Metropolis Capital Holdings (HKSE:08621) ROCE % : -24.03% (As of Dec. 2023)

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What is Metropolis Capital 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. Metropolis Capital Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was -24.03%.

Metropolis Capital Holdings ROCE % Historical Data

The historical data trend for Metropolis Capital 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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Metropolis Capital Holdings ROCE % Chart

Metropolis Capital Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-17.81

3.82

0.17

-4.33

-2.78

Metropolis Capital 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															-17.47	-2.78	19.64	-7.02	-24.03

Metropolis Capital Holdings ROCE % Calculation

Metropolis Capital 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 )
	=	-7.091	/	( ( (427.84 - 137.003)	+	(440.696 - 221.769) )	/ 2 )
	=	-7.091	/	( (290.837	+	218.927)	/ 2 )
	=	-7.091	/	254.882
	=	-2.78 %

Metropolis Capital 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 )
	=	-52.612	/	( ( (0 - 0)	+	(440.696 - 221.769) )	/ 1 )
	=	-52.612	/	( ( 0	+	218.927 )	/ 1 )
	=	-52.612	/	218.927
	=	-24.03 %

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

Metropolis Capital Holdings (HKSE:08621) 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.

Metropolis Capital Holdings ROCE % Related Terms

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Metropolis Capital Holdings (HKSE:08621) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Metropolis Capital Holdings Ltd (HKSE:08621) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Room 7003A, 887 Huai Hai Zhong Road, Huangpu District, Shanghai, CHN, 200020

Website

https://www.metropolis-leasing.com

Metropolis Capital Holdings Ltd is a financial leasing company engaged in providing customized vehicle finance leasing to its customers. The Group categorizes its vehicle finance leasing into typical finance leasing and sale and leaseback arrangements. Typical finance leasing generally involves the leasing of the vehicle acquired by the company from a vehicle dealer prior to a lease transaction, and The sale and leaseback arrangement generally involves the leasing of a new or second-hand vehicle acquired by its customer from a vehicle dealer prior to a lease transaction. The Group's operation is in the People's Republic of China.

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