
	=	-34.264	/	70.987
	=	-48.27 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Zhongshi Minan Holdings (HKSE:08283) 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.

Zhongshi Minan Holdings ROCE % Related Terms

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Zhongshi Minan Holdings (HKSE:08283) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Zhongshi Minan Holdings Ltd (HKSE:08283) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

176 Sin Ming Drive, No. 01-15 Sin Ming Autocare, Singapore, SGP, 575721

Website

http://www.zhongshiminanholdings.com

Zhongshi Minan Holdings Ltd is an automotive service provider. The company's operating segments are Maintenance and repair service segment that relates to the repair of manufacturer's defects, replacement of parts due to wear and tear, or repair of damage resulting from accidents, and The Modification, tuning and grooming services and trading of spare parts and accessories segment which relates to the modification, tuning, and grooming of the performance or appearance of passenger cars and the trading of spare parts and accessories and others segment which consists of the provision of motor finance services and trading of the passenger cars. It generates a majority of its revenue from the Maintenance and repair services segment. Geographically, it derives maximum revenue from Singapore.

Executives

Wang Lei	2101 Beneficial owner
Li Li Dan	2202 Interest of your spouse
Wang Lei	2101 Beneficial owner
Han Mei	2202 Interest of your spouse
Li Jie	2101 Beneficial owner

Zhongshi Minan Holdings (HKSE:08283) Headlines

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