Meilleure Health International Industry Group (HKSE:02327) ROCE % : 5.13% (As of Dec. 2023)

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What is Meilleure Health International Industry Group 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. Meilleure Health International Industry Group's annualized ROCE % for the quarter that ended in Dec. 2023 was 5.13%.

Meilleure Health International Industry Group ROCE % Historical Data

The historical data trend for Meilleure Health International Industry Group'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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Meilleure Health International Industry Group ROCE % Chart

Meilleure Health International Industry Group Annual Data

Trend

Mar14

Mar15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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0.88

7.65

5.84

2.30

4.23

Meilleure Health International Industry Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															3.86	2.30	2.29	3.56	5.13

Meilleure Health International Industry Group ROCE % Calculation

Meilleure Health International Industry Group'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 )
	=	64.391	/	( ( (1711.261 - 136.938)	+	(1697.209 - 223.994) )	/ 2 )
	=	64.391	/	( (1574.323	+	1473.215)	/ 2 )
	=	64.391	/	1523.769
	=	4.23 %

Meilleure Health International Industry Group'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	74.91	/	( ( (1692.411 - 243.194)	+	(1697.209 - 223.994) )	/ 2 )
	=	74.91	/	( ( 1449.217	+	1473.215 )	/ 2 )
	=	74.91	/	1461.216
	=	5.13 %

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

Meilleure Health International Industry Group (HKSE:02327) 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.

Meilleure Health International Industry Group ROCE % Related Terms

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Meilleure Health International Industry Group (HKSE:02327) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Meilleure Health International Industry Group Ltd (HKSE:02327) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

89 Queensway, Unit 2906, Tower 1, Lippo Centre, Admiralty, Hong Kong, HKG

Website

http://www.meilleure.com.cn

Meilleure Health International Industry Group Ltd is an investment holding company principally engaged in the trading of healthcare products, chemical materials, and building materials. The company's operating segment includes Trading business; Agency service; Property development; Property investment and leasing; Healthcare related business and Industrial hemp business. The Trading business segment includes the trading of construction materials. Geographically, it derives a majority of revenue from PRC.

Executives

Shunda Investment Limited	2201 Interest of corporation controlled by you
Zhongjia U-home Investment Limited	2101 Beneficial owner
Zhou Xuzhou	2201 Interest of corporation controlled by you
Haitong Ut Leasing Hk Limited	2106 Person having a security interest in shares
U-home Group International Ltd
Haitong International Finance Company Limited

Meilleure Health International Industry Group (HKSE:02327) Headlines

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