Max Sight Group Holdings (HKSE:08483) ROCE % : 18.30% (As of Dec. 2023)

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What is Max Sight Group 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. Max Sight Group Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 18.30%.

Max Sight Group Holdings ROCE % Historical Data

The historical data trend for Max Sight Group 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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Max Sight Group Holdings ROCE % Chart

Max Sight Group Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-4.91

-7.69

-14.70

-29.20

25.40

Max Sight Group 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															-37.90	24.34	20.25	35.25	18.30

Max Sight Group Holdings ROCE % Calculation

Max Sight Group 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 )
	=	9.09	/	( ( (46.792 - 13.649)	+	(54.44 - 16.02) )	/ 2 )
	=	9.09	/	( (33.143	+	38.42)	/ 2 )
	=	9.09	/	35.7815
	=	25.40 %

Max Sight Group 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 )
	=	7.032	/	( ( (0 - 0)	+	(54.44 - 16.02) )	/ 1 )
	=	7.032	/	( ( 0	+	38.42 )	/ 1 )
	=	7.032	/	38.42
	=	18.30 %

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

Max Sight Group Holdings (HKSE:08483) 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.

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Max Sight Group Holdings (HKSE:08483) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Max Sight Group Holdings Ltd (HKSE:08483) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

48 Yee Wo Street, 14th Floor, McDonald’s Building, Causeway Bay, Hong Kong, HKG

Website

http://www.maxsightgroup.com

Max Sight Group Holdings Ltd is principally engaged in the provision of photography services by supplying automatic identity photo booths in Hong Kong and Guangdong provinces. In addition, it is also engaged in the provision of medical services by operating medical centers in Hong Kong. It operates through three segments namely, Photography services in Hong Kong, Photography services in Mainland China, and Medical services in Hong Kong. The Hong Kong region generates maximum revenue for the company.

Executives

Cheung Kam Ting
Causeway Treasure Holding Limited
Photo-me International Plc.
Au-yeung Ying Ho
Chan Tien Kay Timmy
Chan Wing Chai Jamson

Max Sight Group Holdings (HKSE:08483) Headlines

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