Metasurface Technologies Holdings (HKSE:08637) ROCE % : 9.00% (As of Dec. 2023)

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What is Metasurface Technologies 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. Metasurface Technologies Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 9.00%.

Metasurface Technologies Holdings ROCE % Historical Data

The historical data trend for Metasurface Technologies 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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Metasurface Technologies Holdings ROCE % Chart

Metasurface Technologies Holdings Annual Data

Trend

Dec22

Dec23

ROCE %

13.61

9.00

Metasurface Technologies Holdings Semi-Annual Data
	Dec22	Dec23
ROCE %	13.61	9.00

Metasurface Technologies Holdings ROCE % Calculation

Metasurface Technologies 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 )
	=	27.485	/	( ( (399.729 - 107.14)	+	(409.573 - 91.547) )	/ 2 )
	=	27.485	/	( (292.589	+	318.026)	/ 2 )
	=	27.485	/	305.3075
	=	9.00 %

Metasurface Technologies 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: Dec. 2022 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Dec. 2022 )		(Q: Dec. 2023 )
	=	27.485	/	( ( (399.729 - 107.14)	+	(409.573 - 91.547) )	/ 2 )
	=	27.485	/	( ( 292.589	+	318.026 )	/ 2 )
	=	27.485	/	305.3075
	=	9.00 %

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

Metasurface Technologies Holdings (HKSE:08637) 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.

Metasurface Technologies Holdings ROCE % Related Terms

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Metasurface Technologies Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Metasurface Technologies Holdings Ltd (HKSE:08637) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 43 Tuas View Circuit, Singapore, SGP, 637360

Website

https://www.metatechnologies.com.sg

Metasurface Technologies Holdings Ltd is a precision engineering services provider in Singapore. The Group considers the business from three segments: 1) Precision machining is a machining process of removing materials from a workpiece with standard for high accuracy to create parts and components with tight of tolerance. 2) Precision welding is a process which involves the use of weldment equipment and specialised welding technique on a workpiece in a very precise and controlled fashion. 3) Sale of laser diodes (Discontinued operation).

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