Migao Group Holdings (HKSE:09879) ROCE % : 31.20% (As of Mar. 2024)

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What is Migao 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. Migao Group Holdings's annualized ROCE % for the quarter that ended in Mar. 2024 was 31.20%.

Migao Group Holdings ROCE % Historical Data

The historical data trend for Migao 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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Migao Group Holdings ROCE % Chart

Migao Group Holdings Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

ROCE %

38.76

50.33

36.88

15.60

Migao Group Holdings Semi-Annual Data
	Mar21	Mar22	Mar23	Mar24
ROCE %	77.53	100.66	73.76	31.20

Migao Group Holdings ROCE % Calculation

Migao Group Holdings's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	383.683	/	( ( (3688.994 - 1793.203)	+	(5002.993 - 1979.342) )	/ 2 )
	=	383.683	/	( (1895.791	+	3023.651)	/ 2 )
	=	383.683	/	2459.721
	=	15.60 %

Migao Group Holdings's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Mar. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Mar. 2023 )		(Q: Mar. 2024 )
	=	767.366	/	( ( (3688.994 - 1793.203)	+	(5002.993 - 1979.342) )	/ 2 )
	=	767.366	/	( ( 1895.791	+	3023.651 )	/ 2 )
	=	767.366	/	2459.721
	=	31.20 %

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

Migao Group Holdings (HKSE:09879) 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.

Migao Group Holdings ROCE % Related Terms

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Migao Group Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Migao Group Holdings Ltd (HKSE:09879) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Qingzhou Development Zone, East Park, Cangjiang Industrial Park, Gaoming District, Foshan, CHN

Website

https://www.migaogroup.com

Migao Group Holdings Ltd is a national potash fertilizer company in China with sourcing and procurement, processing, and manufacturing. It sells various potash fertilizer products, including KCL, SOP, NOP, and compound fertilizers. Geographically, the company generates a majority of its revenue from its business in the People's Republic of China.

Executives

Liu Guocai	2201 Interest of corporation controlled by you
Migao Holding Limited	2101 Beneficial owner
Migao International Holding Limited	2201 Interest of corporation controlled by you

Migao Group Holdings Headlines

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